Trumpf reports sales increase of 27 percent

At the end of the 2022/23 financial year, the Trumpf Group recorded a significant increase in turnover of 27 percent to 5.4 billion euros (2021/22 financial year: 4.2 billion euros), the highest turnover in the company's 100-year history to date. Order intake once again exceeded the 5 billion euro mark, but fell noticeably short of the previous year's record figure of 5.1 billion euros (financial year 2021/22: 5.6 billion euros). It therefore fell by 8.8 percent. Earnings before interest and taxes (EBIT) developed positively at 615.4 million euros, an increase of 31.4 percent compared to the previous year (468.4 million euros). As a result, Trumpf achieved an EBIT margin of 11.5 percent (previous year: 11.1 percent) despite higher raw material, logistics and personnel costs.

Individual markets and business divisions

Trumpf's strongest single market in terms of sales was the USA with 899 million euros (previous year 656 million euros). In the home market of Germany, sales increased to 779 million euros (previous year 589 million euros). China was the third largest single market and also the strongest Asian market. The company was able to increase sales there to 602 million euros (previous year 575 million euros).

Looking at the business segments, the machine tools segment accounted for the largest share at EUR 3.0 billion, up 32.8% on the previous year (previous year: EUR 2.3 billion), followed by laser technology at EUR 2.1 billion, up 28% (previous year: EUR 1.6 billion).

The EUV business again recorded strong sales growth of 22.2 percent to 971 million euros (previous year 795 million euros). The Trumpf Electronics division, which is based in Freiburg and Warsaw and is reported in the Laser Technology division, achieved record sales of 546 million euros (previous year 344 million euros). This corresponds to an increase of 58 percent.

Development of employee numbers

The number of employees increased by almost 2,000 in the reporting period. New jobs were created in the growth areas of EUV and electronics in particular. As at June 30, 2023, the company employed 18,352 people worldwide (previous year: 16,554).

In Germany, the number of employees rose by 8.4% to 9,124 (previous year: 8,417). Of these, 5,767 work at the headquarters in Ditzingen, Gerlingen and Hettingen. In the reporting year, 550 young people completed an apprenticeship or course of study at the Cooperative State University. At 3.5%, the rate was slightly higher than in the previous year (3.3%).

The number of employees in research and development rose by 8.8% to 2,853 (previous year: 2,623). At 476 million euros, expenditure on research and development was significantly higher than in the previous year (448 million euros). In relation to the increase in turnover, the development cost ratio fell slightly to 8.9% (previous year 10.6%), but is still at a high level that is above the industry average, according to the company.

Investments and acquisitions

In the past financial year, Trumpf invested more than ever before. Investments in land and buildings, technical equipment and operating and office equipment rose by 44.7 percent compared to the previous year (218 million euros) to a record high of 316 million euros. The Group made 59.1% of its investments in Germany. Around 45 percent of this was attributable to construction investments, most of which were made at the headquarters in Ditzingen. This is a continuation of construction projects already started in previous years. 28.2 percent of our investments were made in the rest of Europe. 6.1 percent of investments were made in America and 6.7 percent in Asia.

In February 2023, Trumpf agreed a strategic partnership for smart factory solutions with Stopa, one of the leading manufacturers of automated storage systems. In this context, the company acquired a 25.1 percent stake in Stopa. In March 2023, the stake in Auroma Technologies (USA) was also increased from 85% to 100%.

Nicola Leibinger-Kammüller, CEO of Trumpf, said at the annual press conference in Ditzingen that the growth in turnover was partly due to the resolution of problems in the supply chain. "As a result, we had a high order backlog that we were able to work off. Since the spring, however, we have felt a decline in demand in many markets. In view of the difficult overall economic development, I am therefore very cautious about the coming months."