Trumpf records high growth, but remains cautious

Trumpf records high growth in all business sectors The Trumpf Group ended fiscal 2000/2001 (July 1, 2000 to June 30, 2001) with record results.

Trumpf records high growth in all business sectors The Trumpf Group ended fiscal 2000/2001 (July 1, 2000 to June 30, 2001) with record results.

Consolidated sales rose to Euros 1.22 billion/US $1.09 billion (previous year: Euros 1.01 billion/US $896 million).

This figure represents an increase of 21 percent.

There was also an increase in the number of orders received.

They rose 13 percent to Euros 1.24 billion/US $1.14 billion.

During the past fiscal year, Trumpf strengthened its position as the world market leader for industrial lasers and furthered its position as a leading machine tool manufacturer.

Trumpf profited in all areas from the strong demand for high technology and from a generally favourable economic situation, despite the weakened economy during the second half of the fiscal year ( January to June 2001).

The highest growth rates were registered in the laser technology and electronics sectors.

The proportion of consolidated sales of laser technology-related products increased to 65 percent.

The Trumpf Group achieved strong growth in Western Europe (+15 percent), and very strong growth in Germany (+20 percent).

Trumpf's highest rates of growth occurred in the Asia-Pacific region (+58 percent), where they built upon the previous year's growth, and in Eastern Europe, where they achieved an above-average increase in sales (+62 percent).

In North America, where the investment climate cooled sharply, the company still managed to increase its sales in US dollar by +3 percent, and its sales in Euro, due to exchange rate effects, by +15 percent.

Overall, 68 percent of consolidated sales were achieved outside Germany.

Earnings before interests and taxes (EBIT) increased by 22 percent to Euros 145 million/US $125 million.

This is equivalent to a pre-tax yield of 11.9 percent.

The annual net profit for the Trumpf Group amounted to Euros 95 million/US $81 million.

The positive development in earnings was due to the introduction of innovative new products, productivity increases, and also the tremendous sales expansion.

Cash flow after taxes totaled Euros 116 million/US $100 million (+24 percent).

The equity ratio amounted to 44 percent.

The overall number of Trumpf employees rose by 9 percent to 5,219 (as of June 30, 2001).

In Germany, the personnel figure increased by 5 percent to 3,416, and outside Germany by 18 percent to 1,803.

Trumpf invested approximately 7 percent of its revenue - or Euros 83 million/US $71 million (+21 percent) - in tangible and intangible assets.

Capacity was expanded at central production locations worldwide.

Construction of a new distribution centre, measuring 9,000m2 recently began in Ditzingen, Germany.

A total of Euros 70 million/US $63 million (+29 percent) was invested in research and development.

The R and D quota now amounts to 5.8 percent of sales.

This R and D figure is exceeded in TRUMPF's laser and electronics unit and is now far into double digits.

Outlook: Cautious Optimism In the light of the current world events, the company is expecting its business activities in fiscal 2001/2002 to be more subdued.

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