DOCSLIB.ORG

Annual Report 2020 We Connect a Greener World

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2020 We Connect a Greener World Annual Report 2020 We connect a greener world Company Reg: 6272 5214 Contents Contents Page 05 Letter from the Chairman Based on favourable Introduction Business overview Group overview megatrends and our strong technology positions, we expect Group NKT Group both the power cables and the photonics businesses represent 04 At a glance 14 At a glance 65 Group financials significant mid-term financial 05 Letter from the Chairman 15 Letter from the CEO 67 Shareholder information growth potential. 07 Key messages 2020 17 Key financials – 5-year review 69 Corporate governance 08 5-year financial highlights 18 Business line organization 73 Board of Directors 09 Financial review Q4 2020 20 Market overview 76 Executive Management 10 Financial performance versus 26 ReNew strategy NKT runs all its power cable outlook 2020 30 Sustainability factories on renewable energy saving annually over 48,000 We 11 Financial outlook – NKT 32 Financial review Financial statements tonnes of CO2. 12 Financial outlook – NKT Photonics 34 Business review – Solutions This is reducing NKT's Group connect 36 Business review – Applications CO2-emissions from energy 77 Consolidated financial statements consumption by 72%. 38 Business review – Service & a greener Accessories 83 Sections Read more in 40 Risk management 134 Parent company NKT’s annual statutory world 43 NKT Group Leadership Team sustainability report NKT Photonics Statements To provide greater insight into 45 At a glance the remuneration outcomes 46 Letter from the CEO Group for 2020, to comply with new governance requirements and 47 Key financials – 5-year review 145 Group Management’s statement provide a better understanding 48 Market overview 146 Independent auditor’s report of and transparency into our 56 Sustainability Executive Remuneration practices, NKT's Remuneration 57 Product portfolio report for 2020 has been 58 Commercialization strategy released. 59 Financial & business review 61 Risk management Read more in 63 NKT Photonics Leadership Team NKT’s annual remuneration report Annual Report 2020 | NKT A/S | 2 Introduction Repair of MI power cables on a 170 km connection between Introduction Denmark and Germany Group 04 At a glance 05 Letter from the Chairman 07 Key messages 2020 08 5-year financial highlights 09 Financial review Q4 2020 10 Financial performance versus outlook 2020 11 Financial outlook – NKT 12 Financial outlook – NKT Photonics Annual Report 2020 | NKT A/S | 3 NKT A/S at a glance NKT Group at a glance NKT Group consists of two standalone companies: NKT, a leading provider NKT of power cable solutions, and NKT Photonics, a leading supplier of fiber lasers and photonic crystal fibers. Both companies are headquartered in Denmark and have operations across the world. EUR 1,087m Revenue (std. metal prices) Up from EUR 945m in 2019. All three business lines contributed with improved revenue EUR 56.7m Operational EBITDA More than tripled from EUR 15.1m in 2019. Driven by Solutions and Applications NKT at a glance NKT Photonics at a glance with significant improvements Page 14 Page 45 Pushing innovation since People worldwide Nationalities NKT Photonics 1891 3,886 75 EUR 69.9m Revenue Down from EUR 74.6m in 2019. The performance was adversely influenced by the COVID-19 pandemic, particularly Listed on the Danish stock exchange Registered shareholders in 1st half 2020 Nasdaq +27,000 EUR 2.6m EBITDA Copenhagen Down from EUR 14.6m in 2019 due to the lower revenue Annual Report 2020 | NKT A/S | 4 letter from chairman Letter from the Chairman Positive and sustainable transformation We will turn another page urbanisation, and electrification continue in the long life of NKT in to guide the development of our societies. 2021. We celebrate 130 year In particular, the green agenda in terms of anniversary with promising climate change, remained a key prior- market growth prospects. ity on the political scene and with our customers during 2020. NKT is well-po- sitioned to contribute to the drive towards These are challenging times for us as renewable energy aimed at reducing car- human beings, for our societies and the bon footprint. This is to gain further pace world economy. We strive to find purpose in the coming years. In 2020, NKT also and to define the future ‘new normal’ signed up for the Science Based Target once the COVID-19 pandemic is defeated. initiative to become a net-zero emissions In 2021, NKT celebrates its 130 year anni- company. versary. Our long history has provided us with robustness, experience and persis- Leading technologies to provide tence. These qualities proved to be key to mid-term growth ambitions succeed and deliver an improved financial Both our power cables and photonics performance in the past year. Combined businesses are among the market leaders with innovation, these will also be the with innovative and technological complex foundation for the expected growth of our solutions for our customers. Our businesses businesses in the coming years. demonstrated this position in 2020. Megatrends such as green transfor- NKT’s record high-voltage order backlog mation, growing and aging population, of EUR 3.07bn at end-2020 was driven by increased technological complexity, our strong position within DC technology, Annual Report 2020 | NKT A/S | 5 “ Based on favourable megatrends and our not finalized in 2020. We intend to resume strong technology positions, we expect both the review when the business and finan- cial performance is no longer materially the power cables and the photonics businesses affected by the pandemic. represent significant mid-term financial People, leadership and collaboration growth potential” are reasons to success Our employees throughout the company deserve a special thanks for managing the situation in a year with COVID-19 which was significantly strengthened to power microscopes in detection of related challenges. Our production sites by our acquisition of ABB HV Cables in cancer cells. were kept in operation and at the same 2017. The backlog increase came from time our future was strengthened by win- more large order wins including two of Based on favourable megatrends and ning new key projects. This was achieved the German high-voltage DC corridor our strong technology positions, we on top of the daily task of continuously projects that will provide renewable expect both the power cables and the improving our businesses. energy produced in e.g. the North Sea to photonics businesses to hold significant the southern parts of Germany, replacing mid-term financial growth potential. We We also believe in strong leadership nuclear energy and fossil fuel. Further therefore also announced the expansions and collaboration to be instrumental for high-voltage DC orders for offshore wind of our high-voltage power cable plants success and a key reason for this year’s farms in Northern Europe underlined in Sweden and Germany. Investments achievements. In August 2020, Line NKT’s position as an important contribu- in our people and our facilities will keep Fandrup joined NKT A/S as CFO and to- tor to the green transformation. our technology relevant and competitive gether with CEO Alexander Kara she now across our businesses and are key ele- constitutes our Executive Management. Our photonics business supplies leading ments in our future success. technology to customers and growing We would also like to thank our share- markets within innovate industries such The Board of Directors was therefore holders, customers and business part- as autonomous electric cars, smart- pleased to see that the two capital ners for their continuous support. This phones, quantum computing, artificial in- increases totalling net proceeds of year has called for even more alignment, telligence, stem cell and cancer research, EUR 259m were well-received by our flexibility and creativity – and together we and renewable energy. shareholders. We appreciate the con- have built an even stronger foundation for tinued support and belief in NKT as an our future relations. Despite significant negative impact from attractive investment. the COVID-19 pandemic, NKT Photonics Jens Due Olsen continued to strengthen its commercial The announced strategic review of NKT Chairman of the Board of Directors, position by for example supplying lasers Photonics to maximise value creation was NKT A/S Annual Report 2020 | NKT A/S | 6 key messages 2020 Key messages 2020 NKT Group improved 2020 was the best-ever year for NKT positive development in Medical & Life net interest-bearing debt relative to financial results in 2020. in terms of high-voltage order intake. A Science. The Board of Directors intends operational EBITDA amounted to -0.4x at The operational EBITDA total of EUR 2.3bn high-voltage projects to resume the strategic review of NKT end-2020. was awarded, that will contribute to the Photonics when the business and finan- was EUR 59.3m, a doubling ongoing European transition towards cial performance is no longer materially Improvement expected in 2021 compared to 2019. Improved increased renewables energy genera- affected by the COVID-19 pandemic The improved financial performance is ex- performance in the power tion. The largest project awards were and the general economic situation. The pected to continue in 2021. NKT expects cable business was the main SuedLink and SuedOstLink in Germany, objectives are to maximize value creation, a revenue* of approx. EUR 1.1–1.2bn and driver. long-distance power lines to transmit and position NKT Photonics for long-term an operational EBITDA of approx. EUR renewable energy from north to south. growth. 80–110m. NKT Photonics expects organ- ic revenue growth of approx. 0–10% and Better financial performance in NKT NKT Photonics impacted by Reduction in debt level an EBITDA margin of approx. 3–7%. NKT delivered improved revenue and pandemic In 2020, the net interest-bearing debt earnings in 2020 with contributions from all In NKT Photonics, organic growth improved by EUR 268m to EUR -25.9m three business lines.
Load more

Recommended publications
  • Swepol Link Sets New Environmental Standard for HVDC Transmission
    00 ABB Review 4/2001 SwePol Link sets new environmental standard for HVDC transmission Leif Söderberg, Bernt Abrahamsson Six cable links – all of them HVDC (high-voltage direct current) – are currently in service between the power grids of continental Europe and the Nordic region, with another five planned. The latest to be brought on line is the SwePol Link, which connects the electricity networks of Poland and Sweden. It is unique in that, unlike previous installations that depend on electrode stations to transmit the return current under ground or under water, it uses 20-kV XLPE cable to carry this current. The high-voltage HVDC submarine cable used for the SwePol Link is designed for 600 MW at 450 kV. he reason for all these links is the technically feasible to reverse the entire onds to prevent grid failure if the voltage T vital need to secure power system 600 MW power throughput of the in southern Sweden drops below 380 kV. reliability in each of the participating SwePol Link in just 1.3 seconds, although With all previous links of this kind, countries. They make it easier to this is not a feature that will be used in electrode stations off the coast transmit optimize power generation in an area in practice. Nevertheless, a typical emer- the return current under the sea, and this which different countries use different gency power measure could call for a has worked perfectly well (Table 1). The means of power generation and have ∆P ramp-up of 300 MW within a few sec- first such cable link was laid in 1954 different power demand profiles over a 24-hour period.
    [Show full text]
  • 20 Jahre Elektrische Wiedervereinigung Deutschlands
    20 Jahre Elektrische Wiedervereinigung Deutschlands 20 Jahre Elektrische Wiedervereinigung Deutschlands VDE-Bezirksverein Kassel e.V., Universität Kassel am 21.01.2016 Walter Schossig, Gotha VDE Ausschuss Geschichte der Elektrotechnik [email protected] www.walter-schossig.de [email protected] www.walter-schossig.de Tel: 03621/701016 Folie 1 20 Jahre Elektrische Wiedervereinigung Deutschlands Chronologie Entstehung von Verbundnetzen Trennung des Deutschen Verbundnetzes Entwicklung in Ost- und Westeuropa Innerdeutscher Stromexport Elektrische Wiedervereinigung Deutschlands Erweiterung des Europäischen Verbundnetzes Ein Auszug der Vortragsfolien. Bei Interesse an Quellenangaben oder weiteren Informationen: [email protected] bzw. www.walter-schossig.de/Literatur [email protected] www.walter-schossig.de Tel: 03621/701016 Folie 2 20 Jahre Elektrische Wiedervereinigung Deutschlands Beginn der Stromversorgung 1866-1878 Technisch wirtschaftliche Versuche 1878-1884 Einzelanlagen 1884-1890 Blockanlagen 1890-1900 Ortszentralen 1900-1913 Überlandzentralen 1913-1915 Anfänge der Verbundwirtschaft [email protected] www.walter-schossig.de Tel: 03621/701016 Folie 3 20 Jahre Elektrische Wiedervereinigung Deutschlands < Einzelanlagen 1878-1884 > 1878 St.George Lane Fox (GB) u. Thomas Alva Edison (US) entwickeln erste Pläne zur kollektiven Verteilung des Stromes in ganze Stadtteile, die im Jahre 1881 in Godalming (GB) und ein Jahr später in New York (US) ihre erste Anwendung finden [email protected] www.walter-schossig.de
    [Show full text]
  • Energy Infrastructure Projects in the Baltic Sea
    FACTS ISSUE 2 | 06 – 2007 FACTS ABOUT THE NATURAL GAS PIPELINE ACROSS THE BALTIC SEA ENERGY INFRASTRUCTURE PROJECTS IN THE BALTIC SEA ENVIRONMENTAL CHALLENGES CAN BE numerous rivers that flow into the sea. Historically, COPED WITH the main challenge for infrastructure projects has therefore been to maintain this balance. Nord Stream is only one of several planned or already operating energy infrastructure projects Energy infrastructure projects like pipelines, wind in the Baltic Sea. In addition to the pipeline from farms and submarine power cables are in general Vyborg to Greifswald, further offshore natural gas smaller than infrastructure projects like bridges, pipelines across the Baltic Sea are under consid- tunnels and harbours. However, the energy projects eration: Poland is interested in a connection from stretch over longer distances and it may therefore Denmark across the Baltic Sea (Baltic Pipe), while be necessary to cross sensitive areas, like munitions Estonia and Finland are also planning a connecting dump sites. pipeline across the sea (Balticconnector). Further- more, subsea power cables and several offshore All use of the sea has an impact; this includes energy wind parks already exist or are planned in the infrastructure as well as ship traffic or traffic infra- Baltic Sea. All of these projects are striving to keep structure. One of the reasons for choosing locations their impact on the environment as low as possible in the sea instead of onshore is the availability of and to preserve the Baltic ecosystem as it is. “Nord space, which is becoming a scarce resource. In this Stream: Facts” talked to Per Jørgensen, a leading context, the impact of large diameter pipelines like international expert in the field of infrastructure, Nord Stream is almost the same as smaller pipeline energy and environment about these projects.
    [Show full text]
  • Det Här Underlaget För Tidigt Samråd För Kriegers Flak Är Framtaget Av Sweden Offshore Wind AB Som Ingår Numera I Vattenfall-Koncernen
    Det här underlaget för tidigt samråd för Kriegers flak är framtaget av Sweden Offshore Wind AB som ingår numera i Vattenfall-koncernen. 1. Bakgrund och syfte......................................................................................................... 1 2. Presentation av företaget ................................................................................................ 2 3. Lokalisering och utformning av transformatorstationerna............................................. 3 4. Lokalisering och utformning av sjökablarna.................................................................. 5 5. Beskrivning av berörda områden till havs och vid kusten ............................................. 6 6. Beskrivning av de identifierade landningspunkterna................................................... 10 7. Beskrivning av projektets olika faser........................................................................... 15 8. Fysisk påverkan på omgivningen och konsekvenser av påverkan............................... 16 9. Alternativa lokaliseringar............................................................................................. 23 10. Alternativ utformning............................................................................................... 23 11. Nollalternativ............................................................................................................ 24 12. Kontaktuppgifter ...................................................................................................... 24 1. Bakgrund
    [Show full text]
  • Annual Report 2019 .Pdf 18MB
    Annual Report Statkraft AS 2019 CONTENT 3 Introduction 3 Statkraft at a glance 6 The Board of Directors 7 The Corporate Management 8 Letter from the CEO 9 Report from the Board of Directors 12 Strategy – Powering a green future 16 Financial performance 20 Segments 25 Risk management 29 Sustainability 31 Sustainability management 33 Statkraft’s contribution 35 Social disclosures 41 Environmental disclosures 45 Economic disclosures 49 Corporate Governance 59 Statements 59 Group Financial Statements 59 Financial Statements 64 Notes 129 Statkraft AS Financial Statements 129 Financial Statements 133 Notes 150 Auditor’s Statement 155 Sustainability Statement 170 Auditor’s Statement 176 Declaration from the Board of Directors and CEO 177 Key figures and Alternative Performance Measures Statkraft is a leading renewable energy company with activities on three continents within hydro, wind and solar. Through our market activities and production assets we create value for our owner, our customers and the societies we operate in. Statkraft at a glance USA Statkraft has 4.000 employees Peru Brazil in 16 countries Chile Europe’s largest producer of renewable energy EBIT underlying Net profit Cash flow from operations 17.6 11.3 12.0 NOK BILLION NOK BILLION NOK BILLION ROACE Net interest-bearing debt Dividend paid in 2019 16.3 16.0 8.5 PER CENT NOK BILLION NOK BILLION Norway Sweden The Netherlands United Kingdom Ireland Germany France Spain Nepal Albania Turkey India Power generated in 2019 Share renewable energy Investments in 2019 61 93 7.4 TWH PER CENT NOK BILLION Standard & Poor's Fitch Ratings' long-term rating long-term rating A- BBB+ 59% Norway 27% Europe 14% Outside Europe 5 ANNUAL REPORT 2019 | STATKRAFT AS 6 The Board of Directors From the left: Vilde Eriksen Bjerknes, Mikael Lundin, Ingelise Arntsen, Asbjørn Sevlejordet, Thorhild Widvey, Peter Mellbye, Bengt Ekenstierna, Hilde Drønen and Thorbjørn Holøs Thorhild Widvey Peter Mellbye Hilde Drønen Born 1956, Norwegian Born 1949, Norwegian Born 1961, Norwegian Chair of the board, member since 2016.
    [Show full text]
  • The Baltic Cable HVDC Connection Sweden / Germany
    Submarine Cable Link The Baltic Cable HVDC Connection Sweden / Germany Sweden Germany Cable data Project content Voltage 450 kV DC HVDC cable and accessories Power 600 MW HVDC converter stations Length 250 km Cable system design Conductor 1600 mm2 Cu Project management Insulation MIND Installation (on land and at sea) Weight 55 kg/m Customer Baltic Cable AB Year 1994 World record holder for length, voltage and power Four new world record were set in 1994 Cable Route by ABB, with the successful completion The Västra Kärrstorp converter station of the Baltic Cable HVDC transmission in Sweden was built close to an existing link between Sweden and Germany: transformer station at Arrie, south of Malmö and about 17 km from the coast. 1) Stretching over 250 km, it was the The link was first routed through a 12 longest submarine HVDC cable km overhead line, then by land for about ever laid. 5.3 km to the coast. From there it runs 2) At 600 MW, the Baltic Cable is one across the bottom of the Baltic Sea to of the most powerful HVDC cables the mouth of the River Trave in in commercial operation. Germany. The cable then follows the 3) With 450 kV DC, the cable has the course of the Trave for a distance of 12 highest voltage rating of all existing km until it reaches the Herrenwyk submarine HVDC cables. converter station in the outskirts of 4) The 5.3 km land section of the Lübeck in Germany. The total length of cable in Sweden was laid in one the link is 262 km, of which 250 km are continuous length in an open-cut HVDC power cables.
    [Show full text]
  • Form 20-F 2006
    As filed with the Securities and Exchange Commission on March 7, 2007. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) n REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ¥ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2006 OR n TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR n SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report . For the transition period from to Commission file number: 1-14688 E.ON AG (Exact name of Registrant as specified in its charter) E.ON AG (Translation of Registrant’s name into English) Federal Republic of Germany E.ON-Platz 1, D-40479 Du¨sseldorf, GERMANY (Jurisdiction of Incorporation or Organization) (Address of Principal Executive Offices) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered American Depositary Shares representing Ordinary Shares with no par value New York Stock Exchange Ordinary Shares with no par value New York Stock Exchange* Securities registered or to be registered pursuant to Section 12(g) of the Act: None (Title of Class) Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None (Title of Class) Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.
    [Show full text]
  • E.ON 2004 Annual Report on Form 20-F Entitled “Item 3
    2004 Annual Report Growing closer. Growing together. E.ON Group Financial Highlights in millions 2004 2003 +/– % Electricity sales (in billion kWh)1 403.7 390.5 +3 Gas sales (in billion kWh)1 868.2 854.9 +2 Sales 49,103 46,427 +6 Adjusted EBITDA2 10,520 9,458 +11 Adjusted EBIT2 7,361 6,228 +18 Income/Loss (–) from continuing operations before income taxes and minority interests 6,799 5,538 +23 Income/Loss (–) from continuing operations 4,348 3,950 +10 Income/Loss (–) from discontinued operations, net –9 1,137 – Net income 4,339 4,647 –7 Investments 5,285 9,196 –43 Cash provided by operating activities 5,972 5,538 +8 Free cash flow3 3,260 2,878 +13 Net financial position4 (at year end) –5,483 –7,855 +30 Stockholders’ equity 33,560 29,774 +13 Total assets 114,062 111,850 +2 ROCE5 (in %) 11.3 9.9 +1.46 Cost of capital (in %) 9.0 9.5 –0.56 Return on equity after taxes7 (in %) 13.7 16.8 –3.16 Employees (at year end) 69,710 67,102 +4 Earnings per share (in ) from continuing operations 6.62 6.04 +10 from discontinued operations –0.01 1.74 – from cumulative effect of changes in accounting principles, net – –0.67 – from net income 6.61 7.11 –7 Per share (in ) Dividend 2.35 2.00 +18 Stockholders’ equity8 50.93 45.39 +12 1Unconsolidated figures; prior-year figure includes pro forma 12-month gas sales of E.ON Ruhrgas AG. 2Non-GAAP financial measure; see reconciliation to consolidated net income on page 25.
    [Show full text]
  • EU Energy Markets in Gas and Electricity – State of Play of Implementation and Transposition
    DIRECTORATE GENERAL FOR INTERNAL POLICIES POLICY DEPARTMENT A: ECONOMIC AND SCIENTIFIC POLICY INDUSTRY, RESEARCH AND ENERGY EU Energy Markets in Gas and Electricity – State of Play of Implementation and Transposition Abstract It is the aim of the European Union to make natural gas and electricity market opening fully effective and to create a single EU market. The present study assesses the opening and completion of the internal energy market through stocktaking of the current status and a critical assessment of the likely policy challenges ahead. The study undertakes a sectoral review of implementation and transposition of the 2nd energy package and discusses the 3rd energy package. It gives an assessment of the road ahead and recommends needed policy steps. IP/A/ITRE/ST/2009-14 MAY 2010 PE 433.459 EN This document was requested by the European Parliament's Committee on Industry, Research and Energy (ITRE). AUTHOR(S) Ludwig-Bölkow-Systemtechnik Mr. M. Altmann, Mr. P. Schmidt HINICIO Mr. A. Brenninkmeijer, Mr. O. van den Kerckhove VTT Technical Research Centre of Finland Ms. T. Koljonen, Ms. M. Ruska, Mr. G. Koreneff Centre for European Policy Studies Mr. C. Egenhofer, Mr. A. Behrens, Mr. A. Rönnholm Mr. L. Olmos, Mr. J. Barquín RESPONSIBLE ADMINISTRATOR Karin Hyldelund Policy Department Economic and Scientific Policy European Parliament B-1047 Brussels E-mail: [email protected] LINGUISTIC VERSIONS Original: [EN] ABOUT THE EDITOR To contact the Policy Department or to subscribe to its monthly newsletter please write to: [email protected] Manuscript completed in May 2010. Brussels, © European Parliament, 2010.
    [Show full text]
  • Die Großen Stromkonzerne Und Die Energiewende Gregor Kungl Ist Wissenschaftlicher Mitarbeiter Am Institut Für Sozialwissen- Schaften Der Universität Stuttgart
    Die großen Stromkonzerne und die Energiewende Gregor Kungl ist wissenschaftlicher Mitarbeiter am Institut für Sozialwissen- schaften der Universität Stuttgart. Gregor Kungl Die großen Stromkonzerne und die Energiewende Campus Verlag Frankfurt/New York Dissertation, Universität Stuttgart, D.93 ISBN 978-3-593-50942-6 Print ISBN 978-3-593-44000-2 E-Book (PDF) Das Werk einschließlich aller seiner Teile ist urheberrechtlich geschützt. Jede Verwertung ist ohne Zustimmung des Verlags unzulässig. Das gilt insbesondere für Vervielfältigungen, Übersetzungen, Mikroverfilmungen und die Einspeicherung und Verarbeitung in elektronischen Systemen. Trotz sorgfältiger inhaltlicher Kontrolle übernehmen wir keine Haftung für die Inhalte externer Links. Für den Inhalt der verlinkten Seiten sind ausschließlich deren Betreiber verantwortlich. Copyright © 2018 Campus Verlag GmbH, Frankfurt am Main Umschlaggestaltung: Campus Verlag GmbH, Frankfurt am Main Gesetzt aus der Garamond Druck und Bindung: CPI buchbücher.de, Birkach Gedruckt auf Papier aus zertifizierten Rohstoffen (FSC/PEFC). Printed in Germany www.campus.de Inhalt Vorwort .................................................................................................................. 11 Einleitung ............................................................................................................... 13 Teil 1: Fragestellung, Methoden und Theorie 1. Stand der Forschung und Fragen ................................................................ 21 2. Forschungsdesign ..........................................................................................
    [Show full text]
  • Curriculum Vitae Fredrik Rüter 9 February 2016
    Curriculum Vitae Fredrik Rüter 9 February 2016 Name RÜTER Fredrik Date of Birth 8 May 1960 Nationality Swedish Position Senior Consultant Languages Swedish: mother tongue Danish and Norwegian: good understanding conversation and reading English: fluent (business, conversation, reading, writing) German, Spanish and French: very very basic conversation Coordinates FRECC Reimersholmsgatan 59 SE–117 40 Stockholm SWEDEN +46 76 555 61 05 [email protected] Summary CV In HVDC and Power Cable industry since 1986 Extensive Technical experience of submarine and underground HV cables, XLPE, MI, LPOF Extensive experience from production, installation and testing of HV cables Served as Chairman for Cigré Study Committee B1 (Insulated Cables) Extensive Line Management experience (R&D, Technology, QA, Sales, Consultancy Services) Certified QA System Auditor Trained EMS Auditor (Environmental Management System) Experience from Project Development Certified Project Manager (PMI) Served as Project Manager for large Projects (>100 MEUR) Extensive international experience and network Senior Consultant in several cable projects, producing technical specification, partaking in procurement and selection process, technical support to project manager during implementation, acting company representative on- and offshore et cetera Experience of assisting cable projects in Environmental permit process, including environmental court hearings Familiar with testing facilities in Europe Engineering Manager in large submarine HVDC Projects Extensive
    [Show full text]
  • Form 20-F 2003
    As filed with the Securities and Exchange Commission on March 25, 2004. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 20-F (Mark One) n REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ≤ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2003 OR n TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-14688 E.ON AG (Exact name of Registrant as specified in its charter) E.ON AG (Translation of Registrant’s name into English) Federal Republic of Germany E.ON-Platz 1, D-40479 D¨usseldorf, GERMANY (Jurisdiction of Incorporation or Organization) (Address of Principal Executive Offices) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered American Depositary Shares representing Ordinary Shares with no par value New York Stock Exchange Ordinary Shares with no par value New York Stock Exchange* Securities registered or to be registered pursuant to Section 12(g) of the Act: None (Title of Class) Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None (Title of Class) Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report. As of December 31, 2003, 656,026,401 outstanding Ordinary Shares with no par value.
    [Show full text]