DGAP-News: Franz Haniel&Cie. GmbH: Haniel on the rise - Fiscal 2010 comes to a successful close - Managing Board targets a better balanced portfolio
(firmenpresse) - DGAP-News: Franz Haniel&Cie. GmbH / Key word(s): Final Results
Franz Haniel&Cie. GmbH: Haniel on the rise - Fiscal 2010 comes to a
successful close - Managing Board targets a better balanced portfolio
02.05.2011 / 09:00
---------------------------------------------------------------------
Press Release
Haniel on the rise
Fiscal 2010 comes to a successful close - Managing Board targets a better
balanced portfolio
- Sales up by 12 per cent
- Profit before taxes climbs substantially to 620 million euros
- CWS-boco initiates Focus on the Future repositioning project
- ELG grows business thanks to upturn in stainless steel sector
- TAKKT posts organic sales growth
- Celesio benefits from prior-year acquisitions
- METRO GROUP's Shape 2012 efficiency and value enhancement programme has
positive impact on profit
Duisburg, May 2, 2011. Although 2010 was shaped by sustained global
economic uncertainty, the Haniel Group raised sales by around 3 billion
euros and quadrupled its profit before taxes. 'Our diverse portfolio, with
business models that respond more or less vigorously and quickly to
economic change, once again gave us a strategic advantage,' explained
Haniel Managing Board Chairman Prof. Jürgen Kluge. While looking forward to
the rest of the current year with optimism, he warned that the economic
consequences of both the natural disaster in Japan and the precarious
political situation in North Africa remain unpredictable. In addition, the
debt crisis in Europe and the USA will not be overcome for some time.
Sharp rise in sales
The Group's sales advanced by nearly 3 billion euros (12 per cent) in 2010,
from 24.5 billion to 27.4 billion euros. Around a half of the increase
originates from acquisitions, and more than 80 per cent of this portion is
attributable to the Brazilian company Panpharma, which Celesio took over in
2009. Allowing for exchange rates and company acquisitions and disposals,
sales rose by 5 per cent. A key contributor to this improvement was the ELG
division, which pushed up its sales by almost 70 per cent year on year.
TAKKT also achieved organic sales growth, while Celesio benefited from
acquisitions made in the previous year. CWS-boco, in contrast, recorded a
downturn in sales. Although its washroom hygiene and mats units remained
more or less stable, sales declined sharply in the textile services unit.
Increase in operating result and income from Metro investment
The operating result climbed from 289 million to 663 million euros. The
profit before taxes almost quadrupled, climbing from 164 billion to 620
billion euros. The 2009 result had been diminished by impairments of
goodwill and other intangible assets in the amount of 294 million euros.
Disregarding this non-recurring factor, the increase in the result for 2010
is chiefly attributable to the improved sales situation - especially at
ELG. In addition, the TAKKT division benefited from optimisation and growth
initiatives in 2010, which enabled it to post pleasing earnings growth as
well. Celesio also raised its income despite the burden imposed again by
severe government measures regulating the healthcare markets. The advances
made by ELG, TAKKT and Celesio more than made good the downturn in the
CWS-boco result. This decline was prompted by both falling sales and
non-recurring expenses in connection with the repositioning project
entitled Focus on the Future that was launched in 2010.
For METRO GROUP, 2010 was a successful business year in which it increased
its sales and operating result. The contribution made by the Metro
investment to the Haniel Group's results rose from 105 million euros in
2009 to 292 million euros in 2010.
Taking employer's responsibilities seriously
During the economic crisis, Haniel successfully implemented several
measures to avoid massive job losses. As the upturn starts, the Group now
has at its disposal a well motivated and experienced team of employees. The
number of people employed by Celesio increased because of acquisitions in
particular. ELG made moderate manpower adjustments. It recruited additional
staff primarily in the USA, Great Britain and Germany, where the measures
included the transfer of temporary employees to permanent contracts. In
view of the favourable pattern of business, TAKKT called a halt to
short-time working at the end of 2010 and hired additional employees,
especially in the growth segments. CWS-boco initiated the Focus on the
Future repositioning project in 2010, which entails manpower adjustments in
the period until 2012 - in particular in Germany, where specific outline
conditions have already been agreed with the works council. The annual
average number of employees increased overall by nearly 5,000 (9 per cent).
Alongside action taken to develop both professional and management skills,
in 2010 the Haniel Holding Company adopted a new programme to foster female
top performers. Implementation is getting under way in the first quarter of
2011.
Aligning the portfolio with the future
Reviewing the way forward, Kluge commented, 'Last year Haniel focused on
analysis and planning, but 2011 will be a year of action, in which we are
seeking to outperform the value growth of the DAX index again.' His goal is
to mould an even better balanced portfolio. 'We intend to achieve a well
adjusted blend of small and large companies consisting of both wholly owned
and publicly traded entities.' He said that Haniel wished to occupy an
international position in which its sales and results originated evenly
from the individual growth regions. 'We must try even harder to strengthen
our resistance to crises,' remarked Kluge, referring not only to the Haniel
Group, but also to the wider economy, policy makers and the general public.
'We must shape the environment so that subsequent generations can enjoy at
least the same chances that we have today,' he continued. This would be
possible, he explained, only if economic, ecological and social value is
created simultaneously. 'We want to be an 'and' company,' insisted Kluge,
'not an 'either/or' company.'
An outline of how the Haniel Group is translating this ambition into
practice is contained in the Annual Report 2010, entitled 'Grandchildable'.
On the same subject, children were invited to engage in a creative
interpretation of the future. For further details, go to
www.haniel.com/artproject.
Key figures for 2010 at a glance:
IFRS in million euros 2009* 2010 Change in per* The previous year's figures have been adjusted pursuant to IFRS in
cent
Haniel Group
Sales 24,524 27,432 +12%
Operating result 289 663>+100%
Profit before taxes 164 620>+100%
Profit after taxes 21 454>+100%
Haniel cash flow 526 543 +3%
Cash flow from operating activities 712 672 -6%
Capital expenditures 478 390 -18%
Annual average number of employees
(headcount) 53,243 58,141 +9%
CWS-boco
Sales 750 734 -2%
Operating result 33 15-55%
Annual average number of employees
(headcount) 7,901 7,861 -1%
ELG
Sales 1,546 2,619 +69%
Operating result 40 88>+100%
Annual average number of employees
(headcount) 982 1,005 +2%
TAKKT
Sales 732 802 +10%
Operating result 49 69 +40%
Annual average number of employees
(headcount) 2,064 1,956 -5%
Celesio
Sales 21,497 23,278 +8%
Operating result 223 559>+100%
Annual average number of employees
(headcount) 42,022 47,040 +12%
METRO GROUP
Haniel's investment result 105 292**>+100%
connection with the finalisation of purchase price allocations; cf.
explanation in the Annual Report 2010 on pages 118-119
** Including income from property disposals
The Haniel Group
Haniel is an internationally successful, family-owned group of companies.
In 2010, its around 58,000 employees generated sales of 27.4 billion euros
in more than 30 countries. The Holding Company shapes the portfolio and
controls the Group's strategy and finances. It also defines the guidelines
for Group-wide human resources management. Responsibility for the operating
business rests with the five divisions, all of which occupy market-leading
positions. Haniel distinguishes between wholly-owned investments (CWS-boco
and ELG), majority investments (Celesio and TAKKT) and minority investments
(METRO GROUP). In outline, the divisions are CWS-boco, which ranks among
the leading international vendors of washroom hygiene products, dust
control mats and textile services; ELG, one of the world's foremost raw
materials trading and recycling specialists for the stainless steel
industry; TAKKT, which is the leading B2B specialist mail order company for
business equipment in Europe and North America; Celesio, one of the leading
international service providers in the pharma and healthcare sectors; and
METRO GROUP, a major international retailing company (non-consolidated).
You can find more information about the Haniel Group at www.haniel.com.
Date Duisburg, May 2, 2011End of Corporate News
No. of characters 6,047
Contact Dietmar Bochert, Corporate Communications,
+49 (0)203 806-578,
Fax: +49 (0)203 806-622, E-Mail: dbochert(at)haniel.de
This release is also available at www.haniel.com.
---------------------------------------------------------------------
02.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Franz Haniel&Cie. GmbH
Franz-Haniel-Platz 1
47119 Duisburg
Deutschland
Phone: +49 (0)203 806 304
Fax: +49 (0)203 806 444
E-mail: jplass(at)haniel.de
Internet: www.haniel.de
ISIN: DE0006019698, DE 0003659116, DE 0003659108WKN: 601969
Listed: Regulierter Markt in Düsseldorf, Frankfurt (General
Standard); Freiverkehr in Berlin
End of News DGAP News-Service
---------------------------------------------------------------------
122311 02.05.2011Unternehmensinformation / Kurzprofil:
Datum: 02.05.2011 - 09:00 Uhr
Sprache: Deutsch
News-ID 33918
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 197 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Franz Haniel&Cie. GmbH: Haniel on the rise - Fiscal 2010 comes to a successful close - Managing Board targets a better balanced portfolio"
steht unter der journalistisch-redaktionellen Verantwortung von
Franz Haniel&Cie. GmbH (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
