Annual report 2009 - Siempelkamp

Positioning in the market
Compared to the European market, the positioning of Siempelkamp Foundry is very stable.
This can be attributed to several circumstances:
On the one hand there is our balanced portfolio for the different sectors that we supply; on the
other hand the trust of our customers in us and the long-term stable supply relationship resulting
from this trust.
The fl exibility that we use to react to the different market mechanisms is also noteworthy.
We have used the crisis to start programs aiming at effi ciency increases and further improvements
of the product quality. Furthermore, we have gained new customers in foreign countries.
Sales trend
Due to the good order backlogs and the high number of new orders in 2008, we were able to
maintain our sales volume at the 2007 level. Nevertheless, the sales volume of 105.38 million
Euros fell 14% short of the previous year fi gures. In view of the short processing time for our
projects, we have achieved a respectable capacity utilization despite the losses we experienced.
The share of foreign sales amounted to 47.5% in 2009 which is slightly higher than in 2008
(44.2%). The European countries other than Germany represent 60.1% of this fi gure.
Total order value
Due to the exceptional situation and certain extraordinary effects in 2008, the total order value
went down to the expected level in 2009.
An order backlog of over 180 million Euros guarantees the use of our capacities well into the
year 2011.
Employees
At the December 31, 2009 cut-off date, we employed 471 employees and 30 trainees. This number
refl ects 35 less full-time employees compared to the previous year.
Outlook
Foundry products
Well-fi lled order books allow for a good starting position in international competition in 2010 and
the following years.
We are expecting new orders primarily from the following sectors: energy conversion (the planning
phase for many offshore wind farms goes into the implementation phase), raw materials extraction,
and general machine building. In these sectors we are especially well-positioned and are anticipating
increased production in 2010.
Siempelkamp
Business development
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