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K>MOBIL 31 // KIRCHHOFF Automotive
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r KIRCHHOFF Automotive maintains growth strategy. 17% of revenues invested.
Graph right: Sales (grey) and
employee development (blue) at
KIRCHHOFF Automotive 2002 -
plan 2008
t 22
With sales revenue growth of 8 % in 2007 to
achieve a total of 450 million euros, KIRCHHOFF
Automotive outperformed the European automotive
industry as a whole, which continues to be
our most important customer group on the global
market.
We predict the same rate of growth for 2008 and
therefore above the forecasts for general market
performance.
In order to generate this growth we selectively and
strategically invested 55 million euros, 12 % of sales
revenues, in 2007. In 2008 we will be investing
an even greater sum, not only in absolute terms
but also in relation to sales. In order to secure firm
orders for both 2008 and the years to come and
therefore our own growth in the medium term, we
will be investing 80 million euros or 17 % of sales
revenues this year both in expanding existing
plants and setting up new production locations. 23
million euros of this amount will be invested in our
German plants, thereby serving to safeguard jobs
in Germany. In this context it is worth mentioning
Company: Growth
that although the major part of the Group’s growth
has taken place in other European countries in the
last few years, sales revenues in Germany have
risen slightly too and with them the number of
employees.
KIRCHHOFF Automotive is in good company with
this trend. The German automotive industry has
increased the total size of its workforce by 1.5 % to
a figure of 752,000 employees. With 6,000 new
jobs created (equivalent to 2 % growth), the greatest
increase was achieved by the German automotive
supply industry. As a result of its investments,
KIRCHHOFF Automotive is safeguarding jobs
for motivated employees both in Germany and
overseas. These employees are, in turn, the cornerstone
of our success and thus for the growth of our
customers. We work with people for people, true to
our motto:
WE.MOVE.FUTURE.
Ulrich G. Schröder