BSH at a Glance 2012
BSH at a Glance 2012
BSH at a Glance 2012
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<strong>BSH</strong> <strong>at</strong> a <strong>Glance</strong> <strong>2012</strong><br />
<strong>BSH</strong> BOSCH UND SIEMENS HAUSGERÄTE GMBH
Main Brands<br />
Special Brands<br />
Regional Brands<br />
TM<br />
TM
| The <strong>BSH</strong> Brand Portfolio<br />
Brands are part to the most important ingredients in<br />
global competition. For the company they belong to<br />
its most precious assets and for the customers they<br />
are a pivotal symbol engendering trust and providing<br />
guidance.<br />
Bosch and Siemens: these two brands are known<br />
worldwide and have a long history, underpinning our intern<strong>at</strong>ional<br />
success. Bosch stands for reliable, durable<br />
products; Siemens stands for innov<strong>at</strong>ion, leading-edge<br />
technology and quality design.<br />
The <strong>BSH</strong> brand portfolio includes the special brands<br />
Gaggenau and Neff, Thermador, Constructa, Viva, Ufesa<br />
and Junker. These ensure we meet the wide-ranging<br />
requirements of our various customers.<br />
Regional brands are the market leaders which garner<br />
respect in their countries of origin. Brands with which our<br />
regional consumers particularly identify include Balay<br />
in Spain, Pitsos in Greece, Profilo in Turkey and Coldex<br />
in Peru. Such brands help strengthen <strong>BSH</strong>’s position in<br />
these countries.<br />
3
4<br />
Das Vollflächeninduktions-Kochfeld CX 480.<br />
| Products for Day-to-Day Living<br />
Cooking<br />
Washing and Drying<br />
Dishwashing<br />
Refriger<strong>at</strong>ion and Freezing<br />
Consumer Products<br />
01 Mehr Flexibilität und Freizügigkeit. Mit dem Vollflächeninduktions-Kochfeld CX 480 von Gaggenau is<br />
Fläche als Kochzone nutzbar. Das Kochgeschirr wird autom<strong>at</strong>isch erkannt und dort erhitzt, wo es gerad
t erstmals die gesamte<br />
e steht.<br />
5
6<br />
Appliances from the <strong>BSH</strong><br />
brand portfolio received<br />
114 awards as Best-Buy<br />
or Best-in-Test winners<br />
during 2011.<br />
For the sixth successive time<br />
the retail chain Euronics<br />
named <strong>BSH</strong> Supplier of<br />
the Year.
| <strong>BSH</strong> Stands for Trust<br />
Each one of our brands stands for the highest quality,<br />
outstanding design and excellent service. We make<br />
every endeavor to ensure th<strong>at</strong> dealers and consumers<br />
around the world experience <strong>BSH</strong> as a competent,<br />
dependable and fair partner.<br />
Appliances from the <strong>BSH</strong> brand portfolio received 114<br />
awards as Best-Buy or Best-in-Test winners in 145 evalu<strong>at</strong>ions<br />
run by German consumer body Stiftung Warentest<br />
and comparable product tests conducted in other<br />
countries throughout Europe during 2011.<br />
We achieved particularly good results in Austria, Germany,<br />
the UK, the Netherlands and France. The accur<strong>at</strong>e<br />
labeling of our appliances enables our customers to<br />
have absolute confidence in their purchase.<br />
The retail sector too, can rely on our being a fair and reliable<br />
partner in their commercial activities. In 2011 the<br />
retail chain Euronics named us “Supplier of the Year”<br />
for the sixth successive time.<br />
7
8<br />
On the p<strong>at</strong>ent front, <strong>BSH</strong><br />
is among the top 10 first<br />
applicants in Germany.<br />
140 design accolades were<br />
awarded for products of <strong>BSH</strong><br />
brands in 2011, including the<br />
Design Prize of the Federal<br />
Republic of Germany.
| <strong>BSH</strong> Stands for Innov<strong>at</strong>ion<br />
We have traditionally put quality and innov<strong>at</strong>ion high<br />
on the agenda, and they are the factors behind our<br />
success on the intern<strong>at</strong>ional competitive stage. We<br />
cre<strong>at</strong>e products which make life easier and more<br />
agreeable for people right across the world, thanks to<br />
their intelligent technology, high performance, gre<strong>at</strong>er<br />
convenience and user-friendliness. The design of our<br />
appliances defies intern<strong>at</strong>ional standards.<br />
The number of p<strong>at</strong>ent applic<strong>at</strong>ions is also a mark of the<br />
innov<strong>at</strong>iveness shown by <strong>BSH</strong>’s developers. In <strong>2012</strong>,<br />
the company was once again among the top 10 first<br />
applicants in Germany.<br />
The outstanding achievements of our designers have<br />
earned them 140 awards, including such prestigious<br />
honors as the Design Prize of the Federal Republic of<br />
Germany and the iF product design award.<br />
9
10<br />
In <strong>2012</strong>, <strong>BSH</strong> has received<br />
the “Top Employers” certific<strong>at</strong>ion<br />
in Germany from the<br />
CRF Institute for the sixth<br />
consecutive year – and for<br />
the first time in Poland and<br />
the Netherlands.
| <strong>BSH</strong> Stands for Attractive Career<br />
Opportunities<br />
We regard our company as a global network supported<br />
by open dialog between different people from different<br />
cultures. Mutual respect, fairness in dealings with<br />
others and partnership-based leadership which encourages<br />
achievement are of crucial importance here.<br />
Our forward-looking personnel development and continuous<br />
qualific<strong>at</strong>ion measures enable our employees<br />
to make the most of their potential. This makes <strong>BSH</strong><br />
one of the most <strong>at</strong>tractive employers in industry.<br />
In <strong>2012</strong>, <strong>BSH</strong> has received the “Top Employers” certific<strong>at</strong>ion<br />
in Germany from the CRF Institute for the sixth<br />
consecutive year – and for the first time in Poland and<br />
the Netherlands.<br />
We’re also among the best companies in the ranking for<br />
“Top Employers for Engineers”. As in the previous year,<br />
we won the first place in the “Innov<strong>at</strong>ion Management”<br />
c<strong>at</strong>egory in <strong>2012</strong>.<br />
<strong>BSH</strong> offers its employees worldwide a comprehensive,<br />
demand-oriented qualific<strong>at</strong>ion program by the <strong>BSH</strong><br />
Academy, as well as <strong>at</strong>tractive career and development<br />
opportunities. With our intern<strong>at</strong>ional pools, such as the<br />
Junior Executive Pool (JEP) and the Intern<strong>at</strong>ional Executive<br />
Pool (IEP), we foster highly-motiv<strong>at</strong>ed talent with<br />
the potential for further development within the company.<br />
The Senior Executive Program (SEP) is designed<br />
to prepare senior management employees for corpor<strong>at</strong>e<br />
key positions.<br />
11
12<br />
With sales of more than 9.6<br />
billion euros and over 45,000<br />
employees worldwide, <strong>BSH</strong> is<br />
the market leader in the home<br />
appliance sector in Europe,<br />
and the global number 3.
| <strong>BSH</strong> Stands for Added Value<br />
Our entrepreneurial activities are directed towards<br />
profitable growth, sustainable increases in value and<br />
the long-term safeguarding of <strong>BSH</strong> as a company. We<br />
regard the nurturing of our parent companies’ brands<br />
as our mission and oblig<strong>at</strong>ion. By undertaking permanent<br />
benchmarking and consistently orienting ourselves<br />
towards the very best, we constantly improve<br />
our positions in the competitive field, and give ourselves<br />
the freedom of action to shape our future.<br />
The gr<strong>at</strong>ifying development of our business during 2011<br />
confirms th<strong>at</strong> we have embarked on the right course.<br />
<strong>BSH</strong> has already been investing for decades in the<br />
development and optimiz<strong>at</strong>ion of home appliances th<strong>at</strong><br />
combine maximum convenience and <strong>at</strong>tractive product<br />
design with especially low resource consumption.<br />
This str<strong>at</strong>egy requires plenty of stamina, which we<br />
indeed have thanks to our ownership structure. The<br />
growing demand for our products is proof th<strong>at</strong> we offer<br />
the right answers to counter mounting competition from<br />
manufacturers. By opting for our products, consumers<br />
express their appreci<strong>at</strong>ion of the inventive spirit and<br />
determin<strong>at</strong>ion of our developers.<br />
13
14<br />
Environmental and clim<strong>at</strong>e<br />
protection have been firmly<br />
embedded in the corpor<strong>at</strong>e<br />
str<strong>at</strong>egy for decades. With<br />
energy-saving and w<strong>at</strong>erconserving<br />
home appliances,<br />
<strong>BSH</strong> contributes to the<br />
sustainable protection of<br />
resources.
| <strong>BSH</strong> Stands for Responsibility<br />
We acknowledge our social responsibility. Wherever we<br />
oper<strong>at</strong>e, our actions are in accordance with the law and<br />
with the principles set out in the United N<strong>at</strong>ions Global<br />
Compact in rel<strong>at</strong>ion to human rights, labor rel<strong>at</strong>ions<br />
and environmental protection. By our responsible and<br />
conserv<strong>at</strong>ion-minded tre<strong>at</strong>ment of resources we set<br />
standards for sustainable development. Our dealings<br />
with employees, business partners and shareholders<br />
are guided by honesty and integrity.<br />
As a member of the Global Compact and sign<strong>at</strong>ory to the<br />
Code of Conduct of CECED, the European Committee of<br />
Domestic Equipment Manufacturers, we have committed<br />
to maintaining high environmental and social standards<br />
<strong>at</strong> all our oper<strong>at</strong>ing loc<strong>at</strong>ions.<br />
We have set ourselves the objective of achieving a 25<br />
percent reduction in the resources used in our production<br />
and administr<strong>at</strong>ion activities in rel<strong>at</strong>ion to the amount of<br />
appliances produced by 2015. <strong>BSH</strong> has received honors<br />
including Germany’s Innov<strong>at</strong>ion Prize for Clim<strong>at</strong>e and<br />
Environment, as well as the country’s Sustainability<br />
Award, the n<strong>at</strong>ional award of the Spanish Ministry for<br />
the Environment and the Environmental Award of the<br />
US Environmental Protection Agency.<br />
<strong>2012</strong> saw the German Federal Government and Associ<strong>at</strong>ion<br />
of German Chambers of Industry and Commerce<br />
(DIHK) admitted <strong>BSH</strong> to the group of clim<strong>at</strong>e protection<br />
companies. We became the first company in Europe to<br />
be awarded CO 2 certific<strong>at</strong>es for environmentally friendly<br />
freight transport by rail.<br />
15
16<br />
| Economic Development<br />
Despite difficult oper<strong>at</strong>ing conditions during fiscal year<br />
2011, <strong>BSH</strong> posted a year-on-year increase of 6.4 percent<br />
in group sales to 9.654 billion euros. In spite of some<br />
neg<strong>at</strong>ive effects from exchange r<strong>at</strong>es and rising raw<br />
m<strong>at</strong>erial costs, <strong>BSH</strong> was able to record a consolid<strong>at</strong>ed net<br />
profit of 373 million euros.<br />
This positive development was to a significant degree<br />
<strong>at</strong>tributable to our home market: With sales growth of<br />
more than eight percent in Germany <strong>BSH</strong> grew stronger<br />
than the German home appliances market. However, the<br />
main growth drivers for <strong>BSH</strong> are outside Germany. As<br />
in previous years, our business developed particularly<br />
strongly in Turkey and Russia, as well as in China, though<br />
in the l<strong>at</strong>ter case growth slowed slightly. We did, however,<br />
suffer declines in some Western European markets<br />
and in the U.S.<br />
To maintain and strengthen our position among the<br />
world’s leading home appliance manufacturers, we not<br />
only invested just under 300 million euros in research<br />
and development in the year under review, but also 453<br />
million euros in new production plants and in extending<br />
capacity <strong>at</strong> existing factories in Germany and abroad.<br />
True to our sustainable growth str<strong>at</strong>egy, we paid strict<br />
<strong>at</strong>tention to maintaining a sound financial position with<br />
low third-party indebtedness in these endeavors. Our<br />
solid financial figures and positive outlook were also<br />
recognized by intern<strong>at</strong>ional r<strong>at</strong>ing agency Standard &<br />
Poor’s, which once again confirmed our outstanding “A”<br />
credit r<strong>at</strong>ing.
| Summary of Past Performance<br />
(Group)<br />
in EUR million 2011 2010 2009 2008 2007<br />
Sales revenue 9,654 9,073 8,405 8,758 8,818<br />
Year-to-year change (%) 6 8 – 4 – 1 6<br />
Intern<strong>at</strong>ional sales<br />
revenue proportion (%)<br />
Employees (in thousands<br />
<strong>at</strong> 01.01. of the following<br />
79 79 78 80 81<br />
year) 45.6 42.8 39.6 40.3 39.0<br />
Personnel expenses *<br />
Capital expenditure<br />
1,893 1,807 1,688 1,646 1,663<br />
on fixed assets **<br />
As percentage of sales<br />
453 403 294 382 378<br />
revenue<br />
Depreci<strong>at</strong>ion, amortiz<strong>at</strong>ion<br />
and impairment<br />
4.7 4.4 3.5 4.4 4.3<br />
losses on fixed assets **<br />
As percentage of capital<br />
296 298 320 299 257<br />
expenditure 65 74 109 78 68<br />
Balance sheet total 7,435 6,901 6,443 6,173 6,276<br />
Fixed assets and noncurrent<br />
financial assets 2,655 2,688 2,496 2,349 2,374<br />
Inventories<br />
Trade receivables from<br />
sales of goods and<br />
services and other<br />
1,305 1,226 1,032 1,074 1,103<br />
current assets 2,691 2,199 1,954 2,031 2,053<br />
Equity<br />
As percentage of total<br />
2,409 2,408 2,535 2,396 2,372<br />
equity and liabilities 32 35 39 39 38<br />
Provisions 1,760 1,857 1,702 1,593 1,673<br />
EBITDA * 943 1,052 905 867 949<br />
EBIT * 647 754 585 568 692<br />
Profit before tax 538 691 517 510 637<br />
Consolid<strong>at</strong>ed profit 373 465 324 311 411<br />
* 2007 – 2010 values after adjusting the reporting of interest expenses<br />
and income from plan assets from pension, semi-retirement and<br />
long service bonus oblig<strong>at</strong>ions.<br />
** Excluding goodwill.<br />
17
18<br />
| Milestones<br />
1967<br />
� Founding of <strong>BSH</strong> Bosch und<br />
Siemens Hausgeräte GmbH as<br />
a joint venture between Robert<br />
Bosch GmbH and Siemens AG<br />
1972<br />
� Fully-autom<strong>at</strong>ic washer/dryer<br />
1976<br />
� The Greek brand Pitsos forms<br />
part of <strong>BSH</strong><br />
1982<br />
� The brand Neff forms part of <strong>BSH</strong><br />
1986<br />
� Aqua-Stop System for dishwashers<br />
(100% protection against<br />
w<strong>at</strong>er damage)<br />
1987<br />
� 45-cm dishwasher<br />
1988<br />
� CLOU, the non-tipping pull-out<br />
oven shelf system<br />
1988/89<br />
� The Spanish brand Balay forms<br />
part of <strong>BSH</strong><br />
1991<br />
ⓦ Corpor<strong>at</strong>e Environmental<br />
Protection department set up and<br />
first <strong>BSH</strong> Environmental Report<br />
published<br />
1993<br />
� Discontinuing use of CFCs/HFCs<br />
in Europe<br />
1994<br />
ⓦ Establishment of environmental<br />
management system and approval<br />
of a binding group-wide environmental<br />
policy<br />
� Innov<strong>at</strong>ion<br />
ⓦ Sustainability<br />
� Corpor<strong>at</strong>e development<br />
1995<br />
� The Turkish brand Profilo forms<br />
part of <strong>BSH</strong><br />
1996<br />
� <strong>BSH</strong> products manufactured and<br />
marketed in China<br />
� The Peruvian brand Coldex forms<br />
part of <strong>BSH</strong><br />
1997<br />
ⓦ Innov<strong>at</strong>ive vacuum cleaner motor<br />
design for improved energy efficiency<br />
and higher suction power<br />
1998<br />
� The Thermador brand forms part<br />
of <strong>BSH</strong><br />
1999<br />
� Steam oven with fixed w<strong>at</strong>er<br />
connection<br />
ⓦ Production of the country’s first<br />
CFC-/HFC-free refriger<strong>at</strong>ors in China<br />
2000<br />
ⓦ Approval of globally valid occup<strong>at</strong>ional<br />
health and safety guidelines<br />
� Fully autom<strong>at</strong>ic dishwasher<br />
2002<br />
� SLIDE & HIDE ® , the fully retractable<br />
oven door<br />
� QuantumSpeed – Cooking with<br />
fiber optic technology<br />
2003<br />
� Washing machine with stain<br />
tre<strong>at</strong>ment table<br />
2004<br />
ⓦ <strong>BSH</strong> signs up to UN Global<br />
Compact
2005<br />
ⓦ Code of Conduct of the European<br />
Committee of Domestic Equipment<br />
Manufacturers CECED signed<br />
� Dishwasher with AquaVario<br />
(autom<strong>at</strong>ic spray pressure adjustment)<br />
2006<br />
� Dishwasher with VarioSpeed (full<br />
performance <strong>at</strong> double the speed)<br />
2007<br />
� New gener<strong>at</strong>ion of fridge-freezer<br />
combin<strong>at</strong>ion appliances with autom<strong>at</strong>ic<br />
defrost (NoFrost)<br />
ⓦ Exchange scheme for obsolete<br />
refriger<strong>at</strong>ors in Brazilian shanty<br />
towns<br />
� Power-saving compressor technology<br />
and aerodynamic systems<br />
integr<strong>at</strong>ed into vacuum cleaners<br />
2008<br />
� He<strong>at</strong> pump technology cre<strong>at</strong>es<br />
world’s most energy-saving dryer<br />
� Intelligent he<strong>at</strong>ing system (sensoflowsystem)<br />
plus fully autom<strong>at</strong>ic<br />
ceramic valves for hot beverage<br />
machines<br />
� World’s most energy-efficient<br />
dishwasher, fe<strong>at</strong>uring Zeolith ®<br />
drying system<br />
� Induction cooktop with LCD<br />
screen<br />
ⓦ Launch of the Energy Excellence<br />
Initi<strong>at</strong>ive: Group-wide control of<br />
all marketing and sales activities<br />
rel<strong>at</strong>ed to energy efficiency<br />
ⓦ Balance calcul<strong>at</strong>ion for <strong>BSH</strong>’s<br />
corpor<strong>at</strong>e carbon-dioxide emissions<br />
ⓦ Introduction of Compliance<br />
Management<br />
2009<br />
� 7-liter dishwasher<br />
2010<br />
� i-DOS autom<strong>at</strong>ic detergent<br />
dosing, precise-to-the-milliliter,<br />
reduces w<strong>at</strong>er consumption<br />
� Flexible induction cooktops<br />
� New NoFrost fridge-freezer combin<strong>at</strong>ion<br />
with HydroFresh in A +++<br />
2011<br />
� sensorIntelligence steam iron<br />
with single basic setting for all ironable<br />
fabrics.<br />
� New premium class washing<br />
machines and dryers: iQ 800 and<br />
HomeProfessional<br />
� New st<strong>at</strong>ic pl<strong>at</strong>form for fridge/<br />
freezer combin<strong>at</strong>ions (coolEfficiency/Smart<br />
Cool) with A ++<br />
ⓦ Corpor<strong>at</strong>e Responsibility and<br />
Sustainability department set up<br />
� Full-surface induction with TFT<br />
Touch Display<br />
� Technology Center for Laundry<br />
Care opens in Berlin – Competence<br />
center for washing and drying<br />
technologies<br />
� Coffee competence center opens<br />
in Traunreut – development of<br />
autom<strong>at</strong>ic drinks machines<br />
<strong>2012</strong><br />
ⓦ <strong>BSH</strong> is the first company in<br />
Europe to receive CO2 certific<strong>at</strong>es<br />
for environmentally friendly freight<br />
transport by rail<br />
ⓦ German Federal Government and<br />
Associ<strong>at</strong>ion of German Chambers<br />
of Industry and Commerce (DIHK)<br />
admit <strong>BSH</strong> to clim<strong>at</strong>e protection<br />
companies grouping<br />
19
20<br />
| Board of Management<br />
Dr. sc. pol. Kurt-Ludwig Gutberlet<br />
Chairman<br />
Corpor<strong>at</strong>e Str<strong>at</strong>egy,<br />
Corpor<strong>at</strong>e Communic<strong>at</strong>ions,<br />
Law and Industrial Policy,<br />
Compliance,<br />
Corpor<strong>at</strong>e Responsibility,<br />
Internal Audit,<br />
Inform<strong>at</strong>ion Security,<br />
Consumer Products,<br />
Customer Service<br />
Johannes Närger<br />
Finance and M&A,<br />
Balancing, Accounting,<br />
Corpor<strong>at</strong>e Development and<br />
Controlling,<br />
Labor Rel<strong>at</strong>ions Director, Human<br />
Resources,<br />
D<strong>at</strong>a Protection,<br />
Inform<strong>at</strong>ion Technology,<br />
Purchasing,<br />
Tax, Customs,<br />
Insurance,<br />
Process and Performance Management<br />
Jean Dufour<br />
Corpor<strong>at</strong>e Sales,<br />
Brand Management,<br />
Logistics<br />
Winfried Seitz<br />
Product Area Dishwashers,<br />
Product Area Cookers,<br />
Product Area Cooling,<br />
Product Area Laundry Care,<br />
Electronic Systems and Drives,<br />
Corpor<strong>at</strong>e Technology,<br />
Environmental,<br />
Occup<strong>at</strong>ional, Health,<br />
Fire and Disaster Protection
Jean Dufour,<br />
Winfried Seitz,<br />
Johannes Närger,<br />
Dr. Kurt-Ludwig Gutberlet<br />
(from left to right)<br />
21
22<br />
Irvine<br />
•<br />
• Lisbon<br />
• Mexico City<br />
• Toronto<br />
�� New Bern<br />
La Follette �<br />
�� Lima<br />
• São Paulo<br />
Buenos Aires ••<br />
Montevideo<br />
Oslo •<br />
Casablanca •<br />
Stockholm •<br />
Nauen �<br />
� Berlin<br />
Milton Keynes •<br />
• Amsterdam<br />
Warsaw •<br />
Lodz ���<br />
Brussels •<br />
Bad Neustadt � • Prague<br />
Luxembourg • � Bretten<br />
Giengen � • Regensburg<br />
Paris • Dillingen � � Munich<br />
Lipsheim �<br />
• Vienna<br />
�� Traunreut<br />
Geroldswil •<br />
Budapest •<br />
Santander �<br />
Vitoria �<br />
• Huarte<br />
Estella � � Esquiroz<br />
Zaragoza • � La Cartuja<br />
�� Montañana<br />
Milan •<br />
• Ballerup<br />
•� Nazarje
• Tel Aviv<br />
• Dubai<br />
• Jeddah<br />
• Johannesburg<br />
• Helsinki<br />
•� Michalovce<br />
• Mumbai<br />
•�� St. Petersburg<br />
• Bucharest<br />
Çerkezköy ����� • Istanbul<br />
•�� Athens<br />
• Kiev<br />
Chuzhou �<br />
•���� Nanjing<br />
� Wuxi<br />
• Hong Kong<br />
� Kabinburi<br />
• Bangkok<br />
• Kuala Lumpur<br />
• Singapore<br />
• Moscow<br />
<strong>BSH</strong> Worldwide<br />
Factories:<br />
� Cooking<br />
� Refriger<strong>at</strong>ion/Freezing<br />
� Dishwashing<br />
� Washing/Drying<br />
� Consumer Products<br />
� Motors, pumps<br />
� Group headquarters<br />
• Subsidiaries
<strong>BSH</strong> Bosch und Siemens<br />
Hausgeräte GmbH<br />
Carl-Wery-Str. 34<br />
81739 Munich, Germany<br />
Tel. +49 89 4590-01<br />
Fax +49 89 4590-2347<br />
www.bsh-group.com<br />
Media contact:<br />
Corpor<strong>at</strong>e Communic<strong>at</strong>ions<br />
Tel. +49 89 4590-2809<br />
Fax +49 89 4590-2128<br />
corpor<strong>at</strong>e.communic<strong>at</strong>ions@bshg.com<br />
<strong>BSH</strong> <strong>at</strong> a <strong>Glance</strong> and the public<strong>at</strong>ions<br />
listed below are available in<br />
German and English:<br />
• Group Annual Report 2011<br />
• Sustainability Report 2011<br />
• Our Super Efficiency Portfolio 2011<br />
This public<strong>at</strong>ion was printed<br />
clim<strong>at</strong>e neutrally on FSC-certified<br />
paper.<br />
Right of amendment reserved,<br />
errors excepted.<br />
Printed in Germany. May <strong>2012</strong>.<br />
© <strong>BSH</strong> Bosch und Siemens<br />
Hausgeräte GmbH<br />
Reproduction and use in all media,<br />
whether complete or in part, is<br />
subject to approval.