Rohlig Annual Report 2008.pdf - Röhlig
Rohlig Annual Report 2008.pdf - Röhlig
Rohlig Annual Report 2008.pdf - Röhlig
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MANAGEMENT REPORT | RÖHLIG GROUP<br />
18<br />
South Korea<br />
With exports accounting for around 40 per cent<br />
of gross domestic product, korea has signifi cant<br />
dependance on the development of world trade.<br />
consequently, the global fi nancial crisis, which<br />
reached korea in the second half of 2008, had a<br />
major impact on the economy there. Despite declining<br />
rates of economic growth, <strong>Röhlig</strong> managed<br />
to improve its gross profi t in korea by 20.8 per<br />
cent, which resulted in a larger than expected increase<br />
in net income.<br />
South Korea 2008 2007<br />
(40% share in capital) in Euro ’000<br />
Gross profi t 1,809 1,497<br />
Net income after taxes 456 220<br />
Net income from equity consolidation 182 88<br />
Employees 32 32<br />
Taiwan<br />
In Taiwan, the joint venture company that was cofounded<br />
in 2007 and in which Gebrüder Weiss<br />
and <strong>Röhlig</strong> each have a 35 per cent shareholding,<br />
has already generated a profi t within its fi rst full<br />
business year.<br />
Taiwan continues to play a leading role worldwide<br />
in a range of key industries. Taiwanese companies<br />
manufacture around 83 per cent of all notebooks<br />
and nearly 70 per cent of all LcD screens. However,<br />
the considerable dependence on the development<br />
of world trade led to a clear decrease in<br />
exports and imports in the fi nal quarter of 2008,<br />
and this is expected to continue for the duration<br />
of 2009.<br />
Taiwan 2008 2007<br />
(35% share in capital) in Euro ’000<br />
Gross profi t 862 516<br />
Net income after taxes 213 10<br />
Net income from equity consolidation 75 3<br />
Employees 17 10<br />
United Arab Emirates<br />
The Weiss-<strong>Röhlig</strong> Dubai Ltd. offi ce has fulfi lled<br />
the expectations expressed in the last annual<br />
report and was able to increase its gross profi t<br />
by 47.3 per cent. Parallel to expanding operations,<br />
the net income from this joint venture<br />
company was also more than expected. This<br />
gratifying development was due to the network<br />
business undertaken with other <strong>Röhlig</strong><br />
and Gebrüder Weiss companies, as well as the<br />
growth in project business.<br />
UAE 2008 2007<br />
(23% share in capital) in Euro ’000<br />
Gross profi t 809 549<br />
Net income after taxes 290 114<br />
Net income from equity consolidation 145 45<br />
Employees 19 17
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