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Trumpf Group ended the fiscal year with declining sales and order intake. According to preliminary calculations, the company generated sales of 5.2 billion euros (fiscal year 2022/23: 5.4 billion euros) and order intake of 4.6 billion euros (previous year: 5.1 billion euros) in the fiscal year 2023/24.
In its domestic market of Germany, sales rose by around 4.5% to around 815 million euros (previous year: 779 million euros). However, Trumpf was unable to match the strong growth in the USA experienced in the previous year with sales dropping 12% to around 790 million euros (previous year: 899 million euros). The strongest Asian market was China with sales of around 615 million euros (previous year: 602 million euros). For the first time in years, Germany was Trumpf’s largest single market.
Trumpf CEO Nicola Leibinger-Kammüller said: “The weak global economy and the ongoing geopolitical uncertainties led to a noticeable reluctance among many customers to make new investments in the past fiscal year. The persistently weak demand will also characterise the coming months of the current fiscal year. As usual, Trumpf is countering this economic crisis with clear measures to improve earnings.”
Meanwhile, the number of employees across the Group rose to around 18,550. About 9,100 people were employed in Germany as of June 30, around 6,000 of whom worked at the company’s headquarters in Ditzingen.