Offering solutions to sectors with over 90 years of engineering experience, Trumpf Group acquired a very satisfying sales graphic in 2016. Observing an increase on sales compared to the last year, the firm aims to get bigger the next year.
Providing 3D printer manufacturing as well as laser cutting, automation and bending machines, Germany based Trumpf Group announced its sales report for 2016. Accordingly, the company experienced 2.81 billion growth and raised its expectations for 2017.
“Even though we were unable to keep sales growth as strong as in the previous fiscal year,” said Dr. Nicola Leibinger-Kammüller, President and Chairwoman of the TRUMPF Managing Board, “this result is still satisfactory in view of the global situation.” Here she mentioned the economic slowdown in China and Brazil, the sanctions against Russia, and also the strength of the Swiss franc.
She added that over the past fiscal year, TRUMPF had pressed ahead with several targeted investments in the future, including the development of new machines and business models, and structural expansion of locations in Germany and abroad.
Among the reasons for the increase in sales, the company mentioned developments in some regional markets. In Spain, for example, TRUMPF achieved double-digit sales growth. Growth in France was also in the double digits, regaining pre-recession levels. Sales in Germany grew by around 5 percent, to almost 600 million euros.
TRUMPF also achieved significant sales increases in Japan and the Asia-Pacific region. In China, however, economic growth cooled. According to preliminary calculations, revenues there totalled roughly 360 million euros – a decrease of around %2 over the previous year.