Annual Report 2001 - KSPG AG

52
Management report on the Kolbenschmidt Pierburg Group
The divisions
MotorEngineering
MotorEngineering comprises the
exhaust gas measuring equipment,
workshop equipment, and flowmeter
product groups.
Industrial management
transferred
Within the Kolbenschmidt Pierburg
Group, Pierburg Instruments GmbH
had been the parent company for
MotorEngineering until December 31,
2001. As part of a joint venture and
since the turn of 2001/2002, AVL
Holding GmbH, Graz, Austria, has
acquired and held a majority stake in
Pierburg Instruments GmbH and has
taken over industrial management.
At the same time, the wholly owned
subsidiary Pierburg Instruments Inc.,
Auburn Hills, Michigan, USA, operating
in the American market for the development,
production and marketing of
flowmeter and exhaust gas measuring
equipment, was sold and transferred
as of January 1, 2001, to AVL Michigan
Holding Inc., Plymouth, Michigan, USA.
MotorEngineering 2000 2001
€million €million
Net sales 30.4 37.8
EBIT (1.2) 8.4
EBT (1.5) 7.5
Net income/(net loss) (0.7) 6.1
Capital expenditures 0.3 0.8
Headcount at Dec. 31 210 --
24-percent sales rise
In fiscal 2001, sales by MotorEngineering
were revved up by around 24 percent,
from €30.4 million to €37.8
million.
Pierburg Instruments GmbH generated
sales of €34.3 million in 2001 (up from
€25.6 million), the measuring equipment
for workshops group posting
sales of €10.6 million after €7.6 million
a year before. The sales gain over
2000 resulted from rising sales of
workshop measuring equipment to
a leading German carmaker.
In 2001, the flowmeters unit generated
sales of €4.8 million, thus missing the
previous year’s record by only €0.2
million. The relocation in December
2001 of the entire production line including
the test rigs led to the slightly
lower level over the previous year. The
launch of the KMA 121 new measuring
system was well received by the market,
a megaorder by a carmaker largely
contributing to the tall order backlog.
Assembling the
PLU 401/121 measuring unit
at the Neuss plant