Trumpf touts 15% sales hike in 2012
Trumpf Group says preliminary fiscal 2012 revenues rose 15% year-on-year to €2.325 billion, and orders and profits also increased.
Ditzingen, Germany -- Trumpf Group has announced preliminary fiscal 2012 revenues (ended on June 30) of €2.325 billion, a 15% increase from 2011 sales of €2.024B which surpassed the prerecession record from fiscal 2008. Orders amounted to €2.35B, a 5.8% increase vs. €2.22 billion in fiscal 2011. Pretax profits also are expected to be higher than 2011's €185M, though in a statement Trumpf president Nicola Leibinger-Kammüller did not offer a specific amount.
As recently as early June, Trumpf managers had confirmed to ILS that 2012 sales would show a Y/Y increase, but offered no specific number. Last October Trumpf optimistically predicted double-digit growth for fiscal 2012, but at a far lower pace than 2011's record 51% pace, citing mainly worries about the persistent Euro crisis and "the Greece problem."
Trumpf also said that it has created 1000 new jobs in the past fiscal year, raising its overall workforce to over 9600 (about an 11% increase).
Final fiscal results will be announced at Trumpf's annual press conference on October 18.
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