Leap in Profits for TRUMPF

The TRUMPF Group (Ditzingen, Germany) increased its income significantly in fiscal year 2013/14. Earnings before taxes rose by 61.2 percent to 248 million euros (previous year: 154 million euros). This was announced by the company at its annual press conference in Ditzingen.

One reason for the significantly higher result is an increase in revenues. During the 2013/14 fiscal year, the company realized a total of 2.587 billion euros – the highest figure in the more than 90-year history of the company. Compared to the previous year’s sales of 2.343 billion euros, this represents an increase of 10.4 percent.

“Even more important for our higher earnings, however, are several broadly-based yield and productivity enhancement programs, thanks to which we were much more efficient over the past year and a half,” said TRUMPF president Dr. Nicola Leibinger-Kammüller at the annual press conference. 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,” explained Dr. Leibinger-Kammüller. “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 2014/15, the company will continue to strengthen itself in key markets and key future technologies by means of acquisitions. At the press conference, the company announced two more of these: Acquisition of a majority stake of 51 percent in the Indian software manufacturer India Metamation Software Pvt. Ltd. (IMM), based in Chennai, as well as an interest in its American subsidiary Metamation Inc. (USMM), based in Reno, Nevada. The company ranks as one of the world’s leading manufacturers of software for machine tools.

In addition, the company acquires 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 of KOZ, TRUMPF is strengthening its presence in an extremely dynamic emerging economy which is also important throughout the entire region.

In the 2013/14 fiscal year, order intake rose by 16 percent to 2.70 billion euros (previous year: 2.33 billion euros). Due to recruitment of new personnel and the recent acquisitions, the number of employees rose: On June 30, the company employed 10,914 people worldwide – 10 percent more than the previous year.

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