Sales up for laser manufacturer

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Laser manufacturer Rofin-Sinar Technologies has announced improved sales figures compared to last year, with revenue rising eight per cent from $131 million to $142 million. Earnings per share, on a diluted business, were up 14 per cent from 28 cents to 32 cents.

Gunther Braun, CEO and president, said: 'Our fiscal year commenced with a very solid first quarter, with net sales, order entry and net income figures that exceeded our forecasts.

'The North American and European markets continued to deliver sales at last fiscal year's levels, while sales to the Asian markets were our third highest ever. We have experienced robust demand from the machine tool, automotive and medical device industries.

'Once again, the consumer electronic industry contributed increased revenues, whereas the semiconductor industry, as expected, softened. We expect global business conditions to improve throughout the calendar year, though of course with regional diversity.'