Revenue in the fiscal year July 2010 through June 2011 at Rohde & Schwarz (Munich, Germany) jumped 25 percent increase over last year's level to €1.58 billion. The size of workforce reached an all-time high of 8,400 employees by the end of the fiscal year.
Worldwide investments also reached their highest levels ever, especially a €130 million in new production facilities and €228 million in research and development. This was the company’s best ever results in terms of revenue, investments and number of employees.
“We are back on track for growth, and have actually exceeded our sales targets by a wide margin,” said Manfred Fleischmann (picture right), President and CEO of Rohde & Schwarz.
The strongest growth area in the past fiscal year was test and measurement instruments for mobile radio including a boom in smartphones and tablet PCs, and the kickoff of LTE. “The sudden surge in demand created a special challenge for our production plants,” said Fleischmann. “We responded by increasing the production capacity of our Memmingen and Teisnach plants in Germany and of our Vimperk plant in the Czech Republic.”
Positive developments in the wireless communications market, particularly in the US and China saw these two countries among the top contributors to total group revenue. The company also expanded its global market share in aerospace and defense.
The company’s broadcasting business improved year on year and it maintained its position as the global market leader for digital terrestrial TV transmitters. The successful takeover of Hanover-based DVS Digital Video Systems AG, a manufacturer of hardware and software for professional film and video post production, was another contributing growth factor.
The company says results in the secure communications and the radiomonitoring and radiolocation business fields were more moderate due to a number of factors, including the consolidation of public spending in 2010/2011. However both fields made positive headway in the past fiscal year.
In the past fiscal year, the family-owned company continued to forge ahead with its global strategy by expanding activities in the US and Asia. It plans to improve its portfolio for the regional growth markets in these countries and is therefore focusing on the rapid expansion of its market position in the US and its R&D center in Singapore. In addition, production plants set up in Singapore at the beginning of 2011 and in Malaysia in July 2011 bring production geographically close to the company’s R&D activities at its Asian headquarters.