Annual report 2009 - Siempelkamp

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