In 2015 the Upper Austrian laser manufacturer reported record earnings of more than 100 million euros. The positive annual results showed growth of 42% over the previous year. The exceptional growth was attributed to three areas: a solid increase in core markets, significant advancement in new product development, and an acquisition of laminate production in the US. Two thirds of the sales increase resulted purely from organic growth.
"This past year, we broke through the barrier of 100 million euro; a goal we set for ourselves in 2008. Trotec's key factors for success are the ongoing expansion of our technological leadership and consistent focus on customers and their needs. I am proud we have reached the target througn the consistent implementation of our strategy," explains President Andreas Penz.
The sales in Germany and the US were particularly strong in 2015; and the future expectations in these markets continue to look very positive. While mid-term growth is mainly expected in the Asian market. Trotec has more than 450 employees and production sites in Austria, Germany and the USA. To better support the growing Asian market, a plant in China is currently under construction. The technology leader is characterised by a direct sales organisation which is rigorously trained through the company's globally consistent in-house Academy.
Headquartered in Wels, Trotec is a manufacturer of laser enquipment for cutting, engraving and marking as well as laser and rotary consumable materials. With 16 sales subsidiaries strategically located around the globe, 70% of the Trotec team members are employed in locations outside Austria. Trotec's export share is 97%, and the growth trend continues steadily with an average growth rate of 24% over the past 15 years. The entry into new product areas such as in-house production of engraved materials through the acquisition of Innovative Laminations Company in 2015 and the development of the large format business ensure the company's continued growth.
Trotec has already set new goals now that the company has reached the 100 million euro revenue goal set in 2008. As the first and most valuable point of contact for all laser users worldwide, Trotec will continue to pursue a path of growth.