Record Year for EOS: German Company Leads the World Market for Laser-Sintering Systems
14 Percent turnover growth confirmS EOS strategy AND the success of e-manufacturing
Munich Germany and Novi, MI, February 28th, 2008 - EOS is looking back at another very successful business year. In fiscal 2006/2007, the company increased sales by 14 percent, achieving a worldwide turnover of 59.7 million ($ 88 million) and registering nearly 50 new customers.
Moreover, EOS' order books for 2008 are filling rapidly. "We have successfully met the challenge of globalized competition," says Peter Klink, Executive Vice President at EOS. "Our export rate adds up to more than 70 percent, which corresponds to approximately 42 million EUR." An extremely strong sales driver in the last business year has been Central Europe, where EOS exceeded sales expectations by almost 30 percent. This region includes, among others, Germany, Austria and Switzerland, where collectively almost a third of all EOS laser-sintering systems are installed.
In the last business year, EOS showed particular strength in the tooling, dental and medical industries. Other important markets include aerospace applications and consumer goods such as designer lamps and interior furniture.
EOS staff has risen to 250 worldwide. As a result of the company's strong growth, EOS anticipates additional job openings, particularly in technical management and R&D. The high-tech company has already expanded its German headquarters, where 80 percent of its staff are based, by more than 10,000 square feet. Abroad, the highest staff growth is taking place in the US.
The consulting firm Simon-Kucher & Partners has recently welcomed EOS to the roster of the so-called "Hidden Champions," notes Dr. Christof Stotko, EOS Global Marketing Manager. "Hidden Champions are considered to be hidden market leaders," he explains. "They distinguish themselves through high growth, innovative power and globalization, which is why we are very pleased to be included in the top of the list. We are experiencing double-digit sales growth in the current business year, and we invest almost a fifth of our turnover into R&D activities. This will help us evolve from a hidden champion to a visible champion in the future."
Such positive results from EOS are supported by the company's recently published survey about the future prospects of e‑Manufacturing. In the opinion of respondents, individualized mass production ("mass customization") is gaining increasing importance in the Western world - creating ideal circumstances for EOS' continued market leadership and success in 2008 and beyond. A news release presenting the survey results is online at www.eos.info/news-events/press-releases/pressdetails/article/103/wie-sieht-di.html?L=1&tx_ttnews%5Byear%5D=2008&tx_ttnews%5Bmonth%5D=01&cHash=4510bcf784
About EOS of North America Inc.
EOS of North America Inc. sells, services, supports, and markets the entire EOS line of rapid prototyping, rapid tooling, and rapid manufacturing systems. This includes solutions for plastic laser-sintering as well as Direct Metal Laser-Sintering (DMLS). Founded in 1989, EOS GmbH is a world leader in the manufacture of laser-sintering systems. Laser-sintering is the key technology for e-Manufacturing: the fast, flexible and cost-effective production directly from CAD data. The technology accelerates product development and optimizes production processes. EOS has completed its business year 2006/2007 with revenues in laser-sintering of 59.7 million (approximately $88 million), which is an increase of 14 percent compared to the previous year. EOS GmbH is headquartered in Krailling/Munich, Germany. Further information about EOS is available at www.eos.info.
Press contact for further information / photos:
Martina Methner
EOS GmbH Electro Optical Systems
Robert-Stirling-Ring 1
D-82152 Krailling
Tel: +49 89 893 36-134
Fax: +49 89 893 36-288
Email: martina.methner@eos.info
Editorial contact:
Miles Parker, Parker Group
Email: team@parkergroup.com
Tel: 401-272-1510
Company contact:
Jim Fendrick
EOS of North America Inc.
28970 Cabot Drive, Ste. 700
Novi, MI 48377-2978
Tel: 248-306-0143
Fax: 248-306-0298
Email: jim.fendrick@eos.info
