Rofin-Sinar reports encouraging interim results

Share this on social media:

Rofin-Sinar Technologies has announced the results for its third fiscal quarter and nine months ended 30 June. Third quarter order entry, sales and net income increased by 68 per cent, 44 per cent and 297 per cent respectively, year-over-year.

'Our third quarter results demonstrate a considerable improvement in order entry and sales, as well as net income, primarily driven by increased sales to the machine tool, semiconductor, electronics and photovoltaic industries. We nearly doubled our operating margin, which improved to 11 per cent of net sales. These results reflect an improved macro economic climate, especially throughout the Asian markets, and the excellent execution of our strategy by the Rofin team,' said Gunther Braun, CEO and president. 'With continued improvement in market sentiment and our solid order backlog, broad technologies expertise and geographic footprint, we are confident about our future prospects.'