Trumpf closes the 2018/2019 fiscal year with sales increasing by around 6%, from 3,6 to 3,8 billion euros. The growth in the Trumpf Group was driven by the high level of orders from the previous year as well as by the expansion of the EUV business. Trumpf is also supplying its Dutch customer ASML with special lasers that utilize extreme ultraviolet radiation to expose the surface of microchips for the computer industry.
On the other hand, in the fiscal year orders dropped to 3,7 billion euros, with a decrease of around 3%, primarily due to a series of factors such as the ongoing trade dispute between China and the US, the uncertainties surrounding Brexit, the structural changes in the automotive industry and also the economic slowdown in China.
“The decrease in our order intake, at both our Machine Tools and Laser Technology divisions, reflects the deterioration of the overall economic situation – said Nicola Leibinger-Kammüller, CEO of Trumpf -. These uncertainties are toxic for investments, and customers, especially the smaller ones, are postponing their purchase of new products as a result. Only a few business areas, such as EUV or electronics, remain the exception at the moment”.
After Germany, with sales of about 730 million euros, the company’s largest single markets are the US with about 545 million euros, the Netherlands with around 460 million euros, and China with approximately 415 million euros. During the fiscal year, the Group workforce increased by 8 percent to around 14,500. As of June 30, 2019, there were more than 7,400 employees in Germany, 4,400 of them at the headquarters in Ditzingen.