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TRUMPF 2019/2020 sales decline 8%

LOLS10在线直播下注The TRUMPF Group posted a decrease in sales of around 8% at the end of the 2019/2020 fiscal year on June 30, 2020.

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(Credit: Mediamodifier/Pixabay)

The TRUMPF Group (Ditzingen, Germany) posted a decrease in sales of around 8% at the end of the 2019/2020 fiscal year on June 30, 2020. According to preliminary calculations, sales amounted to 3.5 billion euros (3.8 billion euros in the 2018/2019 fiscal year). Orders received fell to 3.3 billion euros (3.7 billion euros in the 2018/2019 fiscal year)—this is a decrease of around 11%.

Sales in Germany were approximately 610 million euros; in the U.S., about 490 million euros; and The Netherlands around 480 million euros, due to the EUV business with ASML. These were followed by China with around 350 million euros.

“Since autumn 2018, we have been feeling the effects of a weakening economy and the reluctance of many customers to invest, particularly in Germany, says Nicola Leibinger-Kammüller, TRUMPF President and Chairwoman of the Group Management Board. We attribute this to the uncertainty associated with the structural change in the automotive industry, among other things. It has been our observation that corona has intensified this trend and acted like a catalysta crisis within a crisis, so to speak. The central issue here is the uncertainty about the pandemic’s duration and the appropriate measures on the part of government.”Nicola Leibinger-Kammüller, TRUMPF President and Chairwoman of the Group Management Board.Nicola Leibinger-Kammüller, TRUMPF President and Chairwoman of the Group Management Board.(Photo: TRUMPF)

LOLS10在线直播下注Only a few business fields such as extreme ultraviolet (EUV) and electronics are currently posting any sales growth. TRUMPF responded to the downturn in business more than a year ago with a program to boost earnings and by saving on material and personnel costs.

The Group-wide workforce count remained much the same at 14,300 employees. There were 7400 people employed in Germany as of June 30, 2020, with around 4400 working at the Ditzingen headquarters. 

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