ISMR November 2021 | Page 8

The TRUMPF Group Management Board .

GENERAL NEWS

Record orders for TRUMPF

High-tech sheet metal specialist , TRUMPF ,
euros , Germany is still TRUMPF ’ s largest
recently presented its figures for the
single market , closely followed by China ,
fiscal year 2020 / 21 . Despite coronavirus
the largest single market in Asia . Having
restrictions , it recorded a slight increase in
experienced weak growth the previous
sales revenues of 0.5 per cent to 3.50 billion
year , in China sales revenues grew by 50.7
euros ( fiscal year 2019 / 20 : 3.48 billion euros ).
per cent to 525 million euros . The thirdlargest
Order intake value increased significantly
market for TRUMPF was the USA
by 19.7 per cent to a record level for the
( 485 million euros ). In fourth place is the
company at 3.9 billion euros ( fiscal year
Netherlands as the largest European single
2019 / 20 : 3.3 billion euros ).
market with 460 million euros , due to its
At 370 million euros , the Group ’ s
EUV business with client ASML .
operating earnings before interest and tax
Once more , the number of employees
( EBIT ) grew very positively by 19.5 per-
at TRUMPF grew over the course of the
cent compared to the fiscal year 2019 / 20
reporting period . The two growth areas ,
( 309 million euros ). Despite the low level of
EUV and Electronics in particular , saw the
sales revenues in the first half of the year ,
creation of new jobs .
TRUMPF was able to stabilise earnings by
With effect from 16 July 2020 , TRUMPF
increasing productivity , changing the product
sold its majority stake in BeSpoon
mix and consistently cutting non-personnel
SAS to semiconductor manufacturer
costs . In the second half of the year ,
STMicroelectronics as part of a strategic
earnings increased significantly as a result
partnership in UWB positioning technology .
of higher sales revenues . Due to investment
Under a contract dated 18 March 2021 ,
restraint , the company achieved an EBIT
TRUMPF acquired the Spanish sheet metal
margin of 10.5 per cent ( previous year : 8.9
software provider , Lantek .
per cent ).
TRUMPF remained a highly researchintensive
Nicola Leibinger-Kammüller , President
company in fiscal year 2020 / 21 . At
of the Group Management Board of
382 million euros , research and development
TRUMPF , said : “ Owing to our systematic
costs were slightly higher than the previous
crisis management , TRUMPF managed
year ’ s figure ( 377 million euros ). In relation to
to survive the pandemic well . Due to a
sales revenues , the development cost ratio
strong rise in demand , we entered the new
thus increased to 10.9 per cent ( previous
fiscal year with an unexpectedly high order
year : 10.8 per cent ).
intake . Nevertheless , there will still be a
Despite the coronavirus pandemic
lot of uncertainty over the coming months
spanning its complete financial year from
on how chip shortages in global supply
July 2020 to June 2021 , TRUMPF Limited
chains , inflation and increasing energy costs
- based in Luton , UK – registered sales
and their effect on transportation costs
worth £ 40 million . It particularly highlighted
and transportation capacity will affect our
high sales of TRUMPF ’ s punching machine ,
business .”
TruPunch 5000 , with connected advanced
With sales revenues worth 579 million
automation and storage systems . n

Supply chain and labour challenges

Engineering and construction costs continued to rise in October , according to IHS Markit ( and the Procurement Executive Group , PEG ). The October 2021 headline IHS Markit PEG Engineering and Construction Cost Index increased 8.6 index points to 74.2 from September , indicating price increases were more widespread in October than the previous month . The sub-index for materials and equipment costs rose to 77.4 , while the subcontractor labour index registered at reading of 66.5 in October .
“ Prices for ocean freight from Europe and Asia to the United States continued to rise , recording the twelfth consecutive month of increases . The electrical equipment sub-index set a survey high in October of 88.5 as supply chain constraints continue to drive price increases . The carbon steel pipe sub-index is still above 50 , signalling prices are still increasing , though increases are becoming less widespread . The steel pipe sub-index totalled 67.6 in October , much lower than the peak level of 90 recorded in July ,” said the analyst .
“ Steel pipe production is rising globally as high prices and strengthening demand incentivise mills to increase output . Despite the increases , production remains below optimal levels as mills struggle to find and hire workers and welded pipe producers face shortages of hot-rolled sheet and record-high prices ,” said IHS Markit .
“ Seamless pipe mills have faced less of a constraint on the availability of raw materials and less cost pressure . Seamless mills are also leading the rebound in manufacturing activity , and in many cases are taking market share from welded pipe suppliers . Prices will remain high but appear near an inflection point as hotrolled sheet prices start to turn lower in many markets , late in 2021 or early 2022 .”
The sub-index for current subcontractor labour costs came in at 66.5 in October , an increase from September ’ s index figure of 61.0 . According to survey responses , labour costs continued to expand in all regions of the United States and Canada . n
8 | sheetmetalplus . com | ISMR November 2021