Facts/figures

Business development of the Siempelkamp Group

The financial turmoil triggered by the United States real estate crisis in 2008 led the global economy into the worst recession since the end of World War II. The business activities collapsed equally in all industrial nations. Even the previously fast-growing emerging markets had to experience set-backs. The gross domestic product in Germany dropped by up to 5 % and exports fell by an average of 14.7 % in 2009. Also in 2009, global production and world trade decreased by 1.1% and 11.5% respectively.

Sales trend

Thanks to its strong and stable business concept, Siempelkamp nevertheless recorded positive results for 2009. With an annual turnover of 554 million Euros, we fell short of our previous year result by 19%. However, against the background of the overall economic conditions, we achieved an acceptable result.

Total order value

Against the background of the economic crisis year, it is not surprising that the total order value of the Group did not reach the record highs of the previous years. With 330 million Euros, we nevertheless achieved an acceptable total order value, especially when comparing this result to the total order value of the entire German machinery and plant manufacturing sector. Our order backlog of 919 million Euros will result in the utilization of our full capacities into 2011. Regarding our overall performance, we have done well with 546 million Euros and are at 84 % of the previous year result of 650 million Euros.

Compared to 2007 and 2008, when business was booming, the Siempelkamp Group of Companies has also achieved a good position in 2009. Despite the global economic crisis, the Group recorded the second-best result in the company's history. All our national and international production facilities were at full capacity.

Strong teams – high added value

The higher the skill level of a team, the higher the company's quality of the added value. Numerous training and education initiatives are targeted to familiarize our employees with new technologies and machines.

On the December 31, 2009 cut-off-date the Group employed 2,631 people (2008: 2,635). Additionally, we had 115 trainees in all three business units who are starting their future career at Siempelkamp. We have increased the number of trainees by 5 from 2008 to 2009. We have maintained the same number of employees in 2009 and were able to keep our highly qualified employees on staff.

We pay special attention to the advancement of our trainees as well as to the training and education of our young engineers, managers and experts. This task is supported by universities and other educational facilities, a foundation, and by a high degree of personal commitment.

Siempelkamp Group consolidated in million Euro:

Annual Report 2009

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