Trumpf FY13/14 profits soar, thanks to record in increased revenue
Ditzingen, Germany - Industrial laser systems maker Trumpf has increased its income significantly in fiscal year 2013/2014, thereby posting record revenues. Earnings before taxes rose by 61.2 percent to $316.8 million (€248 million), up from $197.2 million (€154 million) the previous year. One reason for the significantly higher result is an increase in revenues: during fiscal year 2013/2014, the company posted a total of $3.305 billion (€2.587 billion). Compared to the previous year's sales of $3 billion (€2.343 billion), this represents an increase of 10.4 percent. The company's return on sales improved from 6.6 percent to 9.6 percent.
The sales figures also include various acquisitions by the company for the first time. "Over the past fiscal year we have strengthened our company at strategically important points by means of acquisitions," says Dr. Nicola Leibinger-Kammüller, Trumpf's president. "However, even if one deducts these special effects, sales have still exceeded the two and a half-billion-euro mark for the first time." The largest acquisition in the past fiscal year was a majority stake in the Chinese machine tool manufacturer Jiangsu Jinfangyuan CNC Machine Company Ltd. (JFY).
In the new financial year of 2014/2015, the company will continue to strengthen itself in key markets and key future technologies by means of acquisitions. The company has acquired a majority stake of 51 percent in Indian software manufacturer India Metamation Software Pvt. Ltd. (IMM; Chennai, India), as well as an interest in its American subsidiary Metamation Inc. (USMM; Reno, NV). The company ranks as one of the world's leading manufacturers of software for machine tools.
In addition, the company has acquired a majority stake of 80 percent in its longstanding trading partner in Turkey, the company KOZ Makina Sanayi ve Dış Ticaret A.Ş. With the purchase, the company is strengthening its presence in an extremely dynamic emerging economy, which is also important throughout the entire region.
In the 2013/2014 fiscal year, the company's order intake rose by 16 percent to $3.44 billion (€2.70 billion)—up from $2.97 billion (€2.33 billion) the previous year. Due to recruitment of new personnel and the recent acquisitions, the number of employees also rose 10 percent more than the previous year.
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