Trumpf releases financial results for 2020/21, reports record growth in orders
October 26, 2021
Trumpf, Ditzingen, Germany, has released its financial results for the fiscal year 2020/21 ending June 30, 2021, reporting a slight increase in sales revenues of 0.5% to €3.50 billion (fiscal year 2019/20: €3.48 billion). Order intake value increased significantly by 19.7% to a record level for the company at €3.9 billion (fiscal year 2019/20: €3.3 billion).
At €370 million, the group’s operating earnings before interest and tax (EBIT) grew positively by 19.5% compared to the fiscal year 2019/20 (€309 million). Despite the low level of sales revenues in the first half of the year, Trumpf was able to stabilise earnings by increasing productivity, changing the product mix and consistently cutting non-personnel costs.
In the second half of the year, earnings increased significantly as a result of higher sales revenues. In addition, due to investment restraint, the company achieved an EBIT margin of 10.5% (previous year: 8.9%).
Nicola Leibinger-Kammüller, president of the group management board of Trumpf, stated, “Owing to our systematic crisis management, Trumpf managed to survive the pandemic well. Due to a strong rise in demand, we entered the new fiscal year with an unexpectedly high order intake. Nevertheless, there will still be a lot of uncertainty over the coming months with regard to how chip shortages in global supply chains, inflation, and increasing energy costs and their effect on transportation costs and transportation capacity will affect our business.”