Record revenue for Rohde & Schwarz

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Rohde & Schwarz has reported its best ever revenue results for the fiscal year July 2010 to June 2011. The electronics group's revenue reached €1.58bn for the period, a year on year increase of 25%.

The company also announced that its workforce reached an all time high of 8400 employees by the end of the fiscal year, along with record levels of global investment – primarily in new production facilities and R&D. According to Rohde & Schwarz, its strongest growth driver in the past fiscal year was mobile radio test and measurement, driven by the continuing boom in smartphones and tablets, as well as the burgeoning LTE market. Manfred Fleischmann, president and ceo of Rohde & Schwarz, pictured, said: "The sudden surge in demand created a special challenge for our production plants. We responded by increasing the production capacity of our Memmingen and Teisnach plants in Germany and of our Vimperk plant in the Czech Republik." The company says it profited from positive developments in the wireless communications market, particularly in the USA and China - two countries among the top contributors to total group revenue. The firm achieved growth in the wide base market, especially in Europe, while it also expanded its global market share in aerospace and defence. Its broadcasting business also improved in 2010/2011 compared with the previous fiscal year, while its takeover of DVS Digital Video Systems, a manufacturer of hardware and software for professional film and video post production, was cited as another contributing growth factor. Rohde & Schwarz says it plans to improve its portfolio for the regional growth markets in the USA and Asia with additional production plants set up in Singapore at the beginning of 2011 and in Malaysia in July 2011. "We will continue to expand our position as a technological leader in the future to ensure that we can offer our customers the solutions they need to achieve success," said Fleischmann.