Group - L. Possehl & Co. mbH

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Group Management report 14 15 15 17 17 18 19 23 24 25 25 26 29 Overview of the Economic Condition of the Group Group Structure and Operations Strategic Direction and Management Philosophy 2007 Economic Environment Group Earnings Position Earnings Position in the Operational Segments Net Assets Capital Expenditure and Financing Employees Research and Development Risk Management System and Risks of Future Development Report on Subsequent Events, Opportunities, and Forecasts
ovErviEW of tHE ECoNoMiC CoNditioN of tHE GroUP The 2007 fiscal year was a year of successful consolidation for the Possehl Group. Group net sales increased from the previous year by 4.8 % to e 1,521.7 million, results from ordinary operations rose by 1.9 % to e 75.3 million, and consolidated net profit increased by 15.1 % to e 114.1 million. At the same time, net debt declined by e 123.0 million to a positive e 6.1 million. Thus, the Possehl Group was on balance debt-free as of the end of the fiscal year. All of the Group divisions recorded positive earnings in the reporting year. With the exception of the Electronics division, which could not duplicate the exceptional result of the previous year, all of the remaining divisions exceeded the good results they achieved in 2006. Along with encouraging growth in operating earnings, the sale of our 10 % equity stake in Norddeutsche Affinerie AG positively influenced the consolidated net profit and thus consolidated shareholders’ equity. After two years of stormy growth, no major acquisitions could be made during the reporting period. The M&A market for small and medium-sized enterprises (SMEs) was highly competitive in 2007 and purchase prices were often paid that were not economically justified. We are maintaining our strategic focus on demonstrating that we are a long-term and reliable new owner for SMEs. L. Possehl & Co. mbH Letter from the Executive Board Company Boards Report of the Controlling Boards Successful over the Long Term Group Management Report Consolidated Financial Statements Further Information The Possehl Group is excellently positioned and has at its dis posal substantial financial resources to continue pursuing profit-oriented growth. GroUP StrUCtUrE aNd oPEratioNS The Possehl Group is a diversified company with approximately 7,000 employees and annual sales of e 1.5 billion. We hold a globally leading position in our niche markets. The Possehl Group is decentrally managed so that operational decisions can be made as close to the market as possible. The individual divisions have a high degree of autonomy in all market and customerrelated matters. The most important tasks for L. Possehl & Co. mbH as the management holding company are corporate strategy and portfolio management, risk and opportunity management, personnel development, and central financing. The Group is divided into the three operative segments: Production, Trading, and Services. These in turn currently encompass eight divisions, whereby Services has its own segment: Production trading Services Precious Metals Processing Electronics Elastomer Processing Cleaning Machines textile finishing Systems Special-purpose Construction international trading Environmental Protection Broker activities 15
Page 1 and 2: Annual Report 2007 Successful over
Page 3 and 4: Possehl - the Entrepreneurs’ Gr C
Page 5 and 6: Table of Contents Letter from the E
Page 7 and 8: Uwe Lüders, Born 1952, Dipl.-Volks
Page 9 and 10: dr. Lutz Peters Letter from the Exe
Page 11 and 12: All of this is essential for the su
Page 13 and 14: The organizational structure of Pos
Page 15 and 16: Possehl initially becomes deeply in
Page 17: Possehl views each of its companies
Page 21 and 22: StratEGiC dirECtioN aNd MaNaGEMENt
Page 23 and 24: The increase in net sales came prim
Page 25 and 26: Cleaning Machines: Significant Grow
Page 27 and 28: BALANCE SHEET STRUCTURE Fixed asset
Page 29 and 30: Letter from the Executive Board Com
Page 31 and 32: The regular reporting is supplement
Page 33 and 34: EPort oN SUBSEqUENt EvENtS, oPPortU
Page 35 and 36: Consolidated Balance Sheet as of De
Page 37 and 38: Consolidated Cash flow Statement fr
Page 39 and 40: Cumulative 01/01/2007 Exchange rate
Page 41 and 42: Group shareholders’ equity withou
Page 43 and 44: Equity is consolidated under the eq
Page 45 and 46: The biometric data underlying the m
Page 47 and 48: As per the balance sheet date, the
Page 49 and 50: NotES to tHE CoNSoLidatEd iNCoME St
Page 51 and 52: NotES to tHE CoNSoLidatEd CaSH fLoW
Page 53 and 54: auditors’ report * We have audite
Page 55 and 56: Name Registered in Letter from the
Page 57 and 58: CONTACT AND IMPRINT L. Possehl & Co

Group - L. Possehl & Co. mbH

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