Behr GmbH & Co. KG Business Report FY2010
|(in million euros)|
|FY2010||FY2009||Rate of Change (%)
||-The dynamic increase in demand on the international automotive market
-The target figure was exceeded by approx. 23%.
-The Company achieved higher sales than in the pre-crisis year 2008
-Amounting to 2,435 million EUR, the Company generated 73% of its sales abroad.
|Earning before taxes||53||(235)||-||-|
Sales by region
Sales in Germany totaled 914 million EUR, a 26.6% increase over 2009. The rest of Europe attained sales revenues of 1,019 million EUR–a rise of 28.7%. After experiencing a massive sales slump in the previous year, the Company was able to significantly improve its position in the NAFTA region. Net sales amounted to 690 million EUR and were 37% above 2009 (504 million EUR). Sales in Mexico rose by more than half. Among other factors, this clear sales peak is attributable to the expansion of its production capacities in Mexico. In the growth markets in Asia as well as South America, the Company again achieved strong growth in 2010. The Company recorded a sales upturn of 74.1% to 477 million EUR in Asia. China and India, each contributing approximately 70%, were the prime growth-drivers here. Sales in Brazil were up by 34.9%.
Share agreement with Mahle
Mahle and the Company have agreed that Mahle will acquire shares in Behr in several stages. In the first stage in 2010, Mahle acquired 19.9 percent of shares. And in January 2011, Mahle increased its share from 19.9 to 36.85 percent. Mahle's share in the Behr Group will be increased to more than 50 percent on January 1, 2013.
Contracts-A first development contract for the battery cooling of an electric vehicle was received in February 2011 in China. Other projects for hybrid vehicles are to follow in 2011.
-In India, the Company supplies cooling modules for the Nissan Micra.
-A contract for air conditioning projects for Peugeot Citroen in France.
-A contract for storage evaporator for BMW 5 Series and it was launched in 2010.
-A contract for three zone HVAC system with an air quality module for Samsung SM5 for the Asian market and it was launched in 2010.
Expanding in China-Behr Jinan Co., Ltd, it's first fully-owned Chinese subsidiary established in February 2009, has started production. From this plant the Company supplies truck maker China National Heavy Duty Truck Group Corporation (CNHTC) with air conditioning components and engine cooling systems. Investments in the facility, to date, amount to about 3 million euros. Behr intends to reach its sales target of over 20 million euros by 2011 at the Chinese unit. (From a press release on February 18, 2010)
Behr announced that an agreement was signed with the Turkish automotive supplier Kale Oto Radyator A.S. to found a joint venture that will sell engine cooling systems for cars and trucks in Turkey. (From a press release on April 20, 2010)
The fiscal year 2010 was characterized by extensive restructuring and cost-cutting measures. The necessary structural adjustments have already been completed.
-Consolidation of the production network by closing plants in Stuttgart and Barcelona
-Behr America completed consolidation of the North American production network in 2010. At the main Behr America plant in Dayton (Ohio), no less than seven production areas were restructured. With the transfer of some component production to Behr Mexico, a corresponding extension to the plant in Ramos Arizpe had to be made.
-Approx. one third of the development work previously carried out by Behr America in Troy and Charleston has been off-shored to Behr Engineering Services in Pune, India.
|(in million euros)|
% of sales
The Company has two fully equipped Technical Centers in Stuttgart (Germany) and Troy (Michigan).
|(in million euros)|
Investment focused, for example, on the expansion of its plant in Ostrava in the Czech Republic as well as production transfers in 2010.
In 2011, the Company will focus particular attention on Central and Eastern Europe. First, activities in Russia were initiated by establishment a company in St. Petersburg in February 2011; production capacities for light vehicles and trucks will be established in Russia in next few years.