Flender/Flender Gear Units/Helical gear Reduction Boxes H1
. (Building # Boiler House, Built in 1, 1L 1W (Height Varies), 1,4 Sq.Ft., 4,8Cu.Ft. (Building # [Annual Report 2]

2[Contents] Report . . . . . . . . . . . . . . . . . .

. . . . . .3 Key figures . . . . . . . . . . . .

. . . . . . . . .4 Result . . . . . . . . . .

. . . . . . . . . . . . . . .5 Markets . . . . . . . . . . . . . . . . . . . . . . . .7 Products and product development . . .1 Production . . . . . . . . . . . . . . . . . . . . .1 Organisation . . . . . . . . . . . . . . . . . . .1 Expectations for 2 . . . . . . . . . . . ..1 Board of Directorsand Group Management . . . . . . . . . .2 Investor . . . . . . . . . . . . . . . . . . . . . . 2 Influence and risk factors . . . . . . . . . .2 Information for investors . . . . . . . . . .2 Environment . . . . . . . . . . . . . . . . . . 2 Strategy plan . . . . . . . . . . . . . . . . . . 3 Wind energy and economy . . . . . . . . .3 Strategy and objectives . . . . . . . . . . . .3 Focus areas . . . . . . . . . . . . . . . . . . . .3 Accounts . . . . . . . . . . . . . . . . . . . . .3 Financial review . . . . . . . . . . . . . . . . .3 Accounting policies . . . . . . . . . . . . . .4 Distribution of result for the year, theManagements report andAuditors report . . . . . . . . . . . . . . . . .4 Profit and loss account . . . . . . . . . . . .4 Balance sheet . . . . . . . . . . . . . . . . . .4 Cash flow statement . . . . . . . . . . . . .4 Notes . . . . . . . . . . . . . . . . . . . . . . . .4 Other company information . . . . . . . .5 3[Report] 4[Key figures] DKK million 1 1 1 1 2 Earnings Net turnover 1,4.0 2,0.8 3,0.8 4,6.8 4,0.3Profit on primary operations before depreciation (EBITDA) 5.9 1.3 1.2 (4. 2.9Profit on primary operations before depreciation of goodwill (EBITA) 4.5 8.1 1.0 (4. 1.6Profit on primary operations (EBIT) 4.5 8.