A strong demand from the consumer electronics industry made a significant contribution to the record quarterly financial results posted recently by Rofin-Sinar Technologies Inc. The company offers a range of laser products and related services for applications such as cutting, welding, marking, micro drilling and micro structuring.
In the October to December 2010 period, sales of lasers for marking and micro applications rose 72 percent – 53% of total sales - whilst sales of laser products for macro applications increased by 24 percent, accounting for 37% of total sales. Component sales also increased in the period by 43%, representing 10% of total sales. These results exceeded Rofin-Sinar’s original forecasts for the period. Stability within the North American market, a strengthening of European markets, sales to Asia, coupled with higher demand from the majority of the industries which they serve, marked a new quarterly record high.
The recent acquisition of Swiss LASAG AG, which closed in mid-October, also made a positive contribution to these results. Günther Braun, CEO and President of RSTI Commented “We believe that the recovering global macroeconomic climate and our backlog, which is one of the highest in our Company's history, provide us with a solid basis for the upcoming quarter.”
With operational headquarters in Plymouth, Michigan, and Hamburg, Germany, Rofin-Sinar Technologies Inc. designs, develops, engineers and manufactures laser sources and laser-based system solutions for a wide range of applications. With production facilities in the US, Germany, UK, Sweden, Finland, Switzerland, Singapore, and China, Rofin-Sinar is one of the world’s leading designers and manufacturers of industrial lasers and currently has more than 38,000 laser units installed worldwide and serves more than 4,000 customers.