B U S I N E S S P R O D U C T S P R O J E C T S P R O C E S S E S B O U L E V A R D
Tacking against the wind
FINANCIAL STATEMENTS 20022003 Weak mar-kets and other adversities could do little to hold up the Edscha Group this past financial year.
Despite contrary winds in the sales markets and a rough climate in the motor vehicle industry in
general, the Edscha Group attained its sales targets in fiscal 20022003 (through 30 June) and extended its market positions. Between July 2002 and June 2003 the Group sales were
€948 million; this is an increase of22 percent over the previous year(€ 777 million), and almost exactly the level envisaged since the beginning of the year. The new division, Vehicle Design, established by the acquisition of IVM Automotive in July 2002, contribu- ted € 108 million to total sales.
The Hinge Systems business remai- ned stable at € 553 million (previous year € 555 million); the dramatic de- cline of the Brazilian real prevented re- porting higher sales. The launch of pro-
duction of the BMW Z4 and the Smart Roadster tops caused sales of convertible roof systems to shoot up 30 percent to € 189 million (€ 145 million). Thanks to numerous production laun- ches, the Driver Controls division sharply boosted sales by half to €€68 million (€ 45 million). With € 30 million, the smallest division, Sliding Roofs for Trucks, was also the only division reporting a slight dip in sales over the previous year (€ 32 million) – but given a very weak market it still turned in a satisfactory performance.
In the face of these efforts, the Edscha Group with little fanfare simultaneously prepared to meet coming challenges – with a new capital structure (edwin 012003 reported), the reorganization of IVM Automotive (page 9), the building of a factory in Mexico and new
A strong wind at the headquarters in Remscheid
doesn’t bother Edscha much
joint ventures in Japan and China (page 6), and many new products (pages 10, 14, 18), orders and ideas. The future can come now – with any weather.
New in the web
Going online in the next few days – the new Internet site of IVM Automotive. Based on the vehicle designer’s new Corporate Design (since the company was acquired by the Edscha Group in the summer of 2002), the pages will have an entirely new appearance, a new navigation and, of course, completely revised or new contents. The purpose of the effort, as of the entire reorganization of IVM Automotive (page 9):
higher quality of service from more efficient structures.iwww.ivm- automotive.com
IVM Automotive certified
Increasingly complex technology, the rising quality awareness of car owners, and sharp competition require that automotive component suppliers and service providers ensure highest quality across all processes. IVM Automotive takes this seriously. After one year of preparations, in spring 2003 all locations and
business fields of the vehicle designer were certi- fied to comply both with the amended version of DIN ISO 9001 from the year 2000 as well as with the standard VDA 6.2 for service providers. IVM Automotive is thus the first company in its area of business to have its processes certified as being entirely in conformity with the new standards.
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