Business is up at Germany's Trumpf.

Sales at German tool and machinery company Trumpf grew 10 percent in 2007-2008, to 2.14 billion euros or $3.15 billion U.S. dollars, based on preliminary figures, officials said.

Trumpf President Nicola Leibinger-Kammüller said it was a good year.

"We are also very confident about the 12 months that lie ahead,” he said. “As things stand now, we are forecasting sales growth in the middle, single digit percentage range.”

Orders received grew by 5 percent compared with the previous year.

Sales were strongest for Trumpf in Eastern Europe and Western Europe, as well as the company’s domestic German market. United States sales were up as well, despite a slow national economy, officials added.