Engineering

2.2 Management report on the Group Consolidated results of operations
2.2 Management report on the Group Consolidated results of operations
74 million vehicles are to to be produced
worldwide in in 2011, up 4% from the year
before before.
Automotive – Global automotive production is expected to increase by 4% to more than 74 million cars and
light trucks in 2011. In the USA, strong catch-up demand caused a sharp 11% rise in production. In China,
government curbs restricted growth to just 3%. The other BRIC countries, however, are reporting high
growth rates.
According to current estimates Western Europe will produce 15.0 million cars and light trucks in 2011, 3%
more than the year before. Most of this growth was attributable to auto manufacturers in Germany, whose
production was up year-on-year by over 6% to 6.1 million units. They profited from growth in exports and
higher new registrations. The market for heavy trucks in Germany was also positive.
Machinery – In the machinery sector, rising capital spending virtually worldwide led to high growth rates in
2011. Only in Japan is production expected to fall by 2% on account of the natural disaster and its
aftermath. Production growth of 15% is forecast in China and 13% in the USA.
The German machinery industry reported high order intake in 2011. Strong growth in domestic and foreign
demand at the beginning of the year slowed slightly from the summer months. Overall a 15% rise in
production is forecast for 2011. Capacity utilization is now back above the long-term average. The situation
for the German plant engineering sector and for elevators and escalators also improved.
Construction – The construction industry continued to show a very mixed regional picture in 2011.
Emerging markets such as China, India and Brazil recorded higher growth. In the industrialized countries
construction activity remained mainly weak. The situation on the US property market in particular remained
difficult.
The German construction industry was robust. Commercial and above all housing construction showed a
positive trend; the situation in public-sector construction remained weaker. German construction output is
expected to increase by 3.6% overall in 2011.
Business performance in the Group
ThyssenKrupp performed successfully in its operating business in the past fiscal year. Strong demand for
our products and services led to an appreciable rise in orders and sales. In addition, our measures to
improve our earnings structure took hold. Adjusted earnings before interest and taxes (adjusted EBIT)
reached €1.8 billion – an increase of 42%.
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