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Investment at all facilities Efforts to globalise and boost efficiency are pillars of the division’s growth strategy. Heating Technology and Sanitary Equipment Division Last financial year the Heating Technology and Sanitary Equipment Division again invested in all its facilities in an effort to further boost productivity, flexibility and quality. Worthy of spe- cial mention is the launch of new facilities in Riesa, Germany, for manufacturing convector heaters. The flexibility and efficiency of these new facilities have helped strengthen one of the division’s classic competitive advantages by enabling further reductions in delivery times. At the Arbon facility, the division commissioned new wet coating equipment which extends the range of colors, particularly for small batches, and enables specific customer requirements to be met to even shorter delivery deadlines. In Plattling, the division invested in manufacturing equipment to rationalise the production of flat radiators and shower stalls. After production at the Str ˇíbro works in the Czech Republic was expanded in 2004, during the year under review the focus was on optimising quality and productivity. The final phase of the implementation of the SAP R/3 system at the Arbon (Canton Thurgau) and Riesa facilities was completed successfully. The new software system ensures that all the division’s facilities are now optimally networked. The resulting gains in flexibility and transparency have already had a positive impact on an operational level. Outlook: Consolidated market position and further international expansion The division anticipates a tough operating environment for the current year as well. In Germany, for example, the new federal government is planning to significantly increase the burden on private individuals and corporations, and the construction industry will continue to feel the effects of the complete abolition of the homeowner’s tax deduction. In Switzerland, the division’s second home market, the current figures for residential planning permission indicate a positive trend for 2006. Residential construction activity is forecast to stabilise at a high level in the medium term. The environment will remain very challenging in 2006, and the division will continue to respond with an absolute commitment to the needs of its customers and the market. A good international reputation and the brand equity of Arbonia, Kermi and Prolux are the basis of strong customer relationships which enable the division to act as a reliable partner to wholesalers, architects, planners and tradespeople. In 2006, these qualities will again be rounded off by consistent top quality and a broad service offering. The Heating Technology and Sanitary Equipment Division intends to use its strong position in its home markets as a basis for pursuing its strategy of globalisation further in 2006. It will do so through intense efforts to expand country-specific product portfolios, especially for shower screens, and by penetrating new markets. At the same time the division will consolidate its position in its home markets by building its innovation and design expertise further, and optimising cost structures and production processes.
in CHF million 2005 2004 2005 2004 2005 2004 2005 2004 2005 2004 Heating Technology and Sanitary Equipment: key figures Net sales EBITDA EBIT 35.7 43.0 EBIT in % of net sales 6.7 % 57.7 8.0 % Headcount (full-time equivalent) 68.8 261 2711 530. 540.7 28 2 The bathroom: an oasis of wellbeing — The bathroom is increasingly one of the most important living spaces in the home. What was once a utilitarian place for washing has become an oasis of wellbeing – a place to retreat, relax and regenerate from the stress of everyday life. And this means expectations are higher too. People want beautifully designed bathrooms which function perfectly, and are prepared to invest accordingly. This development is opening up new opportunities for the Heating Tech- nology and Sanitary Equipment Division and its portfolio of outstanding designer radiators and high-end shower stalls. And all the more so given that each of its brands, Arbonia, Kermi and Prolux, is clearly positioned in this segment and offers a range of products systematically geared to the new bathroom trend – a fact underscored by numerous contemporary awards and design prizes.
Page 1 and 2: Annual Report 2005 Value added.
Page 3 and 4: Windows and Doors 19.4 % Steel Tech
Page 5: Content Report Section 3 Financial
Page 8 and 9: Milestones 2005 October — 3 Octob
Page 10 and 11: Report of the Board of Directors ca
Page 12 and 13: Report of the Board of Directors Co
Page 14 and 15: Message of the Chairman of the Boar
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Primary reporting format - business
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The amounts recognised in the incom
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Earnings per share Bearer shares 96
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43 Taxes 98 99 The tax on the Group
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46 Related party transactions — M
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Explanation to certain positions of
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To the General Meeting of AFG Arbon
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Balance Sheet Assets 112 113 2005 2
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5 Investments Company P = Productio
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To the General Meeting of AFG Arbon
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History Development of AFG Arbonia-
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Asta AG Industriestrasse 12 P.O. Bo
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Important Dates, Contact Important
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Division Heating Technology and San
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