Amid Sales Slump, TRUMPF CEO Says Company has Hit "Lowest Point"
TRUMPF has ended its fiscal year, confirming an anticipated decline in sales and order intake. According to preliminary calculations, in the fiscal year 2024/2025 (ending June 30, 2025), the company generated sales of €4.3 billion (approximately $5.1 billion). The figure compares to the previous year’s €5.2 billion in generated sales, with an order intake of €4.2 billion (previous year €4.6 billion).
In its home market of Germany, sales fell by 15% to around €700 million. Despite the decline, Germany remained TRUMPF's strongest single market in terms of sales. The company also saw a decline of 17% in the U.S. market to ~€660 million ( approximately $777 million). China remained the strongest Asian single market with sales of around €480 million, despite a decline of 22%.
“There were no signs of a real turnaround in the third consecutive year of crisis, either economically or geopolitically. Nevertheless, we believe that we have now reached the lowest point," said TRUMPF CEO Nicola Leibinger-Kammüller. "Order intake and sales have stabilized at what we of course consider to be an overly low level."
She added that TRUMPF responded to the continuing weak demand with clear measures to improve earnings. These included job cuts and cuts in external services and new investments in buildings.
“These measures are working,” said Leibinger-Kammüller. “We have achieved something almost unbelievable and saved around 350 million euros. This was a feat for the company, and, at times, was reminiscent of a drastic cure.”
The company recently divested its additive manufacturing business, which included both laser metal fusion and powder bed fusion technologies. The move highlighted TRUMPF’s strategic focus on its industrial core businesses amid declining sales numbers and order intake. In its 2023/24 annual report, the company noted exposure to fierce competition, with the market being characterized by price-sensitive customers and a mix of established competitors and startups with new technologies. The company also noted saturation in the photovoltaic and datacom markets.
TRUMPF’s fiscal year, 2023/24 saw an order intake slump of 10.4% compared to the previous year’s already declining numbers.
“These figures, which we attribute largely to the weak global economy and increased geopolitical uncertainties, have prompted us to take rigorous measures with regard to non-personnel and personnel costs,” TRUMPF CEO Nicola Leibinger-Kammüller said in the 2023/24 annual report.
TRUMPF said at the time that it sees opportunities to strengthen its position in machine tools and lasers, with portfolio expansion for networked production and its global service network as potential catalysts.
The company will publish the final figures for fiscal year 2024/25 at its annual press conference later this year, on October 22.
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