FINANCIAL STATEMENTS 2002
|
2003
Weak mar-
kets and other adversities could do little to hold up the
Edscha Group this past financial year.
DIN ISO EN 9001: 2000 AND VDA 6.2
duction of the BMW Z4 and the Smart
Roadster tops caused sales of conver-
tible roof systems to shoot up 30 per-
cent to
€
189 million (
€
145 million).
Thanks to numerous production laun-
ches, the Driver Controls division shar-
ply boosted sales by half to
€
68 mil-
lion (
€
45 million). With
€
30 million,
the smallest division, Sliding Roofs for
Trucks, was also the only division re-
porting a slight dip in sales over the pre-
vious 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 simul-
taneously prepared to meet coming chal-
lenges – with a new capital structure
(
edwin
01
|
2003 reported), the reorgani-
zation of IVM Automotive (page 9), the
building of a factory in Mexico and new
Tacking against the wind
IVM Automotive
certified
espite 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 2002
|
2003
(through 30 June) and extended its mar-
ket positions. Between July 2002 and
June 2003 the Group sales were
€
948 million; this is an increase of
22 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-
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.
D
Increasingly complex technology, the rising quality awareness
of car owners, and sharp competition require that automotive
component suppliers and service providers ensure highest qual-
ity 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.
INTERNET
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 Corpo-
rate 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.
www.ivm-
automotive.com
i
A strong wind at the headquarters in Remscheid
doesn’t bother Edscha much
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
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