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TRUMPF, for the 2017/18 fiscal year has recorded 14.6 percent increased revenues, at 3.57 billion euros (3.11 billion euros in 2016/17) – its highest ever till date. Orders received increased from 12.5 percent to 3.8 billion euros - from 3.4 billion euros in 2016/17. Operating income before taxes rose by 52.3 percent to 514 million euros (fiscal year 2016/17: 337 million euros). The net operating margin amounted to 14.4 percent compared to 10.8 percent one year earlier.
Driven by an ongoing strong global economy, TRUMPF was able to significantly exceed its projections in some areas, the company announced. Its largest business division, Machine Tools, increased its sales by 11.3 percent. The Laser Technology division achieved sales growth of 21.5 percent. EUV lithography for the exposure of microchips performed particularly well, increasing by 57.3 percent over the previous year to 250 million euros. TRUMPF's planning for the current 2018/19 fiscal year envisages further noticeable growth in EUV lithography. Even today, sales in this strategically important business segment exceed those of most of TRUMPF's foreign sales markets.
Germany continued to be the largest single market for TRUMPF, with sales up by 15.6 percent to 719 million euros, followed by China (up by 13.0 percent on the previous year to 457 million euros), and the United States (up by 5.4 percent on the previous year to 444 million euros) in second and third place respectively. Year-on-year sales in Italy grew by 31.8 percent to173 million euros, making the country the fourth-strongest single market for the first time. In addition to these markets, TRUMPF intends to intensify its business activities in countries such as Mexico and Canada as well as in the Asian countries Thailand, Malaysia, Indonesia, Singapore, and Vietnam in an effort to achieve average annual growth of 10 percent, the company announced.
In the current fiscal year, despite the general slowdown of the global economy, TRUMPF expects to generate business with a similar level of profitability. In the past fiscal year, TRUMPF invested in emerging technologies such as EUV lithography or metal 3D printing (additive manufacturing), as well as driving forward the AXOOM digital business platform. Expenditure on research and development rose by 5.9 percent to 337 million euros. The company's R&D ratio in relation to sales amounted to 9.5 percent. The number of employees worldwide working on new products for TRUMPF increased by 13.2 percent to 2,087.
The company's capital expenditure totaled 216 million euros in the 2017/18 reporting period. Real estate and construction projects accounted for 43 percent of the total sum invested, technical plant and machinery for 18 percent, and office and business equipment for 33 percent. More than half of this expenditure concerned construction projects in Germany, with around two thirds of this sum going toward the new headquarters building in Ditzingen, and the remaining one third to the expansion of the German manufacturing sites in Teningen and Schramberg.
Investments in other European countries accounted for 13 percent of the Group's total capital expenditure, while 15 percent concerned the Americas. The smart factory demonstration center in Chicago is an outstanding example, representing an investment of 26 million euros. Another major investment project was the creation of the TRUMPF Group's largest-ever production site, operated by the Chinese joint venture JFY. The total cost of this investment was 14 million euros.