Despite COVID-19 pandemic, TRUMPF posts strong figures for 2020-2021

July 23, 2021
Incoming orders for the industrial laser maker increased from over $3.8 billion to over $4.5 billion for the 2020-2021 fiscal year.

The TRUMPF Group (Ditzingen, Germany), has closed its 2020-2021 fiscal year on June 30, 2021 with sales at the previous year’s level. According to preliminary calculations, the figure stands at over $4.1 billion (fiscal year 2019-2020: over $4.1 billion). After Germany, with sales of over $682 million, the largest individual markets are China with over $618 million, the U.S. with over $571 million, and the Netherlands with over $541 million (due to the extreme-ultraviolet [EUV] business with ASML). The industrial laser maker is also starting the new fiscal year with an increase of 20% in incoming orders at over $4.5 billion (2019-2020: over $3.8 billion).

“We have started the new fiscal year with stable sales and very good incoming orders. They result, among other things, from strong economic impulses from China, which come from electronics applications and the demand for our lasers for electromobility. However, there is also an unmistakable upturn in the economy in Europe, which we are registering in the machine tool sector. Nevertheless, uncertainty remains as to how the stability of global supply chains and the handling of the coronavirus pandemic will develop,” explains Nicola Leibinger-Kammüller, Chairwoman of the TRUMPF Group Executive Board.

The number of employees group-wide rose slightly to 14,800. In Germany, there were around 7600 employees as of the reporting date of June 30, 2021, including around 4400 at the headquarters in Ditzingen.

Source: TRUMPF press release

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Industrial Laser Solutions Editors

We edited the content of this article, which was contributed by outside sources, to fit our style and substance requirements. (Editors Note: Industrial Laser Solutions has folded as a brand and is now part of Laser Focus World, effective in 2022.)

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