Financial Statements and Management Report - Thyssenkrupp

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1.4 Management Report Non-financial performance indicators Non-financial performance indicators Our performance is reflected not only in our financial results, but also in the sustainability of our actions. Sustainability For ThyssenKrupp, sustainability is a core business responsibility and a key driver of innovation. To ensure the company remains viable in the future, we work hard to constantly improve our economic, ecological and social performance. More information on our sustainability- and value-based strategy can be found in the section “Profile and strategy”. Sustainability and responsibility are firmly entrenched in our corporate culture and have long been part of our day-to-day practice. Sustainability management performs an important cross-cutting function in the Group, enabling us to utilize business opportunities and minimize risks. In the reporting year ThyssenKrupp AG underlined its commitment to sustainable development by joining the United Nations Global Compact (UNGC) initiative. Innovations ThyssenKrupp AG coordinates and controls the innovation activities of the subsidiaries Employees On September 30, 2011, ThyssenKrupp AG had 859 employees including apprentices, trainees and student workers, an increase of 7% compared with the end of the previous fiscal year. The workforce structure is characterized by the high level of skills of the employees. At 2.5% sickness absence was again relatively low in 2010/2011. Environment and climate The Executive Board has identified responsible environmental and climate protection as an important corporate objective. To implement this goal we have further expanded our Groupwide environmental and climate management system. In addition our international environmental and climate protection activities will be coordinated by corporate headquarters in the future. Our environmental and climate management system defines uniform requirements to be met by our Group companies around the world, improves internal reporting, and promotes Groupwide knowledge sharing. Corporate citizenship ThyssenKrupp supports the people in the communities in which we operate. We help create a positive environment and promote education and enthusiasm for technology especially among the younger generation – all this is a matter of course for us and creates value for both company and society. In line with our long-standing traditions, we regard ourselves as an active corporate citizen and support initiatives around the world through donations, sponsorships and other means. 10
1.5/1.6 Management Report Subsequent events/Expected developments and associated opportunities and risks Subsequent events There were no reportable events. Expected developments and associated opportunities and risks ThyssenKrupp enters the new fiscal year with confidence – although the economic environment is growing increasingly difficult and is marked by great uncertainties. Economic outlook Expectations for the economy as a whole and the individual sectors in 2012 are marked by great uncertainties. For the industrialized countries in particular, the risk of a further slowdown has increased. The main reasons for this are the turbulence on the financial markets and the consequences of the sovereign debt crisis. On the other hand, despite now noticeable signs of weakening most emerging countries are still showing relatively solid growth, which limits the risk of a global recession. Expected results of operations In fiscal 2011/2012 priority will continue to be given to the implementation of the Group’s Strategic Way Forward. This integrated strategy encompassing portfolio optimization, change management and a strong focus on performance is aimed at improving the Group’s financial situation and increasing our strategic latitude. The corporate program impact is the central platform for this. Our goal in the 2011/2012 fiscal year continues to be to reduce complexity in the Group, cut costs, and improve cash generation on a sustainable basis. In addition we will strive to lower our net financial debt. In the 2012/2013 fiscal year we will work on the structural improvement of the Group and rigorously implement our integrated strategic development plan. This may include among other things measures to achieve sustainable cost reductions or to optimize the portfolio. We will maintain our policy of dividend continuity and continue to pay an appropriate dividend. 11
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Financial Statements and Management Report - Thyssenkrupp

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