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TRUMPF recorded a fiscal year 2019-2020 (ending June 30, 2020) decline in sales revenue of 8%, to €3.5 billion, compared to €3.8 billion for fiscal year 2018-2019. The company’s order intake fell to €3.3 billion, down €0.4 billion year over year, representing a drop of 11%. TRUMPF sales revenues exceeded incoming orders by €210 million.
At €309 million, the group’s operating earnings before interest and taxes (EBIT) also declined in line with sales and fell by 11.5% compared to fiscal year 2018-2019 (€349 million). Due to the scaling back of capital expenditure and nonpersonnel costs as well as efficiency improvements, the company reported an overall return of 8.9%, down from the…READ MORE