MUNICH, October 22, 2010 /PRNewswire/ -- Despite a challenging economic environment, Rohde & Schwarz closed the past fiscal year (July 2009 through June 2010) with a positive operating result. The group of companies recorded a turnover of EUR 1.3 billion, slightly above the previous fiscal year's level. As soon as the economic crisis took hold, the Executive Board set a course based on rigorous cost management combined with the continued implementation of all growth-promoting measures. The launch of new product lines and the ongoing improvement in business since the end of 2009 contributed to the good results. Rohde & Schwarz started the new fiscal year with its workforce still numbering 7400 employees. The family-owned company continued to forge ahead with its global orientation, especially through the expansion of activities in Asia. The company maintained its high level of investment in research and development at 15 percent of turnover.
Manfred Fleischmann, President and CEO of Rohde & Schwarz, commented on the current annual report: "Thanks to a strong finish, we completed fiscal year 2009/2010 with a considerably better result than we expected at the beginning. Now we have to take the positive momentum and carry it over into the new fiscal year in order to be able to focus our efforts again on sustained growth."
Europe (headquarters): Adriana Olivotti, Phone: +49-89-4129-13956, E-mail: firstname.lastname@example.org
More information is available on the Internet at http://www.press.rohde-schwarz.com.
SOURCE Rohde & Schwarz