Trumpf reports decline in sales and orders received for fiscal year 2019/20

Trumpf GmbH & Co. KG, Ditzingen, Germany, has released financial results for its fiscal year 2019/20, which ended on June 30, 2020. The group, which develops and provides a range of manufacturing solutions, including metal Additive Manufacturing machines and solutions, posted a decrease in sales of around 8%. 

According to preliminary calculations, sales for the group amounted to €3.5 billion, down from €3.8 billion in 2018/19 fiscal year. Orders received fell by 11% to €3.3 billion, down from €3.7 billion in 2018/19. 

The biggest single markets after Germany, which saw sales of approximately €610 million, were the USA at €490 million and the Netherlands at around €480 million, followed by China at €350 million.

Nicola…


Source link

About coldfusion

Check Also

Is It Time For Big Oil To Split Up?

Last October, a hedge fund disclosed a stake worth $750 million in Shell and urged …

Leave a Reply

Your email address will not be published. Required fields are marked *