Germany: Economic Situation Christian H. Kienzle Chairman of the Board of the Fluid Power Association within VDMA CEO of ARGO-HYTOS GMBH, Kraichtal Chart 0 April 2013
VDMA - The platform for the capital goods industry in Germany German Mechanical engineering 2012 Turnover: 206,8 billion Euro (3,1 % versus 2011) Employees: 978.000 (2011: 948.000) Export ratio: 76,1 % (2011: 75,4 %) German Fluid Power Association 2012 197 member companies with: more than 30,400 employees a turnover of approx. 6,6 billion Euro (Fluid power). Hydraulics account for 4,6 billion Euro and Pneumatics for 2,0 billion Euro About 85% of all Fluid Power companies in Germany belong to the Fluid Power Association within VDMA Member of CETOP The European Fluid Power Committee President: Etienne Piot, France Past President: Amadio Bolzani, Italy General Secretariat: Fluid Power Association within VDMA Chart 1 April 2013
Right in the middle of the innovation net: Machinery and plant industry The Enabling Industry Car Manufacturing Aviation Traffic Engineering Electrotechnology Space and Aircraft IT Integrated Technology Communication Textile Construction Biotechnology Chemical Industry Foods Energy Paper and Printing Mobile Machinery Urban Technologies Electro Mobility Optics Agricultural Technology Mechanical Engineering Machine Tools Power Transmission Mechatronics Fluid Power Tools Utilities Semiconductors Materials Software Electronic Engineering Sensor Technology Chart 2 April 2013
Sales development 1980 2013* Mechanical Engineering / Fluid Power / Hydraulics / Pneumatics Source: Fluid Power Association within VDMA Chart 3 April 2013
Hydraulics sales and new orders in Thousand Euro January 2002 February 2013 Source: Fluid Power Association within VDMA Chart 4 April 2013
Pneumatics sales and new orders in Thousand Euro January 2002 February 2013 Source: Fluid Power Association within VDMA Chart 5 April 2013
New orders Jan.-Dec. 2012 / Jan.-Dec. 2011 in percentage Source: VDMA Chart 6 April 2013
New orders Jan. Feb. 2013 / Jan. Feb. 2012 in percentage Source: VDMA Chart 7 April 2013
Ifo business cycle-clock in Germany Hydraulics January 2008 March 2013 Recovery / Expansion 80 Balance 6-month expectations 60 40 20 0-20 Upswing Recession January 2008 March 2013 Boom -40-60 Through / Late Phase of Downturn Downswing -80-120 -80-40 0 40 80 120 bad Current evaluation - Balance good Source: ifo Institut, VDMA Chart 8 April 2013
Ifo business cycle-clock in Germany Pneumatics January 2008 March 2013 Recovery / Expansion 120 Balance 100 Upswing Boom 6-month expectations 80 60 40 20 March 2013 January 2008 0-20 Recession -40-60 Through / Late Phase of Downturn Downswing -80-120 -80-40 0 40 80 120 Balance bad good Current evaluation Source: ifo Institut, VDMA Chart 9 April 2013
Hydraulic orders and sales 12 month average and OECD + M6 Source: ifo Institut, Fluid Power Association within VDMA Chart 10 April 2013
Pneumatic orders and sales 12 month average and OECD + M6 Source: ifo Institut, Fluid Power Association within VDMA Chart 11 April 2013
Changes of sales and incoming orders Hydraulics and Pneumatics January-December 2012 / January-December 2011 in % Domestic sales Exports Total sales Domestic orders Export orders Total orders Hydraulics 3% -8% -4% -15% -29% -23% Pneumatics -2% 1% 0% -4% 0% -2% Jan. - Feb. 2013 / Jan. - Feb. 2012 in %, preliminary Domestic sales Export sales Total sales Domestic orders Export orders Total orders Hydraulics -10% -22% -17% -9% -14% -12% Pneumatics -3% 8% 2% -1% 8% 3% Forecasts 2013 2013 Total sales Fluid Power 0% Hydraulics n/a Pneumatics n/a Mechanical engineering 2% * Results of monthly reports hydraulics and pneumatics )** January 2013 Chart 12 April 2013
Thank you very much for your attention! Chart 13 April 2013