Mechanical engineering: Trumpf increases its operating profit eightfold after a tough austerity program - yield in double digits for the first time again
The mechanical engineering company earns almost half a billion euros operationally. Chip technology sales and strong US business ensure optimism - but two important markets are weakening.
Trumpf, a machine builder and laser specialist, has returned to its previous profit strength, with earnings before interest and taxes (Ebit) increasing eightfold to 480 million euros in the year ending June 30. The company's revenue rose 0.2 percent to 4.34 billion euros, driven by a strong performance in the US, where sales grew 16.8 percent to 772 million euros.
Trumpf's chip technology business continues to thrive, with EUV laser sales to partner ASML increasing 9.2 percent to 791 million euros. The company's CEO, Nicola Leibinger-Kammüller, expects a trend reversal and cites opportunities in areas such as electromobility, semiconductors, and humanoid robotics.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
