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Trumpf Profits Climb 60% in 2014

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DITZINGEN, Germany, Oct. 16, 2014 — Profits for industrial laser maker The Trumpf Group shot up 61.2 percent in fiscal 2014, thanks to increased sales and acquisitions. The company reported earnings before taxes of €248 million (about $316.4 million), compared to €154 million (about $196.5 million) in fiscal 2013. Revenues were €2.587 billion (about $3.3 billion), the highest figure in the more than 90-year history of the company. Compared to the previous year's sales of €2.343 billion, this represents an increase of 10.4 percent. Orders rose by 16 percent to €2.70 billion (about $3.4...Read full article

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    Published: October 2014
    BusinessEuropeGermanyindustrialLasers

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