Public company info - Schramm Holding AG , 00955.HK
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Schramm Holding AG, 00955.HK - Company Profile
Chairman -
Share Issued (share) 20,000,000
Par Currency Euro
Par Value 1.0
Industry Chemical Products
Corporate Profile Business Summary: The Group is principally engaged in the development, production and sales of automotive, coil, mobile and consumer electronics coatings and electrical paints and variables. Performance for the year： • Revenue increased by 17% to a historical high of €115.3 million (2009: €98.5 million); • Core operating profit increased by 31.2% to a historical high of €9.9 million (2009: €7.6 million); • Profit for the year attributable to owners of the Company increased by 7.2% year on year to €4.8 million (2009: €4.5 million). The recurring net income was €6.1 million, an increase of 36% year on year based on operations without taking into account nonrecurring costs associated with restructuring and expansionary investments; Business Review: Automotive and general industry In the automotive and general industry segment, our coatings are used in automotive, mobile phones, notebooks, and consumer electronic products which provide decorative, protective and functional value to the end products. Europe The automotive and general segment for our European operation mainly consists of coatings for the automotive industry in Europe. Revenue of the automotive and general segment from our European operation grew to €36.4 million (2009: €30.4 million), a 19.6% increase year on year. This high growth rate was mainly due to the recovery of the global economy, especially of the European automotive industry which was one of the hardest hit during the 2008 and 2009 downturn. Germany, where our main operation is located, has led Europe in the strong recovery and, as such, our European revenue recorded growth rates well above historical levels. In addition, we did not release any key R&D employees during the downturn which in turn strategically placed Schramm in a strong position to capture new projects during the 2010 recovery. Asia The automotive and general segment for our Asian operation mainly consists of coatings for the mobile phone, notebook, consumer electronic, and automotive industries in China, Korea, and Southeast Asia. Revenue of the automotive and general segment from our Asian operation grew to €52.5 million (2009: €45.2 million), a 16.3% increase year on year. The growth in Asia was highlighted by a strong performance of 88.7% growth in our Korean operation and an increase of 90% in revenue of our waterborne products in China. Relative to the recovery in the global automotive industry, we witnessed a stronger growth in demand and production of Korean automotives. As a result, our Korean operations flourished in the year 2010. In China, demand for waterborne coatings continued to grow and our China automotive business benefited from this increase in demand. Coil coating Our coil coating business is predominantly in Europe where we supply coatings for large steel and aluminum coil manufacturers. Our customers use our coatings to produce “pre-coated” metals which can be coated with several layers to increase product performance through high surface conductivity, corrosion protection and wear resistance. Our coil coating products are mainly found in pre-coated metals, which are mainly used in the construction sector such as road signs, roofs, elevators/lifts and buildings. Revenue from the coil coatings segment increased by 14.7% to €21.2 million (2009: €18.5million). The improvement came from both additional projects won and the recovery of the general economy. Electrical insulations Revenue from the electrical insulations segment increased by 16.7% to €5.1 million (2009:€4.4 million). This increase was mainly due to the general recovery of the economy. Prospects: Schramm has set ambitious goals and targets for 2011. By the end of the first half of 2011,Schramm will start manufacturing and servicing to clients in Vietnam, a country dubbed as many as the next China, and will start operating our central R&D centre in Tianjin, Schramm’s R&D capabilities expected to assist and increase our China market positioning long term towards levels that Schramm enjoys in Europe. While a strong global and automotive recovery, especially in our developed markets, drove Schramm’s growth in 2010, we expect that growth rates from our operations in developed markets will come down to reasonable levels and that continued double digit growth rates from operations in developing markets, mainly China, will be the key growth driver for 2011. Although no one can accurately predict the future, especially now with volatile commodity markets, inflation, political unrest, and an unstable global recovery, Schramm will grow successfully and persevere as it has for the last 200 years as this is embedded into our corporate culture.

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