After Germany, with sales of around €580m, the largest individual markets are China with around €525m, the USA with around €485m, and the Netherlands with around €460m, due to the EUV business with ASML.

The high-tech company is also starting the new fiscal year with bulging order books: incoming orders rose by 20% to €3.9bn (fiscal 2019/20: €3.3bn).

Nicola Leibinger-Kammüller, chairwoman of the Trumpf Group executive board, said: “We have started the new fiscal year with stable sales and very good incoming orders. They result, among other things, from strong economic impulses from China, which come from electronics applications and the demand for our lasers for electromobility.

“However, there is also an unmistakable upturn in the economy in Europe, which we are registering in the machine tool sector. Nevertheless, uncertainty remains as to how the stability of global supply chains and the handling of the coronavirus pandemic will develop.”

The number of employees group-wide rose slightly to 14,800. In Germany, there were around 7,600 employees as of the reporting date of 30 June, 2021, including around 4,400 at the headquarters in Ditzingen.