Annual report 2009 - Siempelkamp
Annual report 2009 - Siempelkamp
Annual report 2009 - Siempelkamp
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Executive Board of G. <strong>Siempelkamp</strong> GmbH & Co. KG<br />
(from left to right): Dr.-Ing. Hans W. Fechner (CEO), Michael Szukala<br />
Foreword<br />
Dear business friends:<br />
<strong>Siempelkamp</strong> continues to close the gaps in its service chain. Therefore, synergies within our Group<br />
can be used effectively for many purposes. The more complete the range of our products, the more<br />
appealing our offerings will be for our worldwide customers who want to make use of the advantages<br />
arising from our ‘all from one source’ concept.<br />
The <strong>Siempelkamp</strong> review for <strong>2009</strong> illustrates this development from two perspectives: On the one<br />
hand, this <strong>report</strong> will provide an extensive overview about our Group’s diverse service offerings which<br />
we have consistently expanded in <strong>2009</strong>. On the other hand, this <strong>report</strong> points out the achievements<br />
which we recorded with the help of our ‘single-source’ concept during the previous year. Without<br />
the synergies of all companies belonging to our Group, this success story would not have been<br />
possible.<br />
Against this background, this annual <strong>report</strong> answers two questions: To what extent did the global<br />
fi nancial and economic crisis impact our objectives? And, to what extent did we succeed in placing<br />
our services within these general conditions in the best possible way and manage to counter these<br />
uncommon infl uences in <strong>2009</strong> with a long-term solid concept?<br />
The answer to question one: Against the background of the fi nancial and economic crisis in <strong>2009</strong>,<br />
the business results for all three fi elds of activity have been positive in <strong>2009</strong>. Though the total order<br />
value of 329.8 million Euros was clearly below the record setting results of 2007 and 2008, the<br />
total turnover of 555 million Euros and an EBITDA margin of 8% let us be very satisfi ed with the<br />
results for <strong>2009</strong>.