Ditzingen, Germany: Trumpf, a manufacturer of machine tools, has generated a 10.8 percent increase in sales in the fiscal year ending June 30, 2017.
Preliminary financial assessment revealed sales for the fiscal year 2016/2017 reached US$3.62 billion, an increase from US$3.27 billion in the corresponding period the past fiscal year.
The company’s fiscal year 2016/2017 saw its order intake reach US$3.97 billion, an increase of 21 percent from US$3.27 billion in the previous fiscal year.
The company’s largest market comes from Germany, with sales hitting US$750 million, followed by the US at US$486 million, and China at US$465 million. The company’s sales in South Korea rose by 57 percent from the previous fiscal year to reach US$244 million, making it the company’s fourth-largest market.
In Europe, sales from Italy rose 34 percent as compared to the previous fiscal year. Sales grew 55 percent in the Netherlands from the last fiscal year, with sales being boosted by lasers that use extreme-ultraviolet (EUV) radiation to process chip surfaces for the computer industry.
The company has also gone through a recent organisational restructure, which will see it investing in future technologies such as EUV, additive manufacturing, and digitalisation.
The company has opened new production and sales facilities in Warsaw, Poland, and Neukirch, Germany. It will also open a logistics centre at its headquarters in Ditzingen, Germany built at a cost of US$40 million, set to be opened in October this year. The company has also constructed a US$15 million Industry 4.0 demonstration facility in Chicago, US, which will be opened in September this year.