Consolidated Sales

The Freudenberg Group
Report of the Board of Partners
Foreword of the Management Board
Management Report of the Freudenberg Group
Global economic situation
Products and markets
Consolidated sales
The consolidated group
Minority interests and joint ventures
Financing and consolidated profit
Cash flow from investing activities and personnel expenses
Risk management
Prospects for 2004
Review of the Operations of the Business Groups and Divisions
People and Responsibility
Innovation
Consolidated Financial Statements
Major Group Companies and Shareholdings
Lists of figures and abbreviations
Imprint

At 3,867 million Euro, consolidated sales of the Freudenberg Group were 51 million Euro, or 1.3 percent, down on the previous year. This is due to the decline in sales by Freudenberg-NOK General Partnership and Freudenberg Nonwovens (largely as a result of exchange rate shifts) and to the deconsolidation of Freudenberg Mektec and Freudenberg Leather. The resulting drop in sales could not be offset by the first full consolidation of Freudenberg Politex Nonwovens and the rise in sales by Freudenberg Seals and Vibration Control Technology, Freudenberg Household Products and Klüber. Adjusted for currency effects, acquisitions and disinvestments, Group sales rose by 109 million Euro or 3 percent.

 Figure: Sales structure by sectors in percent