In May this year the MTA forecast growth in UK machine tool sales of 5.9% in 2008. Trumpf UK not only beat that prediction it almost doubled it. The company added nearly £4m in sales for the year 2007/8 by comparison with the previous twelve months.
MACH represented a huge financial commitment for Trumpf UK in 2008 but as MD Hartmut Pannen stressed, “It’s vital for suppliers and customers to meet at industry events such as these to improve and optimise the manufacturing process. But it’s not just about the individual ability of a particular exhibitor. The collective talents of all involved have a bearing on the ability of British manufacturing to compete favourably in a global economy.” In fact Trumpf UK had its largest MACH stand ever this year and it was rewarded with record high visitor numbers.
During the last financial year Trumpf UK has also significantly added to its headcount. In 2006/7 its staff amounted to 73 people, today it is 83. And most importantly three of these new additions are engineering apprentices.
Overall the Trumpf Group closed the 2007/2008 fiscal year (July – June) with new record numbers. It recorded an 11% rise in sales to 2.14 billion Euros. At the same time, income before taxes increased to 301 million Euros. The net operating margin reached 14.1 percent. As part of the overall growth, Trumpf created 697 new jobs of which 291 are in Germany. On 30th June 2008, the company employed about 8,000 people worldwide.