A hundred-year balance Annual Report 2010 - Uzin Utz AG

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Equity Holdings (figures according to local GAAP) Company Place Share of Capital in % Equity in TEUR Net income in TEUR Uzin Dr. Utz Ges. mbH AT, Wien 100.00 -408 -32 Unipro-Belgie N.V. BE, Gent 99.98 923 215 Uzin Tyro AG CH, Buochs 100.00 5,210 889 Sifloor AG CH, Sursee 100.00 7,393 113 DS Derendinger AG **) CH, Thörishaus 100.00 1,110 237 Uzin Utz Construction Materials Co. Ltd. CN, Shanghai 90.00 -298 36 Uzin s.r.o. CZ, Prag 100.00 1,081 171 artiso solutions GmbH DE, Blaustein 50.00 142 27 Artiso AG *) DE, Blaustein 50.00 30 3 RZ Reinigungs- und Pflegesysteme GmbH DE, Meckenheim 100.00 -1,943 84 Genial Produkte GmbH DE, Meckenheim 100.00 -1,491 1 Hermann Frank GmbH & Co. KG Hermann Frank Verwaltungs GmbH *) BIL LEASING Verwaltungs GmbH & Co. 870 KG Objekteure Verwaltungsgesellschaft mbH *) Utz Beteiligungs GmbH DE, Oberderdingen DE, Oberderdingen DE, Pullach DE, Ulm DE, Ulm 100.00 100.00 94.00 100.00 100.00 735 30 -2,797 29 -46 -164 1 798 1 -19 Uzin Utz AG DE, Ulm - 46,112 6,473 JP Coatings GmbH DE, Würzburg 100.00 6,032 784 Uzin France SAS FR, Paris 100.00 2,196 234 Uzin Limited GB, Leamington Spa 100.00 1,447 433 Unikem d.o.o. HR, Zagreb 50.00 265 1 Uzin Utz Magyarország Kft. **) HU, Budapest 90.00 -34 -90 Unipro B.V. NL, Haaksbergen 100.00 4,597 1,266 Ufloor Systems NZ Ltd. NZ, Whangaparaoa 90.00 225 31 Uzin Polska Produkty Bodowlane Sp.zo.o. PL, Legnica 100.00 3,623 557 Uzin Polska Sp.zo.o. PL, Legnica 100.00 1,718 262 P.T. Uzin Utz Indonesia RI, Jakarta 49.00 1,146 141 Unihem Trading d.o.o. RS, Belgrad 50.00 -140 -24 Unihem d.o.o. SLO, Ljubljana 50.00 3,172 293 Utz Inc. USA, Aurora 100.00 219 -1 Ufloor Systems Inc. USA, Aurora 90.00 -1,412 217 Production and sales site Sales site 48
Uzin Utz Aktiengesellschaft, Ulm (Donau) Situation Report of the Uzin Utz Group for the Business Year from 1st January 2010 to 31st December 2010* Business performance and framework conditions Business performance, business activities and framework conditions Development of the sector and the overall economy Following the greatest recession of the post-war era in the year 2009, the world economy recovered faster than expected in the year 2010. According to the information of the World Bank, global GDP growth in the past year reached 3.9%. This however gives rise to the question of the sustainability of this positive development. National economic programmes to cushion the recession have created budget deficits and debt levels of almost unheard-of dimensions. In addition to the concerns over a relapse in the USA and the prospect of a more restrictive monetary policy in China, the European Union in particular is also faced with a major challenge. Continual reports of Euro-countries with severe financial problems are putting increasing pressure on the system of the European Union and its common currency. » The German economy in the year 2010 was typical of the worldwide upturn. Germany is justifiably referred to as the “growth engine” of the European economic region. At the end of the year 2010, Germany had achieved a GDP growth of 3.6%. Strong growth was achieved particularly in the engineering and automotive sectors. Medium-sized German companies in particular benefited from the economic upturn, with consequent noticeable positive effects on the employment market. The main supporting pillar of economic development in Germany is the export boom. In the future however, the heavy dependency on China and the financial difficulties of many EU-countries will constitute a risk factor for German foreign trade. Nevertheless, economic institutes continue to forecast growth of 2.1% to 2.4% for the German economy in the year 2011. » In the construction sector, the upturn which started at the end of 2009 could not be continued into the early months of 2010 because of the weather. The unusually cold winter caused a declined in turnover in the construction sector of 17.2% in the first 3 months in comparison to the same period of the previous year. The sector recovered over the course of the year, although with an overall decline in turnover of 1%, it was not able to join in the general economic upturn. » With a decline in turnover of 4.5% in the year 2010, the German commercial construction sector was a major contributor to the low level of optimism in the construction sector as a whole. If the overall economic upturn continues in the year 2011 however, commercial construction will also benefit accordingly. In this case, experts forecast an increase in turnover of around 1%. » The economic programmes instituted by the central government were also unable to revitalise business in the public construction sector, as becomes clear from the fall in turnover of 3% in the year 2010. Nor is any recovery expected in this area in the near future. Severely affected by the low willingness to invest in the communal area, a further decline in turnover of 4.5% is anticipated in the year 2011. » A clear recovery trend can be seen in residential construction, where turnover increased by 6%. This has been brought about mainly by the stabilisation of income expectations in the course of the economic upturn, a revival of interest of investors in residential properties, continuing low interest rates and the high level of subsidisation for the energy renovation of the housing stock. » In 2011, the positive developments in residential construction will most probably not suffice to compensate satisfactorily for the decline in public construction. As the President of the Hauptverband der Deutschen Bauindustrie (National Association of the German Construction Industry), Dipl.-Ing. Herbert Bodner announced at the beginning of the year, the best that could be hoped for was stable turnover, or possibly even a further decline. Assessment of the company management The year 2010 was a very successful business year for the Uzin Utz Group. Sales rose by almost 7%. Against the background of the continuing tough competition, some areas and regions succeeded in further increasing their market share, and operating successfully as international market leaders and complete suppliers in the area of flooring. This is particularly encouraging on the occasion of the 100-year company Jubilee in the year 2011, and in the light of the still difficult but stabilising market environment. » The strength of the group is reflected even better in the result. The result from ordinary activities, at around €14.4 million, represents an improvement of 31.7% over the previous year. On the one hand, this result gives the Uzin Utz Group the security of being able to handle crisis management, while on the other, the Group benefits from its firm foundation of diversification, particular closeness to the customer and strong company culture. 49
Page 1 and 2: A hundred-year balance Annual Repor
Page 3: Investor Relations Overview The Sha
Page 6 and 7: Brief presentation of the Group Sin
Page 8 and 9: Values and substance Dear sharehold
Page 10 and 11: Striving for success and stability
Page 12 and 13: »» Were there also possible alter
Page 14 and 15: Dynamism and Sustainability “100
Page 16 and 17: Structure and Direction 1951 1952 1
Page 18 and 19: UZIN For more than 50 years the est
Page 20 and 21: Loyalty to the Location and Growth
Page 22: Wooded area near Heidenheim
Page 25 and 26: TRANs PA RENCY 1976 1977 1978 1979
Page 28 and 29: Adaptation and Synergy Learning fro
Page 30: Banks of the Danube near Elchingen
Page 33 and 34: Ex Pan 1996 Sion 1997 1998 1999 200
Page 36 and 37: Development and Earning Power Prepa
Page 38: Field between Erbach and Ulm
Page 42 and 43: Consolidated Financial Statement of
Page 44 and 45: Uzin Utz Aktiengesellschaft, Ulm (D
Page 46 and 47: Uzin Utz Aktiengesellschaft, Ulm Co
Page 50 and 51: » Other essential requirements - p
Page 52 and 53: Situation of the Group* * (all figu
Page 54 and 55: Risk Report Main risks Environment
Page 56 and 57: Internal control and risk managemen
Page 58 and 59: the year 2010 was the real crisis y
Page 60 and 61: stone are convincing above all for
Page 62 and 63: for foot traffic and loading. Thank
Page 64 and 65: a complete laying materials system
Page 66 and 67: WOLFF brand The year 2010 also saw
Page 68 and 69: Existing branches The shareholding
Page 70: 2010 Dieselstrasse 3 D-89079 Ulm Ph

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