Annual Report 2001 - Bohler Uddeholm materializing visions

Segment Reporting
STRUCTURES, PRODUCTS, MARKETS.
Forging technology products are manufactured
by Böhler Schmiedetechnik GmbH &
Co KG in Kapfenberg (Austria). Aircraft and
jet engine manufacturers represent the most
important market, which generates nearly 60%
of total division sales. Approximately 25% of
sales are registered in the steam and gas turbine
construction segment; another key market
is machinery and plant construction. The
division’s products are sold throughout the
world, with Europe, North America and Asia
as the major markets.
Key aggregates for production of these
components are the worldwide largest screw
press with 31,500 tonnes of pressure, drop-forging
hammers with 8 to 35 mt impact strength,
and open die hammers. This equipment is used
to produce technically demanding forged products
in small batches, in accordance with an
extensive quality control system.
Based on sales, the Forging Technology
Division is the smallest in the BÖHLER-UDDE-
HOLM Group but it is also the division that has
shown the strongest growth in recent years,
with its highly demanding project-based activities.
Many customers, especially in the aircraft
industry, include the division in the planning
and design of individual products, long before
the start of actual production.
BUSINESS OVERVIEW 2001.
Böhler Schmiedetechnik GmbH & Co KG
closed 2001 as the fifth record year in succession.
Both sales and earnings rose significantly
over the previous year, even though
the terrorist attacks in the USA had a severe
and lasting negative impact on the aviation
industry. The company operated at full capacity
throughout the reporting year, and was
able to increase market share in both the aircraft
and turbine construction segments. Prices
remained stable on average throughout 2001,
with volume sales rising substantially over the
prior year.
AIRCRAFT INDUSTRY.
Key customers are the aircraft manufacturers
Boeing and Airbus (EADS) and their
component suppliers, as well as the jet engine
manufacturers General Electric and Rolls Royce.
BÖHLER-UDDEHOLM supplies these companies
with structural parts and forged disks made
of titanium and nickel-based alloys and special
aircraft steels.
Key Segment Figures acc. to IAS in m€ 1999 2000 2001
Total sales 73.4 77.2 99.3
Intra-company sales 11.5 3.9 1.6
External sales 61.9 73.3 97.7
Earnings before interest and tax (EBIT) 10.9 11.1 14.4
Operating assets 60.0 56.9 98.7
Operating liabilities 8.1 13.8 24.6
CAPEX 3.9 3.8 3.6
Depreciation 2.5 2.6 2.2
Other non-cash income/expense 0.6 0.5 0.1
Employees 339 335 405
Forging Technology
Division
Sales in m€
73.4
1999 2000
EBIT in m€
77.2
10.9 10.8
1999 2000
Employees
339 335
1999 2000
99.3
2001
14.4
2001
405
2001
BÖHLER-UDDEHOLM Annual Report 2001 29