Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

Rofin Sees Profitable Year Despite Lower Sales

Photonics.com
Nov 2015
PLYMOUTH, Mich., Nov. 12, 2015 — Citing cost-saving strategies and consolidation efforts, Rofin-Sinar Technologies Inc. achieved a 64 percent increase in profits in fiscal 2015 despite a modest decline in sales.

Net income for the fiscal year, which ended Sept. 30, was $41.3 million, or $1.46 per diluted share, compared with $25.2 million, or 89 cents per diluted share, in fiscal 2014.

Rofin attributed a 2 percent sales decline — from $530.1 million in fiscal 2014 to $519.6 million in fiscal 2015 — to fluctuations in the value of the U.S. dollar, primarily against the euro.

While sales of lasers for macro, micro and marking applications decreased overall, component sales grew by $5.9 million, or 8 percent, compared to the previous year. On a geographic basis, North American and Asian sales increased, while European sales went down.

Meanwhile, the company touted growing interest in its third-generation high-power fiber lasers.

"On a sequential basis, we were able to increase quarterly unit sales by roughly 50 percent, and it is our target to achieve a growth rate of this magnitude in fiscal year 2016," said President and CEO Thomas Merck.

Ultrashort-pulse lasers for the medical devices, automotive and photovoltaic industries constitute another growth area for the company, Merck said.

Although it anticipates a slower first quarter, Rofin projects revenues of $525 million to $545 million and earnings per diluted share of $1.70 to $1.90 in fiscal 2016.



Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.