Annual Report 2012

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Annual Report 2012 gildemeister Annual Report 2012 together. innovative. global. knowledge power values together together. ideas know-how exchange innovative. talent progress growth cooperationinnovative global. sustainability global new markets synergy Product Overview 06 Turning Technology 12 Milling Technology 18 Ultrasonic / Lasertec 22 ecoline 26 LifeCycle Services 32 Energy Solutions KEY FIGURES The Consolidated Annual Financial Statements for gildemeister Aktiengesellschaft as at 31 December 2012 were prepared in accordance with the International Financial Reporting Standards (ifrs) – as they have to be applied in the European Union. 01 gildemeister group Changes 2012 2011 2012 against 2011 € million € million € million % Sales revenues Total 2,037.4 1,687.7 349.7 21 Domestic 722.1 632.6 89.5 14 International 1,315.3 1,055.1 260.2 25 % International 65 63 Order intake Total 2,260.8 1,927.3 333.5 17 Domestic 735.8 764.2 – 28.4 – 4 International 1,525.0 1,163.1 361.9 31 % International 67 60 Order backlog * Total 1,003.5 811.2 192.3 24 Domestic 252.2 237.6 14.6 6 International 751.3 573.6 177.7 31 % International 75 71 Investments 74.5 89.7 ** – 15.2 – 17 Personnel costs 440.4 384.7 55.7 14 Personnel quota in % 21.4 22.1 Employees 6,267 5,810 457 8 Plus trainees 229 222 7 3 Total employees * 6,496 6,032 464 8 ebitda 173.8 146.1 27.7 19 ebit 132.9 112.5 20.4 18 ebt 120.1 66.9 53.2 80 Annual result 82.4 45.5 36.9 81 * Reporting date 31 December Page reference ** of which € 14.8 million capital inflow to financial assets Page reference for further information in the Annual Report Reference to a diagram or table providing visual representation Reference to further / updated information in the internet Key Figures 02 sales revenues in € million Domestic International 612.8 716.2 2006 1,329.0 730.4 831.7 2007 1,562.1 829.9 1,074.1 2008 1,904.0 496.5 684.7 2009 1,181.2 499.1 877.7 2010 1,376.8 632.6 1,055.1 2011 1,687.7 722.1 1,315.3 2012 2,037.4 0 500 1,000 1,500 2,000 03 order intake in € million Domestic International 648.7 794.2 2006 1,442.9 793.6 1,071.2 2007 1,864.8 843.4 1,038.6 2008 1,882.0 343.9 802.0 2009 1,145.9 537.7 880.7 2010 1,418.4 764.2 1,163.1 2011 1,927.3 735.8 1,525.0 2012 2,260.8 0 500 1,000 1,500 2,000 04 quarterly results (ebit) in € million q1 2012 18.8 q2 2012 26.6 q3 2012 37.9 q4 2012 49.6 0 10 20 30 40 50 05 ebit in € million 2006 82.5 2007 125.9 2008 158.2 2009 31.8 2010 45.0 2011 112.5 2012 132.9 0 50 100 150 06 annual result in € million 2006 27.1 2007 50.1 2008 81.1 2009 4.7 2010 4.3 2011 45.5 2012 82.4 0 20 40 60 80 03 gildemeister in Brief 1 04 The Year 2012 06 Report of the Supervisory Board gildemeister Annual Report 2012 12 Letter from the Chairman 17 The Executive Board together. innovative. Business Report global. 18 Group Structure 20 Business Environment 20 Overall Economic Development 23 Development of the Machine Tool Industry 28 Overall Statement of the Executive Business Report. Board on the Business Environment 30 Results of Operations, Financial Position and Net Worth 30 Corporate Strategy 34 Sales Revenues 35 Order Intake 37 Order Backlog 38 Results of Operations 41 Financial Position 43 Net Worth 48 Annual Financial Statements of gildemeister Aktiengesellschaft 49 Value Reporting 51 Investments 53 Segmental Reporting 53 “Machine Tools” 58 “Industrial Services” 61 “Corporate Services” 62 Overall Statement of the Executive Board on Business Development 64 Corporate situation 64 Sustainability 70 Employees 74 Corporate Governance 78 Remuneration Report 85 gildemeister Share 89 Corporate Communication 91 Organisation and Legal Corporate Structure 95 Research and Development 100 Purchasing and Procurement 103 Production, Technology and Logistics 108 Supplementary Report 111 Opportunities and Risk Report 111 Opportunities Management System 113 Risk Management System 118 swot Analysis 119 Overall Statement of the Executive Board to the Risk Situation 120 Forecast Report 120 Future Business Environment 122 Future Development 129 Overall Statement of the Executive Board on Future Business Development 2013 and 2014 132 Consolidated Financial Statements 236 Further Information 2 3 gildemeister in Brief gildemeister holds a leading position worldwide as a producer of cutting machine tools. Its range of products includes innovative high- tech machines and services, as well as software and energy solutions. gildemeister has a broad, diverse and established customer base in a variety of industries and regions. The “Machine Tools“ segment is our core segment and includes the group’s new machines business with the business divisions of turning, milling and ultrasonic / lasertec, as well as the ecoline product range and electronics. At gildemeister the production plants have been arranged in associations across all locations in order to consolidate core technological expertise. This gives rise to the Turning Association, the Milling Association, the Milling and Processing Association as well as the ecoline Association. The “Industrial Services” segment comprises the business activities of the Services and Energy Solutions divisions. In Services, gilde- meister has brought together all the services and service products relating to the entire life cycle of our machine tools as well as the Mori Seiki machines business. The Energy Solutions division offers integrated energy solutions for the production, storage and use of energy by industrial operations and constructs large-scale photo- voltaic plants for investors. The group-wide holding functions are combined under “Corporate Services”. 4 The Year 2012 01 january As of 1 January 2012 Christian Thönes is appointed deputy ¤ 17.0 member of the Executive Board of 04 gildemeister Aktiengesellschaft. april On 1 January 2012, dmg and Mori 03 ¤ 16.5 Seiki found the joint European march gildemeister organises the head office in Switzerland. Some 1st Corporate Day in Ulyanovsk, 17 national companies will be Russia, with the regional govern- managed from Dübendorf in the As the largest exhibitor, ment. In preparation for local 06 ¤ 16.0 Zurich canton. gildemeister achieves order production, gildemeister intake at the international trade strengthens relations with local june In January the project cluster “It’s fair, metav, in Dusseldorf of customers and suppliers. owl“ is recognised by the federal € 41.5 million. 181 machines government. gildemeister thus sold confirm the good start to Effective as of 18 April, At the intersolar in Munich ¤ 15.5 stands for technological excellence the year 2012. Prof. Dr.-Ing. Raimund Klinkner gildemeister presents its as a part of this economic and becomes the new member of restructured division for the research initiative. As part of the gildemeister junior the Supervisory Board of production, storage and use of staff programme, seven trainees gildemeister Aktiengesellschaft. renewable energies. The Energy ¤ 15.0 take part in an exchange with He succeeds Dr.-Ing. Jürgen Solutions’ focus lies on integrated Mori Seiki. Harnisch. solutions for energy consumption by industrial operations and In the first quarter gildemeister the construction of large-scale ¤ 14.5 is able to markedly increase order photovoltaic plants. intake, sales revenues and results. 02 Order intake of +36% is clearly gildemeister continues its february above the previous year’s quarter. growth trend in the second quarter: ¤ 14.0 Order intake, sales revenues and earnings are increased. Through The successful open house the cooperation with Mori Seiki, exhibition in Pfronten achieves gildemeister improves its order intake of € 163.4 million and presence in Asia and the usa. ¤ 13.5 530 machines sold. gildemeister thus takes positive stock of the first 04 major open house exhibition of the year. ¤ 13.0 gildemeister opens a new techno- logy centre in Singapore. The sales 05 ¤ 12.5 and service activities for south-east Asia will be managed from there may together with Mori Seiki. 05 th ¤ 12.0 On 18 May the 110 Annual General Meeting with more than 1,200 shareholders in attendance takes place in the Stadthalle Biele- feld. All proposals on the agenda 06 ¤ 11.5 03 are approved with a large majority. 02 dmg and Mori Seiki present innovative products and services ¤ 11.0 for the Russian market to visitors to the metalloobrabotka in Moscow. ¤ 10.5 development of the gildemeister share 2012 01 ¤ 10.0 bericht aufsichtsrat konzernlagebericht konzernabschluss weitere informationen 5 Konzern-Gewinn- und Verlustrechnung Überleitung zum Gesamtergebnis 11 november 07 july As the largest exhibitors, dmg and Mori Seiki present 30 innovative machines at the jimtof in Tokyo. gildemeister receives the “Volkswagen Group Award 2012“. On 22 November the Super- The vw group bestows this award 10 170% visory Board appoints Dr. Thorsten to its 18 best suppliers worldwide october Schmidt as deputy chairman of in recognition of a successful the Executive Board. As of the cooperation. same date, Christian Thönes 165% gildemeister invests a total is made a full member of the The first joint website from of € 20.1 million at the Seebach Executive Board. dmg and mori seiki goes online. site in expanding capacity with Customers can now find all the cluster assembly, logistics and a The Financial Times Deutschland products and services offered by technology centre. With additional recognises Kathrin Dahnke as one 160% dmg / mori seiki at a glance.
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