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