PDF (7.3 MB) - GILDEMEISTER Interim Report 3rd Quarter 2012

More documents

Recommendations

Info

36Results of Operations, Financial Position and Net Worth: Results of Operationsbusiness reportFinancial Position / Net Worth(previous year: 48.9%); this development arose mainly from the increased proportionof the material-intensive “Energy Solutions” in total operating revenue. It accounted for16.2% (previous year: 10.9%). Gross income improved by € 21.6 million (3.7%) to€ 605.4 million; the gross profit margin amounted to 44.1% (previous year: 51.1%)caused by the rise in the materials ratio.Employee expenses fell by € 12.9 million to € 333.2 million (previous year:€ 346.1 million). The employee expenses ratio improved to 24.3% (previous year: 30.3%).More detailed information can be found in the “Employees” chapter on page 66 et seq.The balance of other expenses and income amounted to € 197.7 million (previousyear: € 176.8 million). Other operating expenses decreased by € 10.2 million to€ 253.1 million (previous year: € 263.3 million). The decrease was achieved througheffective cost reduction management. Expenses for rentals and leases decreased mainlythrough the discharge of leasing agreements to € 25.2 million (previous year:€ 29.1 million). Other operating income declined to € 55.4 million (previous year:€ 86.5 million); this includes essentially the dissolution of provisions as well as currencygains. Further details on the breakdown of other operating expenses and income canbe found in the Notes to the Consolidated Financial Statements on page 156 et seq.Depreciation amounted to € 29.5 million (previous year: € 29.1 million).The net financial costs changed due to the noticeably worse interest conditions by€ –13.4 million to € –38.1 million (previous year: € –24.7 million).The tax ratio amounted to 34.2% (previous year: 33.8%); tax expense amounted to€ 2.2 million (previous year: € 2.4 million).The earnings margins, which are determined on the basis of total operating revenue,have developed as follows: The gross profit margin amounted to 44.1% (previous year:51.1%). The ebitda margin reached 5.4% (previous year: 5.4%) and the ebit margin3.3% (previous year: 2.8%). The ebt margin decreased slightly to 0.5% (previous year:0.6%). Taking the tax expenses into consideration, the annual net income marginamounted to 0.3% (previous year: 0.4%).development of margins at the gildemeister groupin %20102009Gross profit44.151.1ebitdaebitebt0.50.63.32.85.45.4Taxes on profit– 0.2– 0.2Annual profit0.30.4-10 0 10 20 30 40 50
Results of Operations, Financial Position and Net Worth: Results of Operations 37In the financial year 2010; the value added of the gildemeister group amounted to€ 378.9 million and was thus at the previous year’s level (€ 378.8 million).distribution of value addedin the gildemeister groupin %Employees2010200988.191.6CompanyLendersShareholders /minority interestsGovernment1,00.10.01.20.60.610.36.5business reportFinancial Position / Net WorthThe following table shows the value added statement in detail:value added statementChanges againstof the gildemeister group 2010 2009 previous year€ million % € million % € million %SourceSales revenues 1,376.8 96.4 1,181.2 96.1 195.6 16.6Other revenues 52.1 3.6 48.9 3.9 3.2 6.5Operating performance 1,428.9 100.0 1,230.1 100.0 198.8 16.2Cost of materials 768.1 53.7 559.8 45.5 208.3 37.2Depreciation 29.5 2.1 29.1 2.4 0.4 1.4Other expenses 252.4 17.7 262.4 21.3 – 10.0 – 3.8Purchased materials and services 1,050.0 73.5 851.3 69.2 198.7 23.3Value added 378.9 26.5 378.8 30.8 0.1 0.0DistributionEmployees 333.9 88.1 346.9 91.6 – 13.0 – 3.7Companies 3.9 1.0 0.2 0.1 3.7 1,850.0Lenders 38.9 10.3 24.7 6.5 14.2 57.5Shareholders / minority interests 0.0 0.0 4.6 1.2 – 4.6 – 100.0Government 2.2 0.6 2.4 0.6 – 0.2 – 8.3Value added 378.9 100.0 378.8 100.0 0.1 0.0
Page 1 and 2: annual report 2010www.gildemeister.
Page 3 and 4: detailedinformationto the groupKey
Page 5 and 6: cooperation sustains innovationmach
Page 7 and 8: 03124 214Consolidated Financial Sta
Page 9 and 10: 0512145 _ _ _ _ _septemberAt the im
Page 11 and 12: Report of the Supervisory Board07re
Page 13: Report of the Supervisory Board09re
Page 16 and 17: eport supervisory board /letter fro
Page 18 and 19: 12 The Executive BoardLetter from t
Page 20 and 21: 12 The Executive BoardLetter from t
Page 26 and 27: 18Business Environment: Overall Eco
Page 28 and 29: 20Business Environment: Development
Page 30 and 31: 22Business Environment: Development
Page 32 and 33: 24cooperation sustains innovationhi
Page 34: 26cooperation sustains innovationhi
Page 37 and 38: 295-axis universal machining centre
Page 39 and 40: Results of Operations, Financial Po
Page 46 and 47: 38Results of Operations, Financial
Page 52: 44Results of Operations, Financial
Page 69 and 70: 61global service cooperationworldwi
Page 72 and 73: cooperation marketsThe broadly-posi
Page 74 and 75: 66Business Report forgildemeister A
Page 76 and 77: 68Corporate Situation: Employeesqua
Page 78 and 79: 70Corporate Situation: Corporate Go
Page 86 and 87: 78Corporate Situation: gildemeister
Page 88 and 89: 80Corporate Situation: gildemeister
Page 90 and 91: 82Corporate Situation: Organisation
Page 92 and 93: 84Corporate Situation: Organisation
Page 94 and 95:
86Corporate Situation: Research and
Page 96 and 97:
88Corporate Situation: Research and
Page 98 and 99:
90Corporate Situation: Purchasing a
Page 100 and 101:
92Corporate Situation: Production,
Page 102 and 103:
94Corporate Situation: Production,
Page 104 and 105:
96Corporate Situation: Corporate Co
Page 106 and 107:
98cooperation sustains innovationco
Page 108 and 109:
100cooperation sustains innovationt
Page 110 and 111:
gildemeister energy solutionsExtens
Page 112 and 113:
104Business Report forgildemeister
Page 114 and 115:
106Business Report forgildemeister
Page 116 and 117:
108Opportunities and Risk Report: O
Page 118 and 119:
110Opportunities and Risk Report: R
Page 120 and 121:
112Opportunities and Risk Report: s
Page 122 and 123:
114Forecast Report: Future Business
Page 124 and 125:
116Forecast Report: Future Developm
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
122Forecast Report: General stateme
Page 132 and 133:
124Consolidated Financial Statement
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Page 166 and 167:
Page 168 and 169:
Page 170 and 171:
Page 172 and 173:
Page 174 and 175:
Page 176 and 177:
Page 178 and 179:
Page 180 and 181:
Page 182 and 183:
Page 184 and 185:
Page 186 and 187:
Page 188 and 189:
Page 190 and 191:
Page 192 and 193:
Page 194 and 195:
Page 196 and 197:
Page 198 and 199:
Page 200 and 201:
Page 202 and 203:
Page 204 and 205:
Page 206 and 207:
Page 208 and 209:
Page 210 and 211:
Page 212 and 213:
Page 214 and 215:
206 Consolidated Financial Statemen
Page 216 and 217:
Page 218 and 219:
Page 220 and 221:
Page 222 and 223:
214 Group Overviewgildemeister grou
Page 224 and 225:
216Group Overview: Multiple Year Ov
Page 226 and 227:
218 GlossaryCommercial Glossaryabs
Page 228 and 229:
220GlossaryTechnical GlossaryAdvanc
Page 230 and 231:
222 Financial Calendar17 March 2011
Page 232:
MONTFORT WERBUNGIf your mobile tele
show all

PDF (7.3 MB) - GILDEMEISTER Interim Report 3rd Quarter 2012

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?