September 27, 2016 7:39 AM ET

Industrial Conglomerates

Company Overview of L. Possehl & Co. MbH

Company Overview

L. Possehl & Co. MbH, together with its subsidiaries, operates in the special purpose construction, document management systems, printing machines, precious metals processing, elastomer plants, electronics, cleaning machines, and SME investments businesses worldwide. Its Special-Purpose Construction division provides special-purpose construction services for surface treatment; maintenance and improvement of road, industrial, business, and airport surfaces; restores monuments and historical buildings; produces and processes silica sand and quartz gravel; and manufactures mortar casting systems and cement renovation systems. The company’s Document Management Systems division manufactures autom...

Beckergrube 38-52

Lübeck,  23552

Germany

Founded in 1847

12,065 Employees

Phone:

49 451 148 0

Fax:

49 451 148 255

Key Executives for L. Possehl & Co. MbH

Chairman of Management Board and Chief Executive Officer
Age: 64
Head of Mergers & Acquisitions and Member of Management Board
Age: 46
Head of Corporate Communications
Member of Management Board
Age: 55
Member of Management Board
Age: 46
Compensation as of Fiscal Year 2016.

L. Possehl & Co. MbH Key Developments

Possehl Reports Preliminary Consolidated Earnings Results for the Year 2014; Provides Earnings Guidance for the Year 2015

Possehl reported preliminary consolidated earnings results for the year 2014. For the year, the company's net sales rose 16% in the last fiscal year to a record level of €3.3 billion. However, at approximately €125 million, consolidated net operating profit was slightly lower compared to the previous year. The sharp increase in sales was mainly due to the Company's business in precious metals, primarily gold. Excluding precious metal sales, group net sales came to €2.1 billion, representing a sales growth of 7%. Consolidated net operating profit before taxes fell 4% from the previous year to around €125 million, due also to nonrecurring expenses. The company expects its sales and earnings to increase moderately in the coming fiscal year 2015. This should happen by means of both internal growth and further Company acquisitions, in particular German SMEs.

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