Annual report 2012 - VDL

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Innovation Our overall policy is focused on innovation in connection with products and production methods. We continuously seek the best techniques and invest in the most advanced machinery. Every day we are involved in the latest developments to strengthen our competitive position on the world market. The head office of VDL Groep is based in Eindhoven, and subsidiary companies are concentrated in Southeast Brabant. This top technology region, Brainport Eindhoven, is an excellent home base for our company. Here we are able to realize high-tech products and projects in collaboration with educational institutions, government and other companies. From this location we have succeeded in establishing unique collaborative ventures with various customers, in which we, as an authoritative supplier, provide highly innovative technical solutions developed through open innovation. In 2012 we spent 62 million euro on research and development, and a total of 633 employees were involved in R&D-related activities across all VDL companies. That places VDL Groep in 13th place in the “Technisch Weekblad” index, making us one of the most innovative companies in the Netherlands. Once again in 2013 we will be investing heavily in innovation, with a view to further strengthening our position. Strategy VDL Groep aims at controlled development, in which the control of the organization and the maintenance of the financial positions are the main considerations. The policy of VDL Groep is aimed at continuous improvement of its competitive position. An essential aspect of this is the analysis and control of costs. VDL Groep also endeavours to maintain the highest level of quality in all its subsidiaries. The investments are therefore geared towards the renewal, improvement and expansion of the product range and the production facilities. In addition, a priority in our personnel policy is to ensure internal promotion possibilities of employees. VDL Groep believes in the importance of continued manufacturing in the Netherlands and the Flanders region of Belgium, in a competitive manner. Through our investments in solid professional skills, as well as in robotization and automation, we aim to continuously improve our competitive position in the international market. In addition, our industrial activities in Eastern Europe and Asia enable us to respond to the specific wishes of our customers in terms of production in these regions. As a result of our sales branches in various countries and our extensive network of importers and agencies, we are able to sell our products worldwide. Despite the expansion of VDL Groep and the increasingly international character of the company, however, VDL is and will remain a family business. 36
Prospects Turnover in the first quarter of 2013 was higher than in the first quarter of 2012. The result, however, was lower. Following a deep point at the beginning of the year, the order book expanded significantly again. For the full year 2013, we expect the turnover to be higher than in 2012. The result is expected to come close to that of 2012. The flexibility of our employees and cooperation within our company will certainly enable us to realize the best possible outcome for 2013. Eindhoven, 24 May 2013 The Board of Directors, Wim van der Leegte (Chairman) Wim Maathuis Jan Mooren Theo Toussaint Rini Vermeulen 37
Page 1: VDL Groep annuAl report 2012
Page 4 and 5: Contents 3 Financial highlights 4 P
Page 6 and 7: Profile VDL Groep VDL Groep is an i
Page 9 and 10: Report of the Board of Directors 20
Page 11 and 12: TURNOVER PER COUNTRY (in million eu
Page 15 and 16: Metalworking Turnover in the metalw
Page 17 and 18: BUSES & COACHES Public transport bu
Page 21 and 22: Second-hand buses The slight improv
Page 25 and 26: 2012 2011 million euro % million eu
Page 27 and 28: Modest improvement was seen in the
Page 31 and 32: 1,500 employees will initially rece
Page 33 and 34: EMPLOYEES BY GEOGRAPHICAL AREA (as
Page 37: Society We support dozens of initia
Page 42 and 43: Auditor’s report Statement concer
Page 44 and 45: SUBSIDIARIES VDL Groep bv Board of
Page 46 and 47: Subcontracting NSA Metaalindustrie
Page 48 and 49: Subcontracting VDL ETG Research bv
Page 51 and 52: Buses & coaches VDL Bus & Coach bv
Page 53 and 54: finished products VDL Agrotech bv D
Page 55 and 56: VDL Groep financial report 2012 53
Page 57 and 58: Liabilities 31 December 2012 31 Dec
Page 59 and 60: Statement of source and application
Page 61 and 62: Valuation principles for the balanc
Page 64: VDL Groep jaarverslag 2012

Annual report 2012 - VDL

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