Trumpf reports higher sales despite declining orders

News
October 25, 2019

October 25, 2019

The Trumpf Group has reported its financial results for the 2018/19 fiscal year ending June 30, 2019. The company recorded an increase in sales for the year, while orders received and profits declined. 

In 2018/19, sales rose by 6.1% to €3.78 billion (2017/18: €3.57 billion). Orders received decreased to €3.68 billion, compared to €3.80 billion in 2017/18, a decline of 3.1%. Earnings before interest and taxes (EBIT) amounted to €349.3 million, a fall of 34.7% from the prior year figure of €534.7 million. 

Trumpf reported that its Machine Tools and Laser Technology business divisions were unable to maintain the high growth rates achieved in the previous year. Revenues for the Machine Tools division rose by a slight 1.2% to €2.39 billion (2017/18: €2.36 billion), while the Laser Technology division posted revenues of €1.38 billion, marginally below the prior-year result of €1.41 billion. The company attributes this decline to a slowing market in Asia (especially in China and South Korea) as well as to the automotive industry’s current reluctance to invest.

Nicola Leibinger-Kammüller, Trumpf President and Chairwoman of the Managing Board, explained, “As a company operating in the investment goods sector, we are particularly exposed to the impact of cyclical highs and lows. That is currently the case. Given the uncertainty due to the US–China trade conflict and the structural change in the automotive industry, many customers have become more cautious and are postponing investments.”

As in previous years, Germany was the largest individual market for Trumpf, with sales of €721 million, up 0.2% compared to 2017/18’s result of €719 million. Sales revenue in the United States, the company’s second largest market, grew by 23.2% to €547 million  (2017/18: €444 million). At around €460 million, the Netherlands was the third-biggest individual market, followed by China at €415 million, down from the previous year’s €457 million.

After a strong rise in the previous year, the company’s investments increased again by 33.3% to €288 million, compared to €216 million in 2017/18, in line with the company’s growth strategy. More than half of this expenditure concerned projects in Germany. Construction projects, the majority of which are being carried out at the company’s headquarters in Ditzingen, accounted for over €70 million of the company’s total investment.

www.trumpf.com 

News
October 25, 2019

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Aluminium Additive Manufacturing: How a new generation of alloys will fuel industry growth
  • Shaping a national Additive Manufacturing ecosystem: The strategic growth of metal AM in Türkiye
  • How metal Additive Manufacturing is transforming modern hydraulic systems
  • High-performance product development in the era of computational design: a case study with nTop and NASA
  • The Additive Manufacturing of record-breaking pure copper heatsinks for high-performance computing applications
  • The Additive Manufacturing of tool steels: how non-linear modelling enables precise hardness control

Join 40,000+ other AM professionals – follow us online

Don’t miss a thing – register for our newsletter

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Register now

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
Find suppliers

About Metal Additive Manufacturing magazine

Metal AM magazine, published quarterly in digital and print formats, is read by a rapidly expanding international audience.

Our audience includes component manufacturers, end-users, materials and equipment suppliers, analysts, researchers and more.

In addition to providing extensive industry news coverage, Metal AM magazine is known for exclusive, in-depth articles and technical reports.

Our focus is the entire metal AM process from design to application.

Each issue is available as an easy-to-navigate digital edition and a high-quality print publication.

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Share via
Copy link
Powered by Social Snap