CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

TRUMPF posts record revenue in its anniversary year

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TRUMPF reports it has achieved "an outstanding fiscal year" during its centennial anniversary. PHOTO courtesy TRUMPF. 

The TRUMPF Group says it has reason to celebrate this year beyond its centennial anniversary. It turns out the company is experiencing considerable revenue growth.

Based on preliminary calculations, revenue in the fiscal year 2022/23 (balance sheet date June 30, 2023) came in at 5.4 billion euros (fiscal year 2021/22: 4.2 billion euros).

In the domestic market of Germany, revenue rose sharply by more than 30 percent to some 770 million euros (previous year: 589 million euros). In the U.S., TRUMPF continued the strong growth of the previous year, posting revenue of some 900 million euros (previous year: 649 million euros). The strongest Asian market was China with revenue of some 600 million euros (previous year: 575 million euros).

Furthermore, German high-tech company TRUMPF is starting the new fiscal year with a bulging order book: incoming orders once again surpassed the five-billion-euro mark at 5.1 billion euros, but were down by some 9 percent on the peak level of the previous year. (Fiscal year 2021/22: 5.6 billion euros). 

“Despite ongoing difficult conditions, we achieved an outstanding fiscal year in our centennial. Nevertheless, we have been witnessing a decline in orders in recent months due to the global economic slowdown. As such, we are entering the new fiscal year with due caution in spite of a solid order book,” Nicola Leibinger-Kammüller, Chief Executive Officer (CEO) of TRUMPF, remarked

The TRUMPF Group’s headcount has now risen to around 17,900.

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