FOCUS BUSINESS NEWS
FOCUS BUSINESS NEWS
Growth in industrial lasers, microelectronics and optical systems leads to record financial results
l Trumpf, IPG, Coherent and Jenoptik all report significant growth
l Global politics has had little effect on business so far, Trumpf says
Records in both annual sales and orders received have been broken by laser manufacturers throughout 2017, with Trumpf and IPG Photonics exceeding €3 billion and $1 billion in annual sales for the first time respectively, and Coherent receiving over $2 billion in annual orders. Photonics group Jenoptik also posted record order intake at €576 million for the first nine months of the year.
Prevailing over politics In addition to exceeding €3 billion in annual sales for the first time, Germany-based Trumpf reported pre-tax income increases of 11.3 per cent to €337.2 million and increases in orders received of 21 per cent to €3.4 billion over its 2016/17 fiscal year ending 30 June 2017. Performance was particularly impressive in South Korea, where sales increased 58 per cent to €211 million, making the region Trumpf’s fourth- largest market worldwide this year. Trumpf, which now employs more than 12,000 people, attributes its upturn in sales to the strong global economy, according to CEO Dr Nicola Leibinger-Kammüller, who stated that political developments worldwide have had little impact so far on business in Europe, Asia and the Americas. ‘The prevailing strength of the global
economy has been outweighing potential impediments to investing: pledges of protectionist measures, the Chinese government’s approaches to disseminating information, and the UK’s exit negotiations with the European Union,’ she said. ‘All the same, we do forecast clouds over the investment landscape in the medium term.’ Germany continued to be the largest
single market for the firm, with sales of €622 million, followed by the United States
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(€421 million), China (€404 million) and South Korea (€211 million). Markets in Western Europe also performed well, with year-on-year sales growing 55 per cent in the Netherlands and by 28 per cent in Italy. Trumpf expects orders received and sales to continue to rise in this fiscal year as well.
Industrial laser growth For US firm IPG Photonics, after reporting annual sales exceeding $1 billion at the start of the year, revenue and net income for the first nine months of 2017 were $1.05 billion and $294.7 million respectively, up 44 per cent and 59 per cent compared to the same period last year. Throughout the third quarter of 2017,
the fibre laser manufacturer generated revenue of $392.6 million and a net income of $115.6 million, a significant 48 per cent and 69.2 per cent increase year-over-year respectively. The results were driven mainly by a
rapid growth in cutting, welding, and 3D printing applications, which saw materials processing sales increase by 52 per cent
“The prevailing strength of the global economy has been outweighing potential impediments to investing”
year-over-year, accounting for 95 per cent of the firm’s total sales throughout the quarter. Sales made to non-materials-processing markets declined by nine per cent year- over-year.
China continued to demonstrate an
impressive performance throughout the quarter for IPG, with sales to the region increasing more than 70 per cent year-over- year. European sales increased by 50 per cent year-over-year, while sales to Japan decreased by 10 per cent. ‘Based on our third quarter
outperformance and current backlog, we are now targeting approximately 37 per cent to 39 per cent revenue growth for the full year, up from 32 per cent to 34 per cent previously,’ commented IPG CEO Dr Valentin Gapontsev. ‘This would represent our strongest annual revenue growth in six years.’
December 2017/January 2018 Electro Optics 21
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