KRAUSSMAFFEI GROUP
Order intake tops EUR 1 bn / Russia and eastern Europe growth drivers / Customer magazine
Machinery manufacturer KraussMaffei Technologies (KM, Munich / Germany; www.kraussmaffei.com) and its group companies (formerly Mannesmann Plastics Machinery) improved earnings substantially in fiscal 2006/2007 (30 September). EBITDA surged ahead by nearly 41% against 2005/2006 to EUR 71.3m, thanks largely to a good performance by the reaction and extrusion technology segments. As in previous years, injection moulding showed less positive development. Group sales rose by almost 5% to EUR 950m and order intake by 8.4% to EUR 1.06 bn.
The group figures include injection moulding machinery producer Netstal (Näfels / Switzerland; www.netstal.com), for which no detailed figures have been published, but not Demag Plastics Group (DPG, Schwaig / Germany; www.dpg.com), which was recently acquired by the Japanese Sumitomo group – see Plasteurope.com of 13.03.2008.
At lead company KraussMaffei GmbH (Munich), order intake was above the group average, rising 8.8% to EUR 566m. Orders for extrusion technology were flat at the 2005/2006 level, which may reflect the 2007 merger of KraussMaffei extrusion activities with those of Berstorff into a new company. The injection moulding technology segment recorded an order intake of 9%, while the reaction technology arm saw 20% order growth. Sales at KM increased by 5.4% to EUR 514m, thanks mainly to good business in the new EU countries and Russia. North America and the Middle East saw declining business. Operating profit soared by 80% to EUR 15.3m.
The new extrusion company KraussMaffei Berstorff (Hanover / Germany; www.berstorff.com) reported double-digit growth in 2006/2007. The 23.7% upturn in order intake to EUR 212.4m was thanks especially to a good performance by the Plastics Technogy segment, where new orders rose nearly 28% to EUR 143.7m. Sales turnover of the extrusion specialist as a whole improved by 30% to EUR 140.4m. At the same time, the new company said deteriorating margins on orders and higher distribution costs slashed operating profit nearly by half, from EUR 5.4m to EUR 2.8m.
The economic performance of the KM group during the last fiscal year is one of the highlights of the customer magazine “made by KraussMaffei”. The first issue of 2008 also looks back at the “K 2007” trade fair, at which the company presented a new machine integrating for the first time injection moulding, extrusion and reactor technologies in a single unit.
e-service:
KM customer magazine “made by KraussMaffei” (with focus on extrusion technology) as a PDF document (1,190 KB)
The group figures include injection moulding machinery producer Netstal (Näfels / Switzerland; www.netstal.com), for which no detailed figures have been published, but not Demag Plastics Group (DPG, Schwaig / Germany; www.dpg.com), which was recently acquired by the Japanese Sumitomo group – see Plasteurope.com of 13.03.2008.
At lead company KraussMaffei GmbH (Munich), order intake was above the group average, rising 8.8% to EUR 566m. Orders for extrusion technology were flat at the 2005/2006 level, which may reflect the 2007 merger of KraussMaffei extrusion activities with those of Berstorff into a new company. The injection moulding technology segment recorded an order intake of 9%, while the reaction technology arm saw 20% order growth. Sales at KM increased by 5.4% to EUR 514m, thanks mainly to good business in the new EU countries and Russia. North America and the Middle East saw declining business. Operating profit soared by 80% to EUR 15.3m.
The new extrusion company KraussMaffei Berstorff (Hanover / Germany; www.berstorff.com) reported double-digit growth in 2006/2007. The 23.7% upturn in order intake to EUR 212.4m was thanks especially to a good performance by the Plastics Technogy segment, where new orders rose nearly 28% to EUR 143.7m. Sales turnover of the extrusion specialist as a whole improved by 30% to EUR 140.4m. At the same time, the new company said deteriorating margins on orders and higher distribution costs slashed operating profit nearly by half, from EUR 5.4m to EUR 2.8m.
The economic performance of the KM group during the last fiscal year is one of the highlights of the customer magazine “made by KraussMaffei”. The first issue of 2008 also looks back at the “K 2007” trade fair, at which the company presented a new machine integrating for the first time injection moulding, extrusion and reactor technologies in a single unit.
e-service:
KM customer magazine “made by KraussMaffei” (with focus on extrusion technology) as a PDF document (1,190 KB)
24.06.2008 Plasteurope.com [210994]
Published on 24.06.2008
German version of this article...