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10 Aug 2005
Including news from TRUMPF, Rofin-Sinar, Cambridge Display Technology and more.
• The TRUMPF group ended its fiscal year 2004/5 with sales up 14% to around EURO 1.4 billion, according to the company's preliminary figures. TRUMPF says this is the highest its sales have been in the history of the company. Incoming orders for the year also increased 12% to EURO 1.47 billion. "In the US and in Eastern Europe, we benefited from a very favorable investment climate. Western Europe also showed substantial improvement," commented the group's president Berthold Leibinger.
• Rofin-Sinar Technologies has posted third quarter net sales of $89.5 million, an increase of 9% over the comparable period in 2004. Net income amounted to $8.4 million, up 14% year-on-year. "We were able to compensate for the anticipated slowdown in our macro business from the machine tool and automotive industry with a favorable increase in our micro business," said Rofin's CEO Günther Braun. "We continue to benefit from our acquisition strategy, with PRC and Lee Laser contributing positively to the group's success."
• US-based infrared optics specialist II-VI Incorporated has reported record net earnings figures for fiscal 2005. For the 12 months ended June 30 2005, net earnings came in at $24.84 million compared with $17.33 million for fiscal 2004. Revenue for fiscal 2005 increased 29% to a record $194 million from $150 million in fiscal 2004. These results include contributions from Marlow Industries, who II-VI acquired in January 2005.
• Polymer OLED (P-OLED) developer Cambridge Display Technology (CDT) has released its second quarter results following its initial public offering in December 2004. Revenue for the quarter was $2.7 million compared with $1.6 million in the first quarter. Net loss was $6.7 million for the second quarter, bringing the net loss for the first six months of 2005 to $15.4 million. As of June 30 2005, CDT's cash and cash equivalents were $15.1 million. CDT intends to form a joint venture (JV) with Sumitomo Chemical in Japan and says that the JV will "significantly increase the effectiveness of the P-OLED supply chain and encourage even faster adoption of the technology by display producers."
• Medical laser maker Lumenis of Israel has seen its revenue rise to $71.6 million in its second quarter compared with $64.7 million in the prior quarter. The company also turned an operating loss of $1.8 million for the first quarter into an operating income of $2.6 million for its second quarter. Net loss in the second quarter was $3.1 million compared with a net loss of $5.8 million in the previous quarter. "This growth reflects continued strong momentum in the Americas and marked improvement in our business in Asia from the previous quarter," commented Lumenis' president Avnar Raz.
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