At the end of the 2022/23 financial year on June 30, 2023, the TRUMPF Group recorded a significant increase in sales of 27 percent to 5.4 billion euros (fiscal year 2021/22: 4.2 billion euros), making it the highest sales in 100 years to date Company history. Order intake once again exceeded the 5 billion mark, but remained noticeably behind the previous high from the previous year of 5.1 billion euros (fiscal year 2021/22: 5.6 billion euros). This means it fell by 8.8 percent.
Operating earnings before interest and taxes (EBIT) developed positively at 615.4 million euros and increased by 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 increased raw material, logistics and personnel costs.
Largest individual markets
With 899 million euros (previous year: 656 million euros), the USA was TRUMPF's single market with the highest sales. Sales in the home market of Germany increased to 779 million euros (previous year: 589 million euros). The third largest individual market and at the same time the strongest Asian market was China. TRUMPF was able to increase sales there to 602 million euros (previous year: 575 million euros).
Individual business areas
When looking at the business areas, the machine tool sector had the largest share with 3.0 billion euros, which increased by 32.8 percent compared to the previous year (previous year 2.3 billion euros, followed by laser technology with 2.1 billion euros, which was an increase of 28 percent (previous year: 1.6 billion euros).
The EUV business once again recorded strong sales growth of 22.2 percent to 971 million euros (previous year: 795 million euros). The TRUMPF electronics division based in Freiburg and Warsaw, which is accounted for by laser technology, achieved record sales of 546 million euros (previous year: 344 million euros). This corresponds to an increase of 58 percent.
Number of employees
During the reporting period, the number of TRUMPF employees increased by almost 2,000. New jobs were created, particularly in the growth areas of EUV and electronics. As of June 30, 2023, the company employed 18,352 people worldwide (previous year: 16,554).
In Germany, the number of employees rose by 8.4 percent to 9,124 employees (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 training or studies at the dual university. At 3.5 percent, the rate was slightly higher than in the previous year (3.3 percent).
TRUMPF is a research-intensive company that far exceeds the industry average. The number of employees in research and development rose by 8.8 percent to 2,853 (previous year 2,623). At 476 million euros, expenses for research and development were significantly more than in the previous year (448 million euros). In relation to the increased sales, the development cost ratio fell slightly to 8.9 percent (previous year: 10.6 percent), but was at a high level and still above the industry average.
Acquisitions and investments
In the past financial year, TRUMPF invested more than ever before. Investments in land and buildings, technical systems 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. TRUMPF made 59.1 percent of the investments in Germany. Around 45 percent of this went to construction investments, most of which were carried out at the headquarters in Ditzingen. This is a continuation of the construction projects that had already begun in previous years. 28.2 percent of our investments were made in the rest of Europe. 6.1 percent of investments went to America and 6.7 percent to 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, TRUMPF acquired a 25.1 percent stake in STOPA Anlagenbau GmbH. STOPA supplies, among other things, automated storage systems for TRUMPF's smart factory solutions. Customers can use this to automatically load and unload their machines and network them logistically.
“Our anniversary year was an extraordinarily successful one for TRUMPF. In addition to the general increase in demand for all TRUMPF products, the increase in sales was particularly due to the elimination of problems in the supply chain that led to delivery delays in the previous year. As a result, we had a high order backlog that we were able to process. Since spring, however, we have noticed a decline in demand in many markets. Given the difficult overall economic development, I am therefore very cautious about the coming months,” says Nicola Leibinger-Kammüller, Chairwoman of the TRUMPF Board of Management.
