TRUMPF ends FY 05/06 with record sales
October 18--The TRUMPF Group reports having record sales of 1.65 billion Euros. With an 18 percent growth rate, the company has demonstrated success under its new management.
October 18--TRUMPF reports it has ended the 2005/2006 fiscal year with record sales of 1.65 billion Euros. With an 18 percent growth rate, the company has demonstrated success under its new management. Income before taxes increased by 53 percent to 205 million Euros. The profit margin grew to 12.4 percent.
Nicola Leibinger-Kammuller, president of the managing board of the TRUMPF Group, was quoted as saying that the current fiscal year is also going well. The company is expecting sales to reach more than 1.8 billion Euros. The reason for the company's positive outlook, among other things, is its orders on hand totaling 470 million Euros. The first three months of the new fiscal year have supported this expectation: sales and orders received both rose by just under 25 percent.
The company says it benefited from the global boom in investment goods. All regions contributed to the success of the TRUMPF Group. The company recorded the strongest gains in Eastern Europe, America, and the Pacific Rim. Sales in Germany rose by 7.0 percent to 451 billion Euros. Germany thus remained the company's largest individual market.
Growth also had an impact on employment. Worldwide, TRUMPF created 439 new jobs, 242 overseas and 197 at home. This corresponds to a 7.3 percent increase. Overall TRUMPF employed 6488 people on June 30, 2006. Employees were hired primarily in Germany, the U.S., Switzerland, and France.
The Laser Technology/Electronics Division enjoyed an 8.5 percent sales increase to 438 million Euros.
For more information, visit www.trumpf.com.