Bevel-helical gear box B2 mal capacities PG kW type B n rpm continued o B2-CV10A

Flender/Flender Gear Units/Bevel-helical gear box B2

Micons different divisions and therecently created support departments havebegun to function efficiently in accordancewith the assignments and mandates laiddown. In parallel with this, financial reporting from the various units within the Group has beensystematised with the result that considerableimprovements have been achieved in thisimportant part of the NEG Micon controlbase. In 2, NEG Micon employed an average of 1,4 employees, as compared to an averageof 1,5 in 1. Changes in the Group Management In March 2, Per Hornung Pedersen took up his duties as Group CFO, and in April,Knud Andersen took up his duties as Directorresponsible for the Product Division. In 2, all employees of the parent company completed targeted quality courses, which has helped to create ashared perception of quality among all employees andmanagers throughout the organisation. 1[Expectations for 2] In 2, following the previous years consolidation, NEG Micon will once again befocusing on the market, and the target isgrowth which, as minimum, matches thedevelopment of the market. Against thisbackground, NEG Micon expects rapidgrowth, and forecasts turnover in the orderof DKK 5.5 billion. Measured on installedcapacity, NEG Micon expects an increase ofmore than 5 per cent compared to 2. Profits before tax and minority interests are expected to amount to approximately DKK2-2 million.Nevertheless, there will be appreciable fluctuations in earnings over the year, andNEG Micon therefore expects to incur loss inthe first six months of 2. Seasonalfluctuations are caused by number offactors, including the effects of the delayedDanish electricity reform, the accumulateddeliveries to the United States up to theplanned expiry of the PTC programme atthe end of 2, and the traditional rise inactivity on the German market in the secondhalf of the year. NEG Micons core markets in 2 will be Germany, Spain and the United States.Expectations for 2 reflect NEG Micons ambition to follow the market growth, asa