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

Results of Operations, Financial Position and Net Worth: Segmental Reporting 53share of individual segments /division in investmentsin %distribution of investment volumeby type of investmentin %2010: € 50.0 million 2010: € 50.0 million“CorporateServices” 14%“Services” 16%“EnergySolutions”25%„MachineTools“ 45%of which:Milling 27%Turning 11%Ultrasonic /Lasertec 2%gildemeisterBeteilig. ag 5%Other intangibleassets 5%Technical equipmentand machines 4%Financialassets 22%Goodwill 11%Capitaliseddevelopmentcosts 18%Other plants,factory andofficeequipment 21%Prepayments madeand consumption inprogress 16%Buildingsand land 3%business reportFinancial Position / Net WorthInvestments in the “Machine Tools” segment amounted to € 22.4 million (previousyear: € 19.2 million). The main focus was placed on further developing our innovativeproducts as well as on the provision of tools, fixtures, models and operating resources.The major part of the investment funds was allocated to the business areas of turningand milling.On 10 March 2010, we presented the new business area of large machines (dmgxxl machines) at the Bielefeld site for the first time. Over an area of about 850 squaremetres, our customers were able to gain a first impression of a new dimension in the fieldof large piece machining. At the Pfronten site, we optimised the assembly areas. We haveexpanded production capacity at our production site at famot in Pleszew, Poland, in orderto secure the internal supply of complex components within the group. To present ourhigh-precision hsc series (high speed cutting), the opening of the “hsc Center” in Geretsriedwill take place between 22 and 25 March 2011. Moreover, gildemeister Beteiligungenag invested in optimising business processes and it systems. Capitalised developmentcosts amounted to € 8.1 million. In the “milling” area, the new monoblock and eVolutionseries were the main focus of investments. In addition, we have pressed on with expandingour universal turning machines in the ctx series.At the end of the year, the “Machine Tools” segment had 3,097 employees (previousyear: 3,208). This represents 57% of total staff at the gildemeister group (previous year:59%). Compared to the previous year, we have reduced the number of employees by 111.Whilst we adjusted our personnel at our production sites in Germany and Italy, we havetaken on additional employees at our locations in Poland and China due to the growing needof assembly capacities for the ecoline series in the second half of 2010. We controlledsurplus capacity through short time working, especially in the first six months.During the third quarter, we were able to end short time working at all domestic sites.The personnel ratio in the “Machine Tools” segment amounted to 20.7% (previous year:22.9%); employee expenses amounted to € 159.1 million (previous year: € 173.6 million).