08.06.2011
Balance sheet report for fiscal 2010
At EUR146.5 million, Drees & Sommer AG group sales were up slightly on prior year. As a result of market focus, the operating result was increased by EUR0.8 million to EUR13.2 million. The positive trend in 2010 is attributable both to a slight improvement in the market environment and to a range of services tailored to national and international clients. International business now accounts for nearly 30 percent of total sales. The balance sheet total for 2010 is EUR70.8 million (prior year EUR104.0 million). The reduction is largely attributable to the passing of the (German) Accounting Law Modernisation Act (BilMoG). Net income totaled EUR7.7 million, consolidated net profits EUR7.2 million.
With subscribed capital, capital reserves and revenue reserves, the transfer of the balance sheet profit of EUR7.2 million results in equity of EUR22.8 million. The equity ratio is 32 percent. The 2010 operating result was achieved by 1,125 employees at 32 locations in the partner-managed company. Drees & Sommer expects to achieve continued moderate growth in fiscal 2011.
For more information, see the annual balance sheet 2010.
