Trumpf Trumpf announces sales increase of 11%
An increase from € 2.8 bn to € 3.1 bn was recently reported by German manufacturer Trumpf for the fiscal year 2016/2017. The company also reports an order increase of 21.1 %.
Germany – German machine tool manufacturer Trumpf has announced preliminary numbers that show a sales rise from 2.8 to 3.1 billion euros. At the same time, orders increased from 2.8 to 3.4 billion euros, the company says.
The 10.8 % upturn in sales were generated in the 2016/2017 fiscal year ending June 30 2017. The biggest single market for Trumpf was Germany with sales of € 642 mn. US came second with € 416 mn, China third with € 398 mn. Trumpf reported, that sales in South Korea, an important market for Trumpf, have risen by 57 %, reaching € 209 mn, maknig it the fourth biggest market for Trumpf.
Trumpf's CEO Nicola Leibinger-Kammüller is cautiously optimistic: “In many markets, we exceeded our targets, with an equal contribution from all our products. But we know that the current investment climate has been influenced by external factors such as the euro exchange rate and raw materials prices.”
She also statet, that Trumpf invested a lot during the last year: The company drove forward its digital business platform, and also expanded its locations in Germany and abroad, including the United States. According to Trumpf's CEO, America is an important market for Trumpf, regardless of political changes: “Clearly there are political differences between Germany and the U.S. at the moment, and that makes it all the more important that we give our American customers a clear signal that we see the U.S. as one of the main markets for digital production,” said Leibinger-Kammüller.