Annual report 2009 - Siempelkamp

Business development
in 2009
‘All from one source’ is Siempelkamp’s guideline for the company’s business activities. Established in
numerous world markets, the success of our Group is based on its solid foundation as a 125-year-old
family business.
Today Siempelkamp is made of three strong pillars which reconcile the experience and visionary
entrepreneurship according to the company’s motto ‘traditionally a leader in innovation’. The
machinery and plants, casting technology, and nuclear technology business units with their highly
specialized products and technologies pursue individual market strategies and are global market
leaders in different industrial sectors.
Synergies and highly effi cient networks are implemented wherever opportunities to provide everything
from one source present themselves.
This principle is put into action by the individual business units in their markets. An example is the
machinery and plants business unit which supplies customers with complete plants for the production
of wood-based panels. The 100% ownership of our company locations and our international branch
offi ces support this strategy. The result is a higher vertical range of manufacture!
Business development of the Siempelkamp Group
The fi nancial turmoil triggered by the United States real estate crisis in 2008 led the global economy
into the worst recession since the end of World War II. The business activities collapsed equally in all
industrial nations. Even the previously fast-growing emerging markets had to experience setbacks.
The gross domestic product in Germany dropped by up to 5% and exports fell by an average of
14.7% in 2009. Also in 2009, global production and world trade decreased by 1.1% and 11.5%
respectively.
Sales trend
Thanks to its strong and stable business concept, Siempelkamp nevertheless recorded positive
results for 2009. With an annual turnover of 554 million Euros, we fell short of our previous year
result by 19%. However, against the background of the overall economic conditions, we achieved
an acceptable result.