Results hailed as positive sign of recovery
A
Rofin-Baasel product story
Edited by the Engineeringtalk editorial team
Dec 8, 2003
Rofin-Sinar Technologies has published results for its fourth quarter and fiscal year 2003, which ended on 30th September 2003.
Rofin-Sinar Technologies has published results for its fourth quarter and fiscal year 2003, which ended on 30th September 2003.
Dr Peter Wirth, Chairman of the Board and CEO, commented: "We are proud to report record highs in sales and net income for the fourth quarter and fiscal year 2003.
This success confirms our overall global business strategy regarding markets and technology in a still fairly difficult business environment".
For the 12 months ended 30th September 2003, net sales totalled $257.7 million, which is 16.1% above the fiscal 2002 level.
Gross profit for the period amounted to $96.3 million (37.4% of net sales), up $17.5 million from $78.8 million (35.5% of net sales) in fiscal 2002.
Net income in fiscal 2003 increased by 206% to $15.3 million.
The weakening of the US dollar against the Euro had the effect of increasing net sales by $28.2 million in fiscal 2003 and reducing net income by $1.2 million.
Net sales of macro laser products increased by 16.5% to $136.7 million, while net sales of lasers for marking and micro applications increased by 15.7% to $121.0 million.
On a geographical basis, Rofin's net sales in North America in fiscal 2003 decreased by 9.5% and totalled $53.2 million, compared to $58.8 million in fiscal 2002.
In Europe/Asia, net sales increased by 25.4% to $204.5 million, from $163.1 million in the year ago period.
"Given our strong backlog of $59.0 million, we are well prepared for the start of our new fiscal year", Dr Wirth continued.
"We had a record order intake of $71.1 million in the fourth quarter and we experienced a substantial increase in orders for marking and micro applications.
We believe this is the first positive sign of a recovery in the semiconductor and electronics industry in the months to come".
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