Annual Report 2007 - Muehlhan AG

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Develop our business from the local sites … 20
The marine markets are interconnected around the world. Ostensibly. At second glance, they are the result of a system that is quite regionalized. The business grows out of the local sites. Even our existing partner companies, small and large, make decisions and take action purely at the local level. We adapt to this by developing our business from stable branch offices using local strategies. Using short communications channels from the local sites to Hamburg and back, we accelerate the necessary coordination and decision-making processes, and with controlling throughout the Group, we ensure profitability. In the future, we will develop our business even more from the markets – close to the customers and directly at the project. ... with local strategies 21
Page 1 and 2: Annual Report 2007
Page 3 and 4: The Group is represented locally in
Page 5 and 6: Content 2 ManageMent 2 Foreword 5 E
Page 7 and 8: ManageMent divisions share Group Ma
Page 9 and 10: Executive Bodies executive board Dr
Page 19 and 20: One is successful not primarily as
Page 21 and 22: Continued and consistently good bus
Page 23: ManaGeMent divisions share Group Ma
Page 27 and 28: ManaGeMent divisions share Group Ma
Page 29 and 30: In our industry segments, a technol
Page 31 and 32: ManaGeMent divisions share group Ma
Page 37 and 38: We issued a letter of credit for uS
Page 53 and 54: Retained earnings Equity Minority i
Page 63 and 64: 3. FINANCIAL ASSETS ManaGeMent divi
Page 65 and 66: sand (previous year: Eur 13,053 tho
Page 71 and 72: other provisions developed as follo
Page 73 and 74: eakdown by divisions: ManaGeMent di
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ManaGeMent divisions share Group Ma
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ManaGeMent divisions share Group Ma
Page 79 and 80:
Statement of the Auditors´ Report
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ussia Muehlhan Morflot OOO 198035 S
Page 83 and 84:
Contacts and Financial Calendar mue
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Annual Report 2007 - Muehlhan AG

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