PDF (10.9MB) - ThyssenKrupp AG

More documents

Recommendations

Info

2.3 Management report on on the Group Results of of operations of of the the business areas areas 78% of Plant Technology’s new orders came from regions outside the EU EU in in 2010/2011. Plant Technology Plant Technology in figures 2009/2010 2010/2011 Change in % Order intake million € 3,859 4,475 16 Sales million € 3,931 4,004 2 EBIT million € 401 506 26 EBIT margin % 10.2 12.6 — Adjusted EBIT million € 401 506 26 Adjusted EBIT margin % 10.2 12.6 — Employees (Sept. 30) 12,972 13,478 4 The product portfolio of Plant Technology includes chemical plants and refineries, equipment for the cement and minerals industries, equipment for the mining and extraction of raw materials, and production systems and assembly lines for the auto industry. Continuing good order situation The business area benefited from a favorable investment climate worldwide in the past fiscal year. Order intake increased by 16% to €4.5 billion. A major part in this pleasing performance was played by our plants for the cement, minerals and mining sectors and our production systems and assembly lines for the auto industry, where orders were in some cases more than 20% up from the prior year. Plant Technology is active globally. In 2010/2011 the most important regions outside Europe were Asia with 28% of new orders, America with 22% and Africa with 16%. 22% of orders came from the European Union. Newly acquired projects include two coke plant orders for customers in South Korea and Germany. In addition we received orders for two coal handling plants in India and South Africa. Orders from customers in Mexico, China and Indonesia contributed to the pleasing performance in the cement, minerals and mining business. Some projects were delayed due to the political unrest in North Africa and the Middle East Plant Technology order intake Plant Technology EBIT in million €, quarter on quarter rate of change in million €, quarter on quarter rate of change Q1 1,324 Q1 Q2 (38)% 824 Q2 Q3 (3)% 800 Q3 Q4 + 14% 911 Q4 2009/2010 2009/2010 Q1 + 12% 1,016 Q1 Q2 (12)% 896 Q2 Q3 + 22% 1,097 Q3 Q4 + 34% 1,466 Q4 2010/2011 2010/2011 (12)% (8)% + 13% + 5% + 30% (6)% (2)% 78 111 98 90 102 107 139 131 129
Management report on the Group 2.3 Management report on the Group Results of operations of the business areas All Components Technology plants supplying the auto industry had a a good workload in 2010/2011. 78 | 79 Sales in fiscal year 2010/2011 came to €4.0 billion, up 2% year-on-year. All sections of the business area had good utilization rates, in many cases operating at their capacity limit. Orders in hand of around €6.6 billion at September 30, 2011, mainly for long-term project business, secure both sales and capacity utilization for a period considerably in excess of one year. Earnings improved With EBIT of €506 million, Plant Technology exceeded its prior-year earnings by €105 million. This pleasing increase was mainly due to the billing of larger orders. EBIT margin at 12.6% was significantly higher than the prior-year 10.2%. Components Technology Components Technology in figures 2009/2010 2010/2011 Change in % Order intake million € 5,653 6,921 22 Sales million € 5,724 6,908 21 EBIT million € 252 543 115 EBIT margin % 4.4 7.9 — Adjusted EBIT million € 301 503 67 Adjusted EBIT margin % 5.3 7.3 — Employees (Sept. 30) 29,144 31,270 7 The Components Technology business area supplies a range of high-tech components for wind turbines, construction equipment and general engineering applications. In the auto sector our activities are focused on crankshafts, camshafts, steering systems and the assembly of axle modules. Strong rise in orders and sales Components Technology continued its good upward trend in 2010/2011. Order intake increased year-onyear by 22% to €6.9 billion. This was due partly to global growth in the auto industry, both for cars and trucks, and partly to a recovery in demand in general engineering and the wind energy sector. In the automotive sector the markets in China and Brazil in particular showed dynamic growth; the trend in the USA was also positive. The list of major orders received includes assembled camshafts and electromechanical steering systems, passive and active suspension systems, machined and forged crankshafts and brake components. All plants supplying the auto industry reported high capacity utilization. The construction equipment industry also continued to recover, with impetus coming mainly from China, India and Russia. Domestic business was likewise pleasing. Sales followed the trend in orders and reached €6.9 billion, up 21% from the prior year. We thus achieved our highest-ever order intake and sales in the reporting year.
Page 1:
Annual Report 2010/2011 At the cent
Page 4 and 5:
Our mission statement We are Thysse
Page 6 and 7:
Our capabilities Material We combin
Page 8 and 9:
Making tomorrow possible Our engine
Page 10 and 11:
Letter to shareholders Dr.-Ing. Hei
Page 12 and 13:
Letter to shareholders To assist ou
Page 14 and 15:
Contents Our mission statement C2 F
Page 17 and 18:
To our shareholders To our sharehol
Page 19 and 20:
Solutions for many sectors In the f
Page 21 and 22:
To our shareholders 1.1 To our shar
Page 23 and 24:
To our shareholders Edwin Eichler a
Page 25 and 26:
To our shareholders Wilhelm Segerat
Page 27 and 28:
Page 29 and 30:
Page 31 and 32: To our shareholders 1.2 To our shar
Page 45 and 46: To our shareholders 1.4 1.4 To To o
Page 49 and 50: Management report on the Group Mana
Page 51 and 52: Lightening the load The challenge o
Page 53 and 54: Management report on the Group 2.1
Page 55 and 56: IPO: Sale of a company to investors
Page 81: Management report on the Group 2.3
Page 105 and 106: Management report on the Group 2.5/
Page 129 and 130: Consolidated fi nancial statements
Page 131 and 132: Using space better The challenge of
Page 133 and 134:
3.1 Consolidated financial statemen
Page 135 and 136:
Consolidated financial statements 3
Page 137 and 138:
Consolidated financial statements 3
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Consolidated financial statements A
Page 179 and 180:
Guarantees include contingent liabi
Page 181 and 182:
22 Financial instruments Consolidat
Page 183 and 184:
Interest rate swaps and cross curre
Page 185 and 186:
Page 187 and 188:
Consolidated financial statements T
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
million € For the fiscal year end
Page 195 and 196:
The reconciliations of sales, incom
Page 197 and 198:
Page 199 and 200:
Page 201 and 202:
Page 203 and 204:
Page 205 and 206:
Page 207 and 208:
Fully consolidated group companies
Page 209 and 210:
Page 211 and 212:
Page 213 and 214:
Page 215 and 216:
Page 217 and 218:
Page 219 and 220:
Page 221 and 222:
Page 223 and 224:
Equity-stated companies (*=Joint Ve
Page 225 and 226:
Other associated affiliates (*=Join
Page 227 and 228:
Auditors’ Auditor’ report Repor
Page 229 and 230:
Additional information How have Thy
Page 231 and 232:
Making things more effi ciently The
Page 233 and 234:
4.1 Additional information Multi-ye
Page 235 and 236:
4.2 Additional information Other di
Page 237 and 238:
4.3 Additional information Other di
Page 239 and 240:
4.5 Additional information Index 4.
Page 241 and 242:
4.6 Additional information List of
Page 243 and 244:
4.8 Additional information Contact
show all

PDF (10.9MB) - ThyssenKrupp AG

Create successful ePaper yourself

Delete template?

Save as template?