Engineering

Management report on the Group
2.3 Management report on the Group Results of operations of the business areas
All Components Technology plants
supplying the auto industry had a a good
workload in 2010/2011.
78 | 79
Sales in fiscal year 2010/2011 came to €4.0 billion, up 2% year-on-year. All sections of the business area
had good utilization rates, in many cases operating at their capacity limit. Orders in hand of around
€6.6 billion at September 30, 2011, mainly for long-term project business, secure both sales and capacity
utilization for a period considerably in excess of one year.
Earnings improved
With EBIT of €506 million, Plant Technology exceeded its prior-year earnings by €105 million. This pleasing
increase was mainly due to the billing of larger orders. EBIT margin at 12.6% was significantly higher than
the prior-year 10.2%.
Components Technology
Components Technology in figures
2009/2010 2010/2011 Change in %
Order intake million € 5,653 6,921 22
Sales million € 5,724 6,908 21
EBIT million € 252 543 115
EBIT margin % 4.4 7.9 —
Adjusted EBIT million € 301 503 67
Adjusted EBIT margin % 5.3 7.3 —
Employees (Sept. 30) 29,144 31,270 7
The Components Technology business area supplies a range of high-tech components for wind turbines,
construction equipment and general engineering applications. In the auto sector our activities are focused
on crankshafts, camshafts, steering systems and the assembly of axle modules.
Strong rise in orders and sales
Components Technology continued its good upward trend in 2010/2011. Order intake increased year-onyear
by 22% to €6.9 billion. This was due partly to global growth in the auto industry, both for cars and
trucks, and partly to a recovery in demand in general engineering and the wind energy sector. In the
automotive sector the markets in China and Brazil in particular showed dynamic growth; the trend in the USA
was also positive. The list of major orders received includes assembled camshafts and electromechanical
steering systems, passive and active suspension systems, machined and forged crankshafts and brake
components. All plants supplying the auto industry reported high capacity utilization. The construction
equipment industry also continued to recover, with impetus coming mainly from China, India and Russia.
Domestic business was likewise pleasing.
Sales followed the trend in orders and reached €6.9 billion, up 21% from the prior year. We thus achieved
our highest-ever order intake and sales in the reporting year.