E_mg_GB_03_vorne-29_3_04

More documents

Recommendations

Info

mg engineering GEA 2003* 2001/02* SFY 2002* u million s million s million Sales 2,702 2,874 607 EBITDA 253 293 48 EBIT (1) 199 241 36 Pre-tax earnings (1) Depreciation and amortization 197 235 36 of fixed assets (1) 54 52 12 Capital expenditure (2) Net cash provided by (used for) 50 66 17 operating activities 209 165 – 35 New orders 2,665 2,847 638 Order book 891 1,000 1,017 Employees (3) 13,820 14,080 14,096 Share of consolidated sales 42.2% Lurgi Lentjes 2003 2001/02 SFY 2002 u million s million s million Sales 361 486 104 EBITDA – 112 – 6 – 3 EBIT – 123 – 8 – 3 Pre-tax earnings Depreciation and amortization – 124 – 6 – 3 of fixed assets 11 3 0 Capital expenditure (2) Net cash used for 2 4 0 operating activities – 125 – 57 – 9 New orders 538 408 208 Order book 646 502 597 Employees (3) 566 647 601 Share of consolidated sales 5.6% mg chemical group Share of consolidated sales 36.4% *) Figures for GEA have been adjusted for discontinued operations Dynamit Nobel 2003* 2001/02* SFY 2002* u million s million s million Sales 2,328 2,461 561 EBITDA 329 398 74 EBIT (1) 214 279 46 Pre-tax earnings (1) Depreciation and amortization 188 249 38 of fixed assets (1) 115 119 28 Capital expenditure (2) Net cash provided by 198 179 41 operating activities 272 288 43 Employees (3) 12,304 12,596 12,555 *) Figures for Dynamit Nobel have been adjusted for discontinued operations Lurgi 2003 2001/02 SFY 2002 u million s million s million Sales 592 497 129 EBITDA – 73 2 1 EBIT – 86 – 8 – 1 Pre-tax earnings Depreciation and amortization – 76 8 3 of fixed assets 13 10 2 Capital expenditure (2) Net cash used for 2 5 0 operating activities – 64 – 43 – 42 New orders 229 577 36 Order book 417 833 745 Employees (3) 1,266 1,425 1,429 Share of consolidated sales 9.2% Zimmer 2003 2001/02 SFY 2002 u million s million s million Sales 223 263 59 EBITDA 2 9 3 EBIT (1) 0 7 2 Pre-tax earnings (1) Depreciation and amortization 4 16 4 of fixed assets (1) 2 2 0 Capital expenditure (2) Net cash provided by 21 5 1 operating activities 11 14 2 New orders 220 225 55 Order book 237 235 228 Employees (3) 719 362 359 Share of consolidated sales 3.5% (1) The mg Group started to use push-down accounting at the beginning of 2003; this has resulted in higher depreciation and amortization in the GEA (P5.3 million), Dynamit Nobel (P1.9 million) and Zimmer (P0.6 million) segments as from fiscal 2003. (2) Purchases of property, plant and equipment and intangible assets and investments (including capital leases) (3) Full-time equivalents (FTEs), excluding trainees, at the balance sheet date solvadis 2003* 2001/02* SFY 2002* u million s million s million Sales 1,416 1,441 426 EBITDA 0 35 6 EBIT – 6 28 5 Pre-tax earnings Depreciation and amortization – 7 28 4 of fixed assets 6 7 1 Capital expenditure (2) Net cash used for 10 31 3 operating activities – 21 39 – 25 Employees (3) 792 838 835 *) Figures of solvadis only for information purposes (discontinued operations)
Creating freedom for action CONTENTS Management / Executive Board 2 • Letter to the Shareholders 4 Supervisory Board 6 • Report of the Supervisory Board 8 • Corporate Governance 12 mg Share 16 • Strategy 22 • Special Section 30 • Focus on GEA 32 Industrial plant engineering 36 • mg chemical group 38 • Management Report 42 Economic Environment 43 • Situation of the Company 45 • Organization and Structure 58 Risk Report 59 • Employees 64 • Performance of the Subgroups 66 • Outlook 72 Consolidated Financial statements (U.S. GAAP) 78 • Financial Calendar 179
Page 1 and 2: “2003 was a year of transition fo
Page 3: Consolidated Key Figures 2003 RESUL
Page 7 and 8: MANAGEMENT SHARE STRATEGY SPECIAL S
Page 25 and 26: zation As the world’s population
Page 33 and 34: The pharmaceutical industry will co
Page 37 and 38: Milk Last year, over 160 million co
Page 39 and 40: The MODUL tablet press produced by
Page 45 and 46: For a technology-driven organizatio
Page 55 and 56:
MANAGEMENT SHARE STRATEGY SPECIAL S
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
mg's mission is to ensure sustainab
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
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:
MANAGEMENT AKTIE STRATEGIE SONDERTE
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:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185:
Key Figures for the mg Group RESULT
show all

E_mg_GB_03_vorne-29_3_04

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?