Things went well at Trumpf in the past fiscal year. However, given the global crises, the outlook for the current financial year is sober. According to the boss, “reason for concern” is appropriate.
Ditzingen (dpa / lsw) – The mechanical engineering company Trumpf significantly increased its profits in the past financial year, but is cautious about the current financial year. When it comes to the outlook, “there is reason to be concerned,” said CEO Nicola Leibinger-Kammüller on Thursday in Ditzingen (Ludwigsburg district). In view of the consequences of the corona pandemic, disrupted supply chains and rising prices, she does not assume that Trumpf will be able to repeat similarly high growth in the current financial year.
In the first quarter, growth in incoming orders weakened, although the value was still higher than in the same quarter of the previous year, said CFO Lars Grünert. In terms of sales, Trumpf still sees the growth rates of the past year, with the high order backlog helping here. The situation is different with the result: This is burdened by cost increases and problems in the supply chains. It will be very difficult here to repeat the “very good result of the previous year”, said Grünert.
“As a result of the strong increase in demand in the second half of the year, we started the new financial year with a high level of incoming orders,” said Leibinger-Kammüller. Nevertheless, there remains a great deal of uncertainty for the coming months, “how the bottlenecks in the supply chains, high inflation, rising material and energy prices and transport costs will affect our business”. A growing restraint in demand can be felt in many markets.
In the past fiscal year, which ended at the end of June, Trumpf posted record sales of EUR 4.2 billion and a 42 percent increase in incoming orders to EUR 5.6 billion. According to Leibinger-Kammüller, the difference shows that customer orders can only be processed slowly due to missing parts. Earnings before interest and taxes (EBIT) rose by 26.8 percent year-on-year to EUR 468 million. The bottom line was a net profit of 310 million euros.
The most important market for the first time was the Netherlands with a turnover of 838 million euros, which according to Trumpf is due to the strongly growing business with the chip industry supplier ASML. The USA followed in second place (656 million euros). With a turnover of 589 million euros, Germany was only in third place and was therefore no longer Trump’s largest single market for the first time.
At the end of the past fiscal year, the company employed 16,554 people, around 2,000 more than a year earlier.
