Annual Report 2007 - Muehlhan AG
Annual Report 2007 - Muehlhan AG
Annual Report 2007 - Muehlhan AG
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4<br />
overall, the <strong>Muehlhan</strong> Group emerged invigorated from the events of the <strong>2007</strong> fiscal year. our aim, therefore,<br />
is to earn a reasonable profit again from the market conditions in marine surface protection, which are<br />
still excellent. in the short term and intermediate term, the marine business segments in Europe promise<br />
great potential for our similar business segment services in the area of scaffolding / access technology.<br />
as a result, the newbuilding boom in the coming years will lead to a strongly increasing demand for repair<br />
work in the future as well, and will affect this submarket for the next few decades. With lucrative contracts<br />
in bridge renovation and in the wind energy segment, <strong>Muehlhan</strong> has its opportunity to win new customers<br />
and develop new submarkets step by step through diversified services, independent of individual business<br />
segments and their fluctuations.<br />
as such, the course for 2008 is clearly dictated: after the operational and organizational adaptations in the<br />
year <strong>2007</strong>, we will press forward, focused on our core business in all four business segments. the adaptations<br />
initiated will cause <strong>Muehlhan</strong> to be able to redevelop its power in the market and restore profitability<br />
and earnings ability!<br />
We thank all our company’s employees for their high commitment. and finally, our special thanks go to our<br />
shareholders, investors, business partners and friends who accompanied us during the past fiscal year.<br />
Sincerely yours<br />
dr andreas C. Krüger bernd Janssen Carsten Ennemann<br />
Hamburg in March 2008