Plymouth, MI and Hamburg, Germany--Laser sources and laser-based solutions manufacturer Rofin-Sinar reported record quarterly orders and sales for its fiscal Q3 period ended June 30, 2011. "We are very pleased with our third quarter results," said Günther Braun, CEO and president of Rofin-Sinar. "We posted record quarterly order entry and sales figures. The primary drivers of our success were higher sales in Asia and increased turnover in the machine tool, automotive and electronic industries." Indeed, as Laser Focus World stated in the "Jobless Recovery" section of our 2011 Laser Marketplace Review & Forecast, many jobs are being replaced through automation with lasers.
For Q3 2011, net sales reached a record high of $154.9 million--a 40% or $44.6 million increase from the same quarter in 2010. Specifically, laser sales for macro applications grew 47% to $63.1 million, accounting for 41% of total sales. Laser sales for marking and micro applications grew 38% to $76.8 million, or 49% of total sales. Components sales increased 27% to $15.1 million, comprising 10% of sales.
For the nine months ended June 30, sales grew 43% over the comparable nine-month period in 2011. North American, European, and Asian sales increased 46%, 36%, and 52%, respectively.
New orders for Q3 2011increased 27% to $163 million compared to the same quarter in 2010, and created a new record backlog of $177.5 million, mainly for laser products. For fiscal Q4 2011, Rofin-Sinar expects sales to total between $155 and $160 million, even higher than the record sales reached for Q3. Braun adds, "Furthermore we believe that our investments in fiber laser technology have positioned us to be a strong partner for our customers in the laser material processing industry and complement our mid- to long-term growth strategy."
SOURCE: Rofin-Sinar; www.rofin.com/uploads/media/PR_3Q11_english.pdf