Group structure - BWT Group

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Management Report 1999 Overview of the economy Italy – growth below EU average France – private consumption brings economic growth of 2.8% Austria – Export is engine for positive development In Italy, real growth sank to 1.0%, with the economy having grown by 1.3% during the previous year, and so continued to fall below the average of the EU countries. Prognoses expect an increase of 2.0% for the coming year; this The economic upswing in France began earlier and was on a broader base than that of Germany. 1999 saw France’s economy growth by 2.8%, a growth which was based largely on private consumption. With a real economic growth rate of 2.2%, the Austrian economy developed better than the average of the European Union, as was the case in the previous year. The situation was characterised by exports decreasing compared with the previous year, but during the second half they became more dynamic and for the year they averaged just under 3%. The reason for this was the positive economic development, particularly in the countries of the European Union. Domestic demand was also a pillar of the economy, and this increased during 1999. For the year 2000, continued positive developments are expected – 32 – would also be below the expected EU average. The rate of inflation was 1.7% in Italy and, like the unemployment rate at 11.4%, was high compared with the European average. As a result of the new employment programme initiative, the rate of unemployment was reduced to slightly below 11.0%. The French rate of price increases, at 0.5%, is the lowest in Europe. both in terms of rising export numbers and in the domestic demand situation, so that real economic growth of 2.8% is forecast. The inflation rate was at the very low level of 0.6% and therefore one of the best in Europe. For the coming years, too, relatively good price stability with inflation rates of around 1% is expected. The rate of unemployment was slightly lower, after years of increases in the number of unemployed. It decreased from 4.7% in the previous year to 4.3% (EU definition) in the year under review. This is an improvement which should be continued during the year 2000.
Overview of the Sector Construction investment was not able to achieve the previous year´s growth rate and recorded a real increase of 1.3%, thus showing only moderate growth. Generally, there has been a decrease in new construction investment, while Economic data Austria Unemployment rate (in per cent) Gross domestic product (per cent change to previouse year) Consumer price index (per cent change to previouse year) The water treatment sector continues to show a positive trend, which is being backed by the improved international economic development. The worldwide increase in population numbers and the resulting problems in the areas of environmental pollution, food production and urbanisation increase the awareness in the direction of the sustainable creation of an ecological equilibrium. Water, as our most important life source and production means gains in importance as a result. This circumstance is at the root of the worldwide above-average sector growth, which, dependent on the region is expected to – 33 – 4,2 2,8 2000 e 1,1 renovation has become more important. Despite this, prognoses for the year 2000 show a stagnating construction economy, which is unlikely to benefit from the expected increase in the overall economic development. 4,3 2,2 1999 0,6 4,7 2,9 1998 0,9 grow by between 3 and 10% according to relevant studies. Future markets particularly include the new economies of Eastern Europe, which show good development potential in the area of infra<strong>structure</strong>. The market is likely to be strongly influenced by consolidation and concentration tendencies, although currently it is still relatively fragmented. The Best Water Technology <strong>Group</strong> will continue to use the continuing good market opportunities for a dynamic company development.
Page 1 and 2: ANNUAL REPORT 1999
Page 3 and 4: Group structure (as of 31.12.1999)
Page 5 and 6: BWT Group: Locations Headquarters B
Page 7 and 8: Locations of the Christ Group SWITZ
Page 9 and 10: Cash flow rose by 3.7% to € 21.7
Page 11 and 12: s largest ology Group TER • PROCE
Page 13 and 14: BWT-Value-Strategie Vision BWT - a
Page 15 and 16: Members of the Executive and the Su
Page 17 and 18: Water Life source for mankind - bus
Page 19 and 20: BWT Business Areas Domestic Water T
Page 21 and 22: BWT Business Areas Commercial and I
Page 23 and 24: BWT Business Areas Project engineer
Page 25 and 26: BWT Business Areas Swimming Pool Te
Page 27 and 28: BWT Business Areas Turnover was inc
Page 29 and 30: All prices in € Stock market rele
Page 31 and 32: Management Report 1999 Turnover ris
Page 33: Management Report 1999 Economic fra
Page 37 and 38: Order book € 72 million, + 27.4 %
Page 39 and 40: Increased Dividend The Executive Bo
Page 41 and 42: Investments 1999, a year of strong
Page 43 and 44: Outlook for 2000 Target for 2000: G
Page 45 and 46: Highlights of the year 1999 AQA tot
Page 47 and 48: Alliance with the Japanese Nomura M

Group structure - BWT Group

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