Voith Group recently released its annual financial report. In the 2014/15 financial year (as of September 30, 2015), Voith’s performance was strong. The Group’s operating income has grown significantly, and profits have increased by 15% to 270 million euros, exceeding the original target. Voith Industrial Services is seeking a sale and is not currently considered as an existing business, so its financial performance is not included. The Voith Group's full implementation of the Voith 150+ program has played an important role in the leaps in the Group's business. Product portfolio optimization and initiatives aimed at increasing efficiency have also contributed.
Voith Transmission
Voith’s existing business sales increased by 3% to 4.3 billion euros (4.17 billion euros in the previous fiscal year). The sales of Voith Industrial Services are approximately 1 billion Euros, and this figure is no longer included in the financial report. The group’s return on capital increased by 1.8% to 12.2%. As a result, both sales, profits, and capital yields have exceeded predetermined targets and, to a certain extent, have exceeded them. Among them, the "Voit 150+" plan contributed to the successful deployment of the entire group. The good development of Voith Paper's business unit is very exciting for the entire group. Its profit has jumped from 9 million euros to 58 million euros, which proves that Voith Paper's measures to adapt to market changes have been successful.
As announced last year, the costs resulting from the reorganization of the Group's business had a negative impact on its net profit, resulting in a loss of 93 million Euros (net profit for the previous fiscal year was 41 million Euros). The total cost of business restructuring reached 231 million euros.
The orders received by the Group remained stable as expected, which was basically the same as the previous fiscal year. The total amount of orders received by existing business groups was EUR 4.39 billion (previous year was EUR 4.4 billion). The total amount of orders held by the entire Voith Group was 5.29 billion Euros (previous year was 5.38 billion Euros). The order-to-ship ratio is greater than 1, which proves that Voith's excellent performance does not depend solely on the large number of orders.
Dr. Linhardt, President and CEO of Voith Group, explained: "In the past three years, we have carried out extensive restructuring of the Group's business, continuously adjusted the Group's strategy, and paid a huge amount for it. Efforts: The Group's business performance in this fiscal year reflects the company’s major transformation in recent years. Voith is gaining momentum and our fully implemented Voith 150+ program is working and has achieved remarkable results. Voith is restocking and pursuing a broader development."
Voith 150+: Measures that have been identified or implemented are expected to generate €220 million in benefits by September 2016. Voith Digital Solutions Division was established.
The sale of Voith Industrial Services to focus on Voith's core technology and engineering design is one of the most important strategic decisions made by Voith Group in the past fiscal year. The sales plan is being carried out in an orderly manner and is expected to be completed at the latest in the first half of 2016. At the same time, Voith has further strengthened its strength in the automation and industry 4.0 field by acquiring shares in the robot manufacturer KUKA Group.
The refocusing of technical expertise and the introduction of a digital strategy are part of the group transformation proposed by the Voith 150+ program. This is a strong guarantee for Voith Group's long-term competitiveness and technological leadership. According to expectations, the plan can help the group save about 250 million euros in costs each year. As of the end of the 2014/15 fiscal year, measures that have been identified or implemented are expected to generate €220 million in benefits by September 2016.
Dr. Herbert Linhardt, Voith CEO, announced the establishment of the Voith Digital Solutions Division at the press conference. This division will integrate Voith's expertise in information technology, automation, software and sensors. Voith's venture capital in the field of Industry 4.0 will be assigned to this new division in the future. The Voith Digital Solutions Business Unit is expected to have approximately 600 employees and sales from existing businesses are expected to reach 250 million Euros. Linhard said: “Our goal is to become the main leader in the digital transformation of the industry, just as we did in the first industrial revolution 150 years ago. With the help of Voith Digital Solutions, we are committed to Existing customers and markets develop new business models, open up new markets at the same time, and enter industries that Voith did not previously cover. We believe that this area is a breeding ground for tremendous growth and has such a wide range of expertise as Voith. This is especially true for leaders."
All divisions develop steadily
Voith Paper Makes a Great Leap
In the past fiscal year, all Voith Group divisions have developed steadily and have made a very positive contribution to the Group's financial performance.
Voith Hydro's sales were essentially the same as last fiscal year, with little change in profits, but the total amount of orders received has dropped significantly. Voith Paper Division sales and orders have increased. The jump in profits reflects the success of the Voith Paper Division's measures to adapt to market changes. The total orders received by the Voith Drive Division were almost equal to the previous fiscal year, with a slight increase in sales.
Outlook: cautiously optimistic
Voith expects the market environment will remain severe in the 2015/16 financial year. Economic growth in major economies such as China is slowing. Investment trends in major industries and regions remained sluggish, and raw material prices remained at a relatively low level.
In this case, we have a conservative plan for the current fiscal year, and we expect the sales and orders to be relatively stable. Based on the positive role of the Voith 150+ program, it is expected that the performance will continue to increase. But it also depends on whether the global economy can achieve stable growth. The economic development of the markets in China and Brazil is very important to Voith and must therefore be viewed with prudence. If China's economic slowdown exceeds expectations, or if Brazil falls into a more severe recession than expected, the global economy will suffer, and Voith’s business is even more so. As one-off business reorganization costs have been offset, Voith expects the net profit in the future will turn negative.
Linhad said: “We plan for the next fiscal year to be relatively conservative and robust. We believe that the remarkable results of the implementation of the Voith 150+ plan will continue to show, and we will continue to integrate our business next year. At the same time, we also recognize that apart from the many internal efforts, some of our key markets, especially China’s economic situation, will play a decisive role in the Group’s business performance in the next year.â€
Voith establishes industry standards for energy, oil and gas, paper, raw materials, and transportation and public transportation. Founded in 1867, the Voith Group has more than 20,000 employees in more than 60 countries and annual sales of 4.3 billion euros. It is one of the largest family-owned companies in Europe.
N-Butyl-N-Methyl-Piperidinium Bromide,N-Butyl-N-Methyl-Piperidinium Bromide 94280-72-5,N-Butyl-N-Methyl-Piperidinium Bromide Cas 94280-72-5,Piperidine Ionic Liquids
Henan Tianfu Chemical Co.,Ltd , https://www.hnphotoinitiators.com