Annual Report 2007 - Muehlhan AG

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4 overall, the Muehlhan Group emerged invigorated from the events of the 2007 fiscal year. our aim, therefore, is to earn a reasonable profit again from the market conditions in marine surface protection, which are still excellent. in the short term and intermediate term, the marine business segments in Europe promise great potential for our similar business segment services in the area of scaffolding / access technology. as a result, the newbuilding boom in the coming years will lead to a strongly increasing demand for repair work in the future as well, and will affect this submarket for the next few decades. With lucrative contracts in bridge renovation and in the wind energy segment, Muehlhan has its opportunity to win new customers and develop new submarkets step by step through diversified services, independent of individual business segments and their fluctuations. as such, the course for 2008 is clearly dictated: after the operational and organizational adaptations in the year 2007, we will press forward, focused on our core business in all four business segments. the adaptations initiated will cause Muehlhan to be able to redevelop its power in the market and restore profitability and earnings ability! We thank all our company’s employees for their high commitment. and finally, our special thanks go to our shareholders, investors, business partners and friends who accompanied us during the past fiscal year. Sincerely yours dr andreas C. Krüger bernd Janssen Carsten Ennemann Hamburg in March 2008
Executive Bodies executive board Dr Andreas C. Krüger Hamburg ManageMent divisions share Group ManaGeMent report Group Consolidated FinanCial stateMents dr andreas C. Krüger Carsten Ennemann bernd Janssen Chairman of the Executive board, CEo in charge of: Strategy, Marketing, business development and Sales dr andreas C. Krüger is an engineering graduate with a dipl.-ing. degree. He has worked as a manager and a board member of German and foreign industrial companies. after serving on the board of friactec aG in Mannheim he worked as an interim manager in 2002. He took over as CEo of the Muehlhan Group in 2005. Carsten Ennemann Hamburg Member of the Executive board, Cfo in charge of: finance, Controlling, investor relations, legal, Human resources and financial audit Carsten Ennemann is a graduate in business administration. following positions as a balance sheet auditor with an auditing firm based in Hamburg and as Cfo for the German branch of Suez S.a., the Sita deutschland GmbH, in 2005 he moved to the management of pVG projektierung und Verwaltungsgesellschaft mbH. in 2006 he assumed the position of Cfo of the Muehlhan Group. Bernd Janssen buchholz Member of the Executive board, Coo in charge of: operations, Materials Management, it and technical audit bernd Janssen is a business economics graduate. after various management posts in accounts and controlling at shipyards and aviation companies he joined a North German publishing firm in 1992 as its commercial manager, moving in 1996 as Cfo to the Muehlhan Group’s top management. 5
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ManaGeMent divisions share Group Ma
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3. FINANCIAL ASSETS ManaGeMent divi
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sand (previous year: Eur 13,053 tho
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other provisions developed as follo
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eakdown by divisions: ManaGeMent di
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Statement of the Auditors´ Report
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ussia Muehlhan Morflot OOO 198035 S
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Contacts and Financial Calendar mue
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Annual Report 2007 - Muehlhan AG

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