Trumpf reports profits
The Trumpf Group reported a profit for its financial year, ending 30 June, despite the collapse in the world economy.
During the 2008/2009 fiscal year, the German sheet metal processing technology company posted an income before taxes of € 52.2 million – although sales declined by 22% to €1.66 billion and orders declined 35% to €1.4 billion.
The company intends to continue investing, budgeting €80 million for new machines, plants and buildings for the current fiscal year. In the last fiscal year, fixed asset investments totalled €126 million, half spent in Germany.
Expenditure for research and development is also expected to remain high. Last year, Trumpf allocated 9.3% of sales – €155 million – to R&D.
