PDF (10.9MB) - ThyssenKrupp AG
PDF (10.9MB) - ThyssenKrupp AG
PDF (10.9MB) - ThyssenKrupp AG
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Management report on the Group<br />
2.3 Management report on the Group Results of operations of the business areas<br />
China’s first TWIN elevators will transport<br />
hotel guests faster in in Dalian.<br />
Elevator Technology order intake Elevator Technology EBIT<br />
in million €, quarter on quarter rate of change in million €, quarter on quarter rate of change<br />
Q1 1,230 Q1<br />
Q2 (1)% 1,215 Q2<br />
Q3 + 14% 1,390 Q3<br />
Q4 (9)% 1,264 Q4<br />
2009/2010<br />
2009/2010<br />
Q1 + 3% 1,306 Q1<br />
Q2 + 4% 1,358 Q2<br />
Q3 (3)% 1,320 Q3<br />
Q4 (2)% 1,297 Q4<br />
2010/2011<br />
2010/2011<br />
76 | 77<br />
The upward trend in elevators was felt in both the new installation and service businesses. Pleasing growth<br />
was achieved in the Asian region in particular. The main growth driver in China was the new installation<br />
business, which profited from numerous new infrastructure projects. The Indian and Brazilian markets also<br />
continued to grow at a strong pace, while volumes in North America improved only slightly under the<br />
influence of the general economic situation in the USA. The European operations were steady. Demand for<br />
new installations in the Iberian peninsula was weaker. Through market-oriented measures we further<br />
increased service volumes and the number of maintenance units under contract in all important regions.<br />
Order volumes for escalators and passenger boarding bridges were significantly higher; both businesses<br />
recorded increasing demand, particularly from Asia, mainly due to dynamic growth in China. Orders for stair<br />
lifts and home elevators were unchanged from the prior year.<br />
Slight fall in earnings<br />
The business area generated EBIT of €801 million. The figure includes special items of €160 million<br />
because a fine imposed by the EU Commission in 2007 for anticompetitive practices was paid back in part.<br />
Excluding this special item, adjusted EBIT came to €641 million, and was therefore steady year-on-year. We<br />
achieved improved earnings above all in Brazil and Asia. EBIT margin rose from 12.4% to 15.2%; adjusted<br />
for the special item it came to 12.2%, compared with 12.4% in the prior year.<br />
(1)%<br />
(1)%<br />
(4)%<br />
+ 10%<br />
(14)%<br />
+ 3%<br />
+ 120%<br />
165<br />
163<br />
162<br />
156<br />
171<br />
147<br />
151<br />
332