PDF, 1.2 MB - Pfleiderer AG
PDF, 1.2 MB - Pfleiderer AG PDF, 1.2 MB - Pfleiderer AG
january february march ■ saving costs through intelligent ■ innovations: Pfleiderer Engineered ■ growth – but not at any price: procurement logistics: Pfleiderer Woods presents new decors reflecting the Pfleiderer announces its interest in acquiring Engineered Woods has bundled its wood latest design trends at the specialist trade its insolvent wood processing competitor procurement activities together in its affili- fair ZOW 2003. HORNITEX. However, the price becomes ate Interwood GmbH. This company ensures A team of Pfleiderer trainees wins and increasingly unrealistic in the face of the a constant supply of raw materials for receives an award of honor at national level economic realities, and Pfleiderer withdraws wood processing and for the biomass power for its entry in the Oberpfalz regional com- from the bidding. plants operating at Pfleiderer’s production petition “Youth Researches”, sponsored by sites. Pfleiderer since 1996. ■ strengthening market presence, ■ new strategic direction: The Pfleiderer ■ wirus winning new markets: Pfleiderer Engi- Group decides to focus its portfolio on its neered Woods takes over new brands and Engineered Woods and Infrastructure sales from the Swiss company Fideris AG, Technology segments, thereby divesting its further strengthening its market presence Doors and Windows and Insulation Technol- in western Europe. ogy business centers, both closely linked to Thanks to innovative water management products, Pfleiderer water systems finds lucrative new niche markets for its environmental technology. the domestic construction industry. ® april may june windows appear independently on the market: Pfleiderer AG sells its windows activities through a management buy-out by a team of top managers from the Windows group. All employees are taken over. ■ “solid track” propels pfleiderer into ■ taking stock: The six-month figures ■ ursa the future: The German railways operator, for the first half of 2002 clearly reflect the Deutsche Bundesbahn, opens its new high- weak economy. But despite lower results, speed link between Cologne and Frankfurt Pfleiderer AG makes the grade in a difficult am Main. Pfleiderer track systems produced market. and delivered over 180,000 concrete sleepers for the section. ® insulation materials has a new future in europe: The Spanish company Uralita S.A. acquires Pfleiderer Insulation Technology, including its seven locations in Germany, Belgium and eastern Europe. URSA ® july august september Insulation Materials now rounds off one of Europe’s leading suppliers of building materials. ■ moralt ® and wirus ® doors find a new ■ considerable reduction in corporate ■ blockboards with their own market home: The successful sale of the Doors indebtedness: Pfleiderer AG’s nine-month identity: The traditional name MORALT activities to the Danish Vest-Wood Group figures for 2002 provide an initial overview marks the end of Pfleiderer’s strategic of what effects the company’s new strategic divestments, earlier than planned. Produc- direction has already had. The results show tion at Oettingen, Mittweida and Lenti is much lower corporate indebtedness due continued. to income from the divestments, with book losses as non-recurring effects. The results also mark the company’s separation from the German construction industry. ® october november december is re-introduced for blockboards produced by Pfleiderer Engineered Woods. Sales will be managed independently at Bad Tölz.
Group figures Jan. 1 – Jan. 1 – Dec. 31, 2002 Dec. 31, 2001 Sales million euros 1,028.4 1,042.0 Foreign share % 48.4 48.1 EBITDA million euros 109.5 140.9 EBIT million euros 48.9 77.9 EBT continued operations million euros 33.6 55.2 Result discontinued operations million euros – 52.5 – 14.2 EBT million euros – 18.8 41.0 Result after minority interests million euros – 39.7 24.2 Operative Cash flow million euros 83.3 111.2 Cash flow after investing activities million euros 102.7 106.2 Equity ratio % 22.7 20.8 ROCE % 8.7 11.7 ROS % 2.0 4.4 Capital expenditure million euros 44.7 61.1 Sales per employee million euros 0.165 0.164 Employees (incl. trainees) cutoff date 6,228 6,360 thereof in foreign countries cutoff date 1,931 1,988 Key figures per share Jan. 1 – Jan. 1 – Dec. 31, 2002 Dec. 31, 2001 Earnings per share 1 euros – 0.93 0.57 Cash flow per share 1 euros 1.84 2.53 Dividend euros – 0.20 1 based on total share issue of 42,685,000 Divisions Jan. 1 – Dec. 31, 2002 Wood-Based Infrastructure Panels Technology Sales million euros 697.5 335.5 Foreign share % 52.5 39.8 EBITDA million euros 70.6 45.6 EBIT million euros 31.9 36.0 Capital expenditure million euros 19.0 18.0 Employees (without trainees) average 3,452 1,931
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Group figures Jan. 1 – Jan. 1 –<br />
Dec. 31, 2002 Dec. 31, 2001<br />
Sales million euros 1,028.4 1,042.0<br />
Foreign share % 48.4 48.1<br />
EBITDA million euros 109.5 140.9<br />
EBIT million euros 48.9 77.9<br />
EBT continued operations million euros 33.6 55.2<br />
Result discontinued operations million euros – 52.5 – 14.2<br />
EBT million euros – 18.8 41.0<br />
Result after minority interests million euros – 39.7 24.2<br />
Operative Cash flow million euros 83.3 11<strong>1.2</strong><br />
Cash flow after investing activities million euros 102.7 106.2<br />
Equity ratio % 22.7 20.8<br />
ROCE % 8.7 11.7<br />
ROS % 2.0 4.4<br />
Capital expenditure million euros 44.7 61.1<br />
Sales per employee million euros 0.165 0.164<br />
Employees (incl. trainees) cutoff date 6,228 6,360<br />
thereof in foreign countries cutoff date 1,931 1,988<br />
Key figures per share Jan. 1 – Jan. 1 –<br />
Dec. 31, 2002 Dec. 31, 2001<br />
Earnings per share 1 euros – 0.93 0.57<br />
Cash flow per share 1 euros 1.84 2.53<br />
Dividend euros – 0.20<br />
1 based on total share issue of 42,685,000<br />
Divisions Jan. 1 – Dec. 31, 2002 Wood-Based Infrastructure<br />
Panels Technology<br />
Sales million euros 697.5 335.5<br />
Foreign share % 52.5 39.8<br />
EBITDA million euros 70.6 45.6<br />
EBIT million euros 31.9 36.0<br />
Capital expenditure million euros 19.0 18.0<br />
Employees (without trainees) average 3,452 1,931
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