Annual Report 2013
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Knorr-Bremse Group Annual Report 2013 At a Glance KNORR-BREMSE GROUP 2009 2010 2011 2012 2013 Sales EUR mill. 2,761 3,712 4,241 4,300 4,303 Net income EUR mill. 99 239 329 295 367 Employees (as per Dec. 31)* 15,613 18,053 20,050 19,120 20,833 Personnel costs EUR mill. 641 721 805 861 907 Balance-sheet total EUR mill. 1,664 2,194 2,530 2,615 2,869 Equity EUR mill. 533 754 902 995 1,107 Capital expenditure ** EUR mill. 101 113 159 166 159 Depreciation ** EUR mill. 118 147 165 160 125 Incoming orders EUR mill. 3,185 4,040 4,073 3,948 4,752 Research and development expenditure EUR mill. 153 175 209 250 253 * Incl. HR leasing * *not including investments in financial assets Annual ReportGeschäftsberichtAnnual | 2013 Knorr-Bremse Group Knorr-Bremse Group Annual Report 2013 At a Glance KNORR-BREMSE GROUP 2009 2010 2011 2012 2013 Sales EUR mill. 2,761 3,712 4,241 4,300 4,303 Net income EUR mill. 99 239 329 295 367 Employees (as per Dec. 31)* 15,613 18,053 20,050 19,120 20,833 Personnel costs EUR mill. 641 721 805 861 907 Balance-sheet total EUR mill. 1,664 2,194 2,530 2,615 2,869 Equity EUR mill. 533 754 902 995 1,107 Capital expenditure ** EUR mill. 101 113 159 166 159 Depreciation ** EUR mill. 118 147 165 160 125 Incoming orders EUR mill. 3,185 4,040 4,073 3,948 4,752 Research and development expenditure EUR mill. 153 175 209 250 253 * Incl. HR leasing * *not including investments in financial assets Annual ReportGeschäftsberichtAnnual | 2013 Knorr-Bremse Group Contact Knorr-Bremse AG Moosacher Strasse 80 80809 Munich Germany www.knorr-bremse.com Corporate Communications Eva Seifert Tel: +49 89 3547-1402 With six newly opened plants, in 2013 the Knorr-Bremse Group continued its extensive investment Fax: +49 89 3547-1403 program. Within this program the Company is investing in state-of-the-art production equipment E-Mail: [email protected] and buildings around the world. The aim is to drive the strategic expansion and reinforcement of Knorr-Bremse’s global development and production network in order to grow capacities and Credits safeguard the Group’s long-term future. Based on the principles of the globally applicable Knorr- Publisher Bremse Production System, the new factories comply with the highest international standards in Knorr-Bremse AG terms of process organization, work e ciency, logistics and quality. Moosacher Strasse 80 We are investing in the future. 80809 Munich Germany www.knorr-bremse.com Concept Marion Brandlhuber, Knorr-Bremse AG Eva Seifert, Knorr-Bremse AG Copy editing Christine Amft, Knorr-Bremse AG Marion Brandlhuber, Knorr-Bremse AG Photo editing Marion Brandlhuber, Knorr-Bremse AG Cathrin Huber, Munich Editorial support Onno Budelmann, Hanover Uwe Jülichs, Swisttal Robert Lembke, Munich Other image rights Thorsten Rienth, Munich P. 88 Case IH P. 92 Harald Eisenberger Layout and design P. 97 Iakov Filimonov/Shutterstock.com Cathrin Huber, Munich P. 98 Ahmad Faizal Yahya/Shutterstock.com Martin Kleint, KB Media GmbH P. 104 Goldhofer AG Eric Nicolaus, Munich P. 107 DAF Trucks N.V. P. 107 MAN Truck & Bus AG Photo credits Jann Averwerser, Munich English translation Tobi Bohn, Berlin Paul Boothroyd, Schorndorf Martin Hangen, Munich Hugh Keith, Edinburgh Australia Brazil India India Italy USA Thorsten Robert Harms, Munich Bill Maslen, Aberfeldy Granville Itupeva Pune Palwal Buccinasco Westminster Enno Kapitza, Gräfel ng Oli Keinath, Berlin Printed by Nanette Schärf, Worms Weber O set, Munich Contact Knorr-Bremse AG Moosacher Strasse 80 80809 Munich Germany www.knorr-bremse.com Corporate Communications Eva Seifert Tel: +49 89 3547-1402 With six newly opened plants, in 2013 the Knorr-Bremse Group continued its extensive investment Fax: +49 89 3547-1403 program. Within this program the Company is investing in state-of-the-art production equipment E-Mail: [email protected] and buildings around the world. The aim is to drive the strategic expansion and reinforcement of Knorr-Bremse’s global development and production network in order to grow capacities and Credits safeguard the Group’s long-term future. Based on the principles of the globally applicable Knorr- Publisher Bremse Production System, the new factories comply with the highest international standards in Knorr-Bremse AG terms of process organization, work e ciency, logistics and quality. Moosacher Strasse 80 We are investing in the future. 80809 Munich Germany www.knorr-bremse.com Concept Marion Brandlhuber, Knorr-Bremse AG Eva Seifert, Knorr-Bremse AG Copy editing Christine Amft, Knorr-Bremse AG Marion Brandlhuber, Knorr-Bremse AG Photo editing Marion Brandlhuber, Knorr-Bremse AG Cathrin Huber, Munich Editorial support Onno Budelmann, Hanover Uwe Jülichs, Swisttal Robert Lembke, Munich Other image rights Thorsten Rienth, Munich P. 88 Case IH P. 92 Harald Eisenberger Layout and design P. 97 Iakov Filimonov/Shutterstock.com Cathrin Huber, Munich P. 98 Ahmad Faizal Yahya/Shutterstock.com Martin Kleint, KB Media GmbH P. 104 Goldhofer AG Eric Nicolaus, Munich P. 107 DAF Trucks N.V. P. 107 MAN Truck & Bus AG Photo credits Jann Averwerser, Munich English translation Tobi Bohn, Berlin Paul Boothroyd, Schorndorf Martin Hangen, Munich Hugh Keith, Edinburgh Australia Brazil India India Italy USA Thorsten Robert Harms, Munich Bill Maslen, Aberfeldy Granville Itupeva Pune Palwal Buccinasco Westminster Enno Kapitza, Gräfel ng Oli Keinath, Berlin Printed by Nanette Schärf, Worms Weber O set, Munich Overview 02 2013 at a Glance 04 The Executive Board of Knorr-Bremse AG 06 The Supervisory Board of Knorr-Bremse AG 08 Report of the Supervisory Board 10 Management Report Report 32 Introduction 36 Employees 48 Responsibility 62 Knorr Excellence 68 Site-Specific Projects 86 Market Successes 130 Service 146 Products 162 Trade Fairs Consolidated Financial Statements 170 Notes to the Consolidated Financial Statements 187 Consolidated Cash Flow Statement 188 Segment Report 190 Statement of Changes in Group Equity 191 Independent Auditor’s Report 192 Consolidated Balance Sheet 193 Consolidated Statement of Income 194 Main Majority-owned Subsidiaries 2 2013 at a Glance 01 Nadia Thiele joins the board of the Knorr-Bremse Global Care association // Knorr-Bremse Global Care donates EUR 50,000 to the “Advent Calendar for Good Causes” campaign run by the Süddeutsche Zeitung newspaper 02 Spokesman of the Executive Board Dr. Lorenz Zwingmann welcomes Chinese Commercial Counsellor Tao Bialiang to Knorr-Bremse headquarters in Munich // Federal Cargo Company FGK and Knorr-Bremse set up a joint venture in Russia by the name of Knorr-Bremse 1520 // Knorr-Bremse supplies its first ever braking systems for light rail vehicles in China (Guizhou) 03 Knorr-Bremse publishes newly defined global uniform Leadership Principles // The in-house Knorr Excellence and Corporate Responsibility Awards are presented // The 2013 financial statements press conference is staged at headquarters in Munich // Knorr-Bremse’s Munich plant is awarded the “audit berufundfamilie” certificate for its family-friendly HR policy // Chinese subsidiary Knorr-Bremse Rail Vehicles Suzhou Co., Ltd. concludes a strategic alliance with the CNR Group Dalian Locomotive and Rolling Stock Co., Ltd. // US senator Sherrod Brown visits Bendix at the company’s headquarters in Elyria, Ohio, USA // Bendix manufactures the 400,000th ADB22X disc brake at its Bowling Green plant in Kentucky, USA 04 In Itupeva, Brazil, Knorr-Bremse inaugurates a state-of-the-art production plant where both commercial vehicle systems and rail vehicle systems are developed and produced // Knorr-Bremse equips diesel multiple units in the UK with LEADER driver assistance systems // In Kecskemét, Hungary, the cornerstone for a new Commercial Vehicle Systems plant is laid // Swedish subsidiary Knorr-Bremse Nordic Rail Services AB acquires Swedtrac, a local customer services provider for railways // Knorr-Bremse wins the elog@stics award 2013 for innovative concepts in the field of lean manufac- turing of small series and one-off products. 05 Bernd Spies is appointed to the Executive Board of Knorr-Bremse Systeme für Nutzfahrzeuge GmbH // North American subsidiary Knorr Brake Company (KBC) opens its newly built Rail Vehicle Systems plant in Westminster, Maryland, USA // The 25-millionth disc brake comes off the production line at the Knorr-Bremse plant in Aldersbach // Bendix celebrates the 25th anniversary of its production plant in Acuña, Mexico 06 Microelettrica Scientifica opens its new headquarters in Buccinasco, Italy // Knorr-Bremse is voted “Best Brand in the Commercial Vehicle Sector” in the Brake category for the eighth time running // Global Knorr-Bremse Day takes place at all sites across the globe, themed in 2013 around the corporate value “Reliability” with a focus on product and process quality // US Consul General William Möller visits Knorr-Bremse in Munich // Knorr-Bremse supports victims of disastrous flooding in Germany 2013 AT A GLANCE 3 07 Dr. Michael Buscher is appointed Chairman of the Executive Board of Knorr-Bremse AG // Bosch, Knorr-Bremse and ZF found Alltrucks, a joint venture offering a new multi-brand workshop concept for commercial vehicles // As part of its focus on the topic of water, Knorr-Bremse Global Care supports the drilling of three wells in the Kitgum region of Uganda 08 Knorr-Bremse receives one of the largest single orders in the Company’s history to equip the new Hitachi trains in the UK // The Japanese Deputy Minister of Transport, Ichiro Hao, visits the Knorr-Bremse plant in Berlin // Knorr-Bremse