Trumpf Reports Fiscal Year 2023/24 Decline, German Market Surges

Fiscal year report Germany becomes Trumpf’s largest market as sales and orders fall

2024-07-17 Source: Trumpf 1 min Reading Time

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German high-tech company Trumpf reported a decline in fiscal year 2023/24 figures, with sales down 4 percent and order intake dropping 10 percent. Despite these setbacks, Germany became the company’s strongest single market for the first time in years, highlighting a shift in market dynamics.

Nicola Leibinger-Kammüller, CEO of Trumpf(Source: Trumpf) — Nicola Leibinger-Kammüller, CEO of Trumpf
(Source: Trumpf)

The Trumpf Group ended the fiscal year with declining sales and order intake. According to preliminary calculations, the company generated sales of 5.2 billion euros (fiscal year 2022/23: 5.4 billion euros) and order intake of 4.6 billion euros (previous year: 5.1 billion euros) in the fiscal year 2023/24 (reporting date June 30, 2024).

In its domestic market of Germany, sales rose by around 4.5 percent to around 815 million euros (previous year: 779 million euros). In the USA, however, Trumpf was unable to match the strong growth of the previous year. Sales fell by around 12 percent to around 790 million euros. (previous year: 899 million euros). The strongest Asian market was China with sales of around 615 million euros (previous year: 602 million euros). For the first time in years, Germany was Trumpf's largest single market.

Nicola Leibinger-Kammüller, CEO of Trumpf: “The weak global economy and the ongoing geopolitical uncertainties led to a noticeable reluctance among many customers to make new investments in the past fiscal year. The persistently weak demand will also characterize the coming months of the current fiscal year. As usual, Trumpf is countering this economic crisis with clear measures to improve earnings.”

The number of employees across the Group rose to around 18,550. Around 9,100 people were employed in Germany as of June 30, 2024, around 6,000 of whom worked at the headquarters in Ditzingen.

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