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Sales [EUR in millions]

Orders received [EUR in millions]
 

Voith Hydro - Exceptionally strong new business
In the 2010/11 fiscal year, Voith Hydro increased its sales by 6% to €1 228 million (previous year: €1 158 million). This constitutes a very strong sales development in light of the lower number of orders received in the previous year. This development was recorded thanks to the high order volumes in recent years, the effect of which on sales was delayed owing to long project and production lead times.
Most sales were recorded in emerging economies. The strongest region in the year under review was still South America, driven by exceptionally large projects in Brazil. As in the previous fiscal year, significant portions of total sales came from Europe excluding Germany and from Asia respectively.

Voith Hydro recorded a profit from operations of €90 million in the year under review. Despite the substantial research expenses for the development of ocean technologies, this figure far exceeded the previous-year result (previous year: €76 million, +19%). Thanks to the efficient management of the projects, the return on sales rose from 6.6% in the previous year to 7.4%.

Voith Hydro performed very successfully in the positive market environment and secured new orders totaling €1 762 million. This is an increase of 81% on the previous year
(€972 million). At the end of the fiscal year on September 30, 2011, orders on hand amounted to €3 252 million. This is
€431 million more than on the cutoff date in the previous year (September 30, 2010: €2 821 million).

To be able to cope with the large number of orders acquired and to maintain its customary level of quality while meeting deadlines, Voith Hydro again added to its personnel capacity during the period under review. At fiscal year-end 2010/11, the equipment manufacturer for hydro power plants employed 5 345 persons, up more than 100 on the previous year (5 238, +2%). Most of the jobs were created in Asia and Germany. New employees were also hired in Europe excluding Germany and in South America with the new location in Manaus. More than half of Voith Hydro’s employees work in emerging economies.