Rofin-Sinar Technologies (RSTI) expects its third quarter revenues to be up to $135 million after a second quarter, ending 31 March 2012, that saw demand from the machine tool industry recover.
While RSTI experienced a slow start to its second financial quarter at the start of 2012, as the new year has progressed there has been more business in the medical device and solar industries and an increase in demand for machine tools.
‘We were able to improve gross margins on a sequential basis due to a favourable product mix and improved manufacturing cost,’ said Günther Braun, chief executive officer and president of RSTI. ‘We are cautiously optimistic, given the current booking trend with strong order entry in February and March, that we will deliver better results in the upcoming quarters.’
The predicted third quarter sales of $135 million will follow a net second quarter sales total of $129.4 million. Over the first and second quarters of RSTI’s financial year net sales totalled $261.0 million. Of this total, net sales in North America in the first six months increased by 7 per cent to reach $54.9 million.
