PDF, 3.2 MB - Pfleiderer AG
PDF, 3.2 MB - Pfleiderer AG PDF, 3.2 MB - Pfleiderer AG
wodego® is the latest brand in Pfleiderer Engineered Wood’s portfolio. Marketed through a network of around 200 selected dealerships and small to medium-sized industrial customers, the new brand comprises a comprehensive range of products based on raw particleboard, tongue and groove board and MDF board, decorative board with 266 different decors, high-pressure laminate (HPL) and postforming elements. An important part of the new wodego® family is the traditional Duropal products, featuring worktops and high-pressure facings for heavily used surfaces. Following its introduction in the German market in 2003, wodego® has since been introduced in 2004 in the international markets of France, England and the Benelux countries. Brand Company Target Group Infrastructure Technology The international trade fair for national and international suppliers and users of passenger and goods transportation, “InnoTrans” in Berlin, is the rail industry’s most important marketing platform for Pfleiderer track systems. The Fair, which ran from September 21 to 24, 2004, was an ideal showcase for Pfleiderer track systems to present its extensive portfolio of products and services which cover product development, manufacturing and applications – from engineering to production, supply, logistics to quality management. The main attraction presented by Pfleiderer at the Fair was its ballastless sleeper system RHEDA 2000®. This system has proved itself over the years during the construction and operation of major European high-speed links. It is available in a wide range of variations and is eminently suitable for specialist applications such as the construction or modernization of railway tunnels, or as RHEDA CITY, where it is used for urban railways and tramway networks. Pfleiderer track systems was also represented and presented internationally at trade fairs in the Netherlands, Taiwan and China. Main topic at the Dutch Symposium “Switch to Delft”, held from March 16 to 18, 2004, was the Project “High-Speed Line Zuid” running from Amsterdam to the Belgian border. Here Pfleiderer track systems is demonstrating its competence in the planning and construction of this new high-speed link. At the “Rail Solutions Asia” in Taipei, Taiwan, running from May 12 to 14, 2004, Pfleiderer track systems also featured centrally due to its involvement in what is currently the biggest infrastructure project in the world, the Taiwan High Speed Rail (THSR). This project has opened the door to the Asian market for Pfleiderer. From May 26 to 28, 2004, Pfleiderer track systems, together with its partners in the “German High-Speed Initiative” – Butzbacher Weichen-Systemlieferanten BWG and the Rail Technology Division of Siemens AG, Transportation Systems, presented their range of products and services in China at the Trade Fair “Metro 2004”, the 9th “International Exhibition on Metro, Light Rail Transit and High-Speed Transit” in the South-China metropolis of Guangzhou. 54 Pfleiderer Vertriebs GmbH Furniture industry, Key Account wodego GmbH Wood Specialist Outlets, Building Materials Trade, DIY Thermopal GmbH Wood Specialist Outlets, Interior Design Outlets, Specialist Industrial Customers
Share data ISIN DE0006764749 Exchange code PFD 4 Traded at Frankfurt, Hamburg, Munich, Stuttgart, Berlin/Bremen, Düsseldorf, Xetra Calc. par value 2.56 euros Market segment Prime Standard The Pfleiderer Share Increased free float to 87 percent strengthens demand for the Pfleiderer share in the international capital market Market capitalization rises in 2004 by around 60 percent Pfleiderer Share Price Compared to SDAX Index (January–December 2004) euros index 9 8 7 6 5 4 3 Share Price Movement The Pfleiderer share continued to strengthen pleasingly during 2004, moving up by around 60 percent overall in Xetra trading during the reporting period. After shooting up by around 80 percent at year ending 2003, the share consolidated during the first quarter of 2004, reaching its lowest level in February at 3.93 euros. At this point in time, the Pfleiderer Group’s market capitalization stood at around 167.8 million euros. During the second quarter of 2004, the share gained from a fundamental restructuring in shareholder structure. Free float increased to 87 percent following Pfleiderer Unternehmensverwaltung GmbH & Co. KG reducing its holding to 13 percent. As a result, the share rapidly became more attractive on the international stock market. The ensuing strong demand for the share, with turnover increasing daily, resulted in its price rising to 7.70 euros by June 2004. 55 J F M A M J J A S O N D Pfleiderer share in euros SDAX index MANAGEMENT REPORT THE PFLEIDERER SHARE 3400 3250 3100 2950 2800 2650 2500
- Page 7 and 8: 3 35 Pfleiderer Engineered Wood fur
- Page 9 and 10: In closing down the Rheda-Wiedenbr
- Page 11 and 12: Dr Jürgen Koch Member of the Board
- Page 13 and 14: Committees Formed by the Supervisor
- Page 15 and 16: CORPORATE GOVERNANCE 1. Introductio
- Page 17 and 18: 4. Supervisory Board The Board of M
- Page 19 and 20: Declaration of Compliance 2004 Unde
- Page 21: Stock Option Program 2004 (Continua
- Page 24 and 25: PFLEIDERER GROUP AND PFLEIDERER AG
- Page 26 and 27: Company Report Corporate portfolio
- Page 28 and 29: In fiscal 2004, the Pfleiderer Grou
- Page 30 and 31: Net indebtedness of the Pfleiderer
- Page 33 and 34: GERMANY GDP in Germany increased by
- Page 35 and 36: y expanding foreign and export rati
- Page 37 and 38: Production Pfleiderer Engineered Wo
- Page 39 and 40: Aside from its leading market prese
- Page 41 and 42: Due to its very low construction he
- Page 43: Procurement In order to take advant
- Page 46 and 47: Research & Development New “Multi
- Page 48 and 49: In September 2004, Pfleiderer appro
- Page 50 and 51: Personnel As of December 31, 2004,
- Page 52 and 53: Pfleiderer Corporate Guidelines for
- Page 54 and 55: Economic and Political Risks and In
- Page 56 and 57: No liquidity risk exists at present
- Page 60 and 61: Key Figures 2004 2003 No. of shares
- Page 62 and 63: Investor Relations Activities Indiv
- Page 64 and 65: While the prices paid for paraffin
- Page 67 and 68: TURKEY The Turkish economy reported
- Page 69 and 70: Liabilities and Shareholders’ Equ
- Page 71 and 72: Pfleiderer Consolidated Statement o
- Page 73 and 74: Comprehensive income 69 Other compr
- Page 75 and 76: Infrastructure Technology Consolida
- Page 77 and 78: Scope of Consolidation The consolid
- Page 79 and 80: The activities of the Poles & Tower
- Page 81 and 82: Sales of receivables are treated wi
- Page 83 and 84: Property, Plant and Equipment Prope
- Page 85 and 86: Accruals for Pensions and Similar O
- Page 87 and 88: 1. Liquid funds 2. Securities class
- Page 89 and 90: 7. Intangible assets As in the prev
- Page 91 and 92: 11. Financial liabilities 12. Other
- Page 93 and 94: 16. Long-term deferred income 17. D
- Page 95 and 96: 18. Stockholders’ equity The foll
- Page 97 and 98: Stock Appreciation Rights 2000 Unde
- Page 99 and 100: 20. Derivative financial instrument
- Page 101 and 102: Derivative financial instruments ar
- Page 103 and 104: The following table reconciles the
- Page 105 and 106: 22. Pensions and similar obligation
- Page 107 and 108: The following table explains the ch
Share data<br />
ISIN<br />
DE0006764749<br />
Exchange code<br />
PFD 4<br />
Traded at<br />
Frankfurt, Hamburg,<br />
Munich, Stuttgart,<br />
Berlin/Bremen,<br />
Düsseldorf, Xetra<br />
Calc. par value<br />
2.56 euros<br />
Market segment<br />
Prime Standard<br />
The <strong>Pfleiderer</strong> Share<br />
Increased free float to 87 percent strengthens demand for the<br />
<strong>Pfleiderer</strong> share in the international capital market<br />
Market capitalization rises in 2004 by around 60 percent<br />
<strong>Pfleiderer</strong> Share Price Compared to SDAX Index<br />
(January–December 2004)<br />
euros index<br />
9<br />
8<br />
7<br />
6<br />
5<br />
4<br />
3<br />
Share Price Movement<br />
The <strong>Pfleiderer</strong> share continued to strengthen pleasingly during 2004, moving up by around 60 percent<br />
overall in Xetra trading during the reporting period. After shooting up by around 80 percent<br />
at year ending 2003, the share consolidated during the first quarter of 2004, reaching its lowest<br />
level in February at 3.93 euros. At this point in time, the <strong>Pfleiderer</strong> Group’s market capitalization<br />
stood at around 167.8 million euros.<br />
During the second quarter of 2004, the share gained from a fundamental restructuring in shareholder<br />
structure. Free float increased to 87 percent following <strong>Pfleiderer</strong> Unternehmensverwaltung<br />
GmbH & Co. KG reducing its holding to 13 percent. As a result, the share rapidly became<br />
more attractive on the international stock market. The ensuing strong demand for the share,<br />
with turnover increasing daily, resulted in its price rising to 7.70 euros by June 2004.<br />
55<br />
J F M A M J J A S O N D<br />
<strong>Pfleiderer</strong> share in euros<br />
SDAX index<br />
MAN<strong>AG</strong>EMENT REPORT THE PFLEIDERER SHARE<br />
3400<br />
3250<br />
3100<br />
2950<br />
2800<br />
2650<br />
2500
Change language