PDF, 3.2 MB - Pfleiderer AG
PDF, 3.2 MB - Pfleiderer AG PDF, 3.2 MB - Pfleiderer AG
Segment Reporting for Fiscal Year 2004 70 Engineered Wood ‘000 euros Dec. 31, 2004 Dec. 31, 2003 External sales 753,001 698,009 Intercompany sales 5,926 17,913 Sales revenues 758,927 715,922 thereof domestic 329,097 333,247 thereof foreign 429,830 382,675 Foreign share (%) 56.5 53.4 Cost of sales –555,732 –538,282 % of sales revenues –73.2 –75.2 Gross margin 203,195 177,640 % 26.8 24.8 Selling expenses –108,937 –101,915 % of sales revenues –14.4 –14.2 General and administrative expenses –52,579 –51,753 % of sales revenues –6.9 –7.2 Research and development –1,035 –1,324 % of sales revenues –0.1 –0.2 Other comprehensive income and expenses 9,357 6,075 Operating result 50,001 28,723 Interest result –6,577 –8,846 thereof interest expenses –13,242 –11,600 thereof interest earnings 6,665 2,754 Results from participating interests 0 353 Other financial results –1,550 13 Financial result Results from continuing operations before –8,127 –8,480 taxes on earnings and income 41,874 20,243 Taxes on earnings and income Results from continuing operations after –6,681 –4,848 taxes on earnings and income 35,193 15,395 EBIT 48,443 29,117 % of sales revenues 6.4 4.1 Depreciation and amortization* ) 30,407 28,645 EBITDA 78,850 57,762 % of sales revenues 10.4 8.1 Capital expenditure on assets 39,893 22,903 Average number of employees, excluding trainees 3,475 3,450 Segment assets in million euros** ) 376.8 361.1 *) This position includes all depreciation and amortization on intangible assets, fixed assets and financial assets. **) Segment assets are calculated from net assets and net working capital. Certain long-term liabilities are taken into account when calculating net working capital.
Infrastructure Technology Consolidation/other Pfleiderer Group Dec. 31, 2004 Dec. 31, 2003 Dec. 31, 2004 Dec. 31, 2003 Dec. 31, 2004 Dec. 31, 2003 138,165 121,237 9,812 28,959 6 3,623 –5,932 –21,536 138,171 124,860 3,880 7,423 900,978 848,205 83,501 90,750 416,492 431,462 54,670 34,110 484,486 416,743 39.6 27.3 53.8 49.1 –103,999 –87,796 –659,459 –628,033 –75.3 –70.3 –73.2 –74.0 34,172 37,064 4,152 5,468 241,519 220,172 24.7 29.7 26.8 26.0 –13,559 –12,000 –121,636 –113,577 –9.8 –9.6 –13.5 –13.4 –10,707 –10,922 –78,573 –86,827 –7.7 –8.7 –8.7 –10.2 –952 –698 –1,984 –2,017 –0.7 –0.6 –0.2 –0.2 5,005 1,946 11,154 16,099 13,959 15,390 –13,481 –10,263 50,480 33,850 –2,721 –5,072 –18,616 –17,062 –4,389 –9,877 –24,361 –24,937 1,668 4,805 5,745 7,875 810 13 810 1,089 503 10 –1,052 5 –1,408 –5,049 –9,323 –2,439 –18,858 –15,968 12,551 10,341 –22,803 –12,702 31,622 17,882 –1,199 2,535 –1,720 –6,942 –9,600 –9,255 11,352 12,876 –24,523 –19,644 22,022 8,627 15,261 15,403 –13,486 –9,598 50,218 34,922 11.0 12.3 5.6 4.1 3,799 2,707 2,940 5,960 37,146 37,312 19,060 18,110 –10,546 –3,638 87,364 72,234 13.8 14.5 9.7 8.5 5,184 7,030 310 1,811 45,387 31,744 861 790 93 147 4,429 4,387 54.9 56.0 3.5 6.7 435.2 423.8 71 FINANCIAL STATEMENTS/NOTES PFLEIDERER GROUP
- 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 58 and 59: wodego® is the latest brand in Pfl
- 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: Comprehensive income 69 Other compr
- 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
- Page 109 and 110: 1. Contingent liabilities VII. Othe
- Page 111 and 112: 3. Pending litigation and claims 4.
- Page 113 and 114: Geographical Information Sales Reve
- Page 115 and 116: 1. Leases 2. Valuation of inventori
- Page 117 and 118: 8. Discontinued operations Under US
- Page 119 and 120: Accumulated amortization/depreciati
- Page 121 and 122: Pfleiderer track systems B.V. Deven
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Segment Reporting for Fiscal Year 2004<br />
70<br />
Engineered Wood<br />
‘000 euros Dec. 31, 2004 Dec. 31, 2003<br />
External sales 753,001 698,009<br />
Intercompany sales 5,926 17,913<br />
Sales revenues 758,927 715,922<br />
thereof domestic 329,097 333,247<br />
thereof foreign 429,830 382,675<br />
Foreign share (%) 56.5 53.4<br />
Cost of sales –555,732 –538,282<br />
% of sales revenues –7<strong>3.2</strong> –75.2<br />
Gross margin 203,195 177,640<br />
% 26.8 24.8<br />
Selling expenses –108,937 –101,915<br />
% of sales revenues –14.4 –14.2<br />
General and administrative expenses –52,579 –51,753<br />
% of sales revenues –6.9 –7.2<br />
Research and development –1,035 –1,324<br />
% of sales revenues –0.1 –0.2<br />
Other comprehensive income and expenses 9,357 6,075<br />
Operating result 50,001 28,723<br />
Interest result –6,577 –8,846<br />
thereof interest expenses –13,242 –11,600<br />
thereof interest earnings 6,665 2,754<br />
Results from participating interests 0 353<br />
Other financial results –1,550 13<br />
Financial result<br />
Results from continuing operations before<br />
–8,127 –8,480<br />
taxes on earnings and income 41,874 20,243<br />
Taxes on earnings and income<br />
Results from continuing operations after<br />
–6,681 –4,848<br />
taxes on earnings and income 35,193 15,395<br />
EBIT 48,443 29,117<br />
% of sales revenues 6.4 4.1<br />
Depreciation and amortization* ) 30,407 28,645<br />
EBITDA 78,850 57,762<br />
% of sales revenues 10.4 8.1<br />
Capital expenditure on assets 39,893 22,903<br />
Average number of employees, excluding trainees 3,475 3,450<br />
Segment assets in million euros** ) 376.8 361.1<br />
*) This position includes all depreciation and amortization on intangible assets, fixed assets and financial assets.<br />
**) Segment assets are calculated from net assets and net working capital. Certain long-term liabilities are taken into account<br />
when calculating net working capital.
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