Technologies · Systems · Solutions - Dürr
Technologies · Systems · Solutions - Dürr
Technologies · Systems · Solutions - Dürr
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Consolidated management report<br />
Consolidated sales<br />
Amounts in €m<br />
14.3%<br />
8.6%<br />
12.5%<br />
Sales share in Asia and North America increased<br />
2004 2004 2003<br />
Paint <strong>Systems</strong> 1,148.0 1.244.1<br />
Final Assembly <strong>Systems</strong> 265.9 320.4<br />
Ecoclean 183.5 202.2<br />
Measuring <strong>Systems</strong> 305.9 278.2<br />
Continuing operations 1,903.3 2,044.9<br />
Discontinued operations 233.1 227.0<br />
Group 2,136.4 2,271.9<br />
55<br />
Regionally, sales developed as follows: In North and Central America, consolidated<br />
sales from continuing operations grew from € 655.5 million to € 671.9 million. In<br />
Europe, they fell to € 900.5 million (previous year: € 1,093.6 million). In Africa, Asia,<br />
and Australia, we increased sales to € 316.3 million (previous year: € 278.8 million),<br />
while sales in South America declined to € 14.6 million (previous year: € 17.0 million).<br />
In discontinued operations, sales were down in Europe and South America but up<br />
in North and Central America, Africa, Asia, and Australia.<br />
Consolidated sales by regions<br />
Amounts in €m<br />
15.6%<br />
1.1%<br />
36.9%<br />
10.9%<br />
53.7%<br />
23.1%<br />
21.9%<br />
1.4%<br />
2004 2004 2003<br />
Germany 493.4 579.3<br />
Other EU countries 466.7 558.0<br />
Other European countries 30.1 50.7<br />
North and Central America 788.6 763.2<br />
South America 24.5 29.3<br />
Asia, Australia, Africa 333.1 291.4<br />
Group 2,136.4 2,271.9<br />
Earnings before taxes in continuing operations increased significantly<br />
In continuing operations, we increased earnings before taxes (EBT) by € 19.5 million<br />
to € 18.6 million in 2004 (previous year: € –0.9 million). The Measuring <strong>Systems</strong> business<br />
unit (excluding DTS) increased its operating earnings and reported lower restructuring<br />
expenses. The improvement in the Corporate Center is the result of writing<br />
back provisions which were no longer needed. Earnings were burdened in 2004 by<br />
unscheduled expenses amounting to € 15.1 million. Those were incurred in the<br />
Ecoclean and Final Assembly <strong>Systems</strong> business units, caused by problems in handling<br />
particular orders.<br />
In discontinued operations, EBT dropped to € –6.8 million from € –4.8 million in the<br />
previous year. The main reason for this decline is amortization of intangible assets
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