Engineering

2.3 Management report on on the Group Results of of operations of of the the business areas areas
Materials Services achieved EBIT of of €478
million, €478 million, an improvement an improvement on the on good the
prior-year good prior-year figure.
figure.
Sales to the aerospace industry remained pleasing, but international direct-to-customer and project sales
were again characterized by very slow demand, extremely fierce competition and numerous order deferrals.
Raw materials sales of alloys, metals and coke/coal showed a mixed picture. Whereas the alloy business
was largely steady, shipments and sales of metals decreased significantly. Demand and prices for coke and
minerals were at a very high level over large parts of the fiscal year. Further large orders and new projects
had a favorable impact on our steel mill services in Brazil, and capacity utilization in Germany was also
significantly better than a year earlier.
Adjusted EBIT improved by 40%
The economic recovery and sustainable cost reductions in almost all areas are reflected in the business
area’s earnings. Materials Services achieved EBIT of €478 million in 2010/2011, compared with
€463 million in the prior year.
Whereas the prior-year earnings included disposal gains of €81 million from the sale of the Industrial
Services companies, the sale of the Xervon group led to disposal losses of €55 million in the reporting year.
Adjusted EBIT improved significantly from €382 million by €151 million or 40% to €533 million; the adjusted
EBIT margin increased from 3.0% to 3.6%.
Elevator Technology
Elevator Technology in figures
2009/2010 2010/2011 Change in %
Order intake million € 5,099 5,281 4
Sales million € 5,188 5,253 1
EBIT million € 646 801 24
EBIT margin % 12.4 15.2 —
Adjusted EBIT million € 646 641 (1)
Adjusted EBIT margin % 12.4 12.2 —
Employees (Sept. 30) 44,024 46,243 5
The Elevator Technology business area supplies passenger and freight elevators, escalators and moving
walks, passenger boarding bridges, stair and platform lifts as well as service for the entire product range.
Over 900 locations worldwide form a tight-knit sales and service network that keeps us close to customers.
Order intake and sales at high levels
Elevator Technology stood up well in 2010/2011 and continued its positive performance. Compared with the
prior year we improved order intake by 4% to €5.3 billion and sales by 1% to likewise €5.3 billion.
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