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

Values and substance
Dear shareholders of Uzin Utz AG,
100 years of Uzin Utz mean continual change with sustainable
development and notable success. There are
only a few companies which can claim to be successfully
managed by the third generation of the same family.
» Even during the global economic crisis of recent years,
the Uzin Utz Group was not only able to maintain
its position well, but also applied consistent crisis and
risk management to form the basis of further structural
and organisational optimisation in the areas of raw material
usage, productivity and logistics.
» The effects and restrictions of the crisis were used as
an opportunity for further value addition and restructuring.
With notable success:
» This puts me in the enviable position, in the year of
our centenary, to be able to present to you a historic revenue
report. Although only housing construction was
able to record an increase in the domestic construction
sector in 2010, we succeeded in increasing group sales
by 7%. This improvement, which is outstanding in itself,
was however surpassed by the over 30% increase in
revenue achieved by the group with its result of €14.4
million.
» Thanks to the strategically correct and consistently
maintained adherence to our company objectives, growth
and sustainability go hand-in-hand, not by chance, but
by design. 2011 is also the 14th year after our flotation
on the stock market, and therefore also since the beginning
of our long-term growth offensive. The ambitious
targets with regard to market position, expansion and
further development which we set five years ago in our
agenda “U-Vision” have also been largely implemented
and achieved.
» Looking back, there are many small jubilees, events
and development steps which over the course of a whole
century can be compressed into one major and successful
event. A timetable therefore runs through the complete
Jubilee report, providing information on the great
and small historical circumstances in the course of our
company history.
» I do join this timetable now for 33 years, in which
I have held a responsible position in our company. It
therefore gives me great pleasure to convey these Jubilee
greetings to you from my current position. I am particularly
delighted to be able to announce positive news,
and look back with justified pride on the many small and
great successes which we have made possible over all
the years.
» And I look forward with optimism to the well-prepared
path that we have taken for further sustainable development
in the future.
» On behalf of the Board, I would like to express my
thanks for your proven confidence in the earning power
and future viability of our company, and to assure you
of our continued undivided and single-minded dedication.
We believe that you can look forward with us to a
promising and profitable Jubilee year 2011!
Sincerely yours
Dr. H. Werner Utz
1911
1912
1913
1914
1915
Georg Utz founds the „Fabrikation
chemischer Produkte”
(manufacture of chemical
products) in Vienna.
The PVC is invented.
Henry Ford introduces the first
assembly line for the production
of its vehicles.
Opening of the Panama
Canal.
Willi Utz is born in Vienna
(2nd generation).
8 Letter to the shareholders