Trumpf presents figures for fiscal year 2022/2023: Sales increase by 27 percent to 5.4 billion euros, EBIT rises by 31 percent to 615 million euros. The number of employees worldwide increased by almost 2,000 to 18,400, in Germany by 700.
At the close of fiscal year 2022/2023 on June 30, 2023, the Trumpf Group recorded a significant 27 percent increase in sales to 5.4 billion euros (fiscal year 2021/2022: 4.2 billion euros), the highest sales figure ever in the company’s 100-year history. Order intake again exceeded the 5 billion mark but fell noticeably short of the previous record level of 5.1 billion euros (fiscal 2021/2022: 5.6 billion euros). This represents a decrease of 8.8 percent. Earnings before interest and taxes (EBIT) developed positively at 615.4 million euros, up 31.4 percent from 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 higher raw material, logistics and personnel costs.
Largest individual markets
Trumpf’s strongest single market in terms of sales was the USA with 899 million euros (previous year 656 million euros). In the home market of Germany, sales also increased significantly to 779 million euros (previous year 589 million euros). The third largest single market and also the strongest Asian market was China. There, Trumpf was able to increase sales to 602 million euros (previous year 575 million euros).
Looking at the business areas, the largest share was accounted for by the machine tool sector with 3.0 billion euros, up 32.8 percent from the previous year (2.3 billion euros), followed by laser technology with 2.1 billion euros, up 28 percent (1.6 billion euros). The EUV (Extreme Ultra-Violet) business again recorded strong growth in sales of 22.2 percent to 971 million euros (previous year 795 million euros). The Freiburg and Warsaw-based Trumpf Electronics division, which is accounted for through Laser Technology, achieved record sales of 546 million euros (previous year 344 million euros). This corresponds to an increase of 58 percent.
Development of employee numbers up to June 30, 2023
The number of Trumpf employees increased by almost 2,000 in the reporting period. New jobs were created in the growth fields of EUV and electronics in particular. 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 (previous year: 8,417). Of these, 5,767 work at the headquarters in Ditzingen, Gerlingen and Hettingen. In the year under review, 550 young people completed an apprenticeship or a course of study at the Cooperative State University. At 3.5 percent, the rate was slightly higher than in the previous year (3.3 percent).
Trumpf is a research-intensive company far above the industry average. The number of employees working in research and development rose by 8.8 percent to 2,853 (previous year: 2,623). At 476 million euros, research and development expenditures were significantly higher than in the previous year (448 million euros). In relation to the increase in sales, the development cost ratio fell slightly to 8.9 percent (previous year: 10.6 percent), but remained at a high level, still above the industry average.
Investments and acquisitions
In the past fiscal year, Trumpf invested more than ever before. Capital expenditures on land and buildings, technical equipment and office furniture and equipment rose by 44.7 percent compared with the previous year (218 million euros) to a record high of 316 million euros. Trumpf made 59.1 percent of its investments in Germany. Around 45 percent of this was accounted for by construction investments, most of which were made at the company’s headquarters in Ditzingen. This is a continuation of construction projects already started in previous years. 28.2 percent of our investments were made in the rest of Europe. America accounted for 6.1 percent of capital expenditures, and Asia for 6.7 percent.
In February 2023, Trumpf agreed on 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 it to automate the loading and unloading of their machines and to network them logistically.
In March 2023, we increased our stake in Auroma Technologies Co. Dba Access Laser Company (USA) from 85 percent to 100 percent. Nicola Leibinger-Kammüller, Chairwoman of the Executive Board of Trumpf, summed up at the annual press conference in Ditzingen: “Our anniversary year was an extraordinarily successful one for Trumpf. In addition to the general upturn in demand for all Trumpf products, the growth in sales was due in particular to the resolution of supply chain problems that led to delivery delays in the previous year. As a result, we had a high order backlog that we were able to work off. Since the spring, however, we have felt a decline in demand in many markets.”