Joachim Coers News

As announced in April, Dr Ulrich Dohle today takes up his new duties as Chairman of the Executive Board and CEO of Tognum AG. He succeeds Joachim Coers, who has left the company after nine years at his own request. In his new role, Dr Dohle will not only take on the typical duties of a CEO, such as corporate communication and strategy, but will also be responsible for R&D and quality management. In April, the Supervisory Board extended Dr Dohle's contract until December 31, 2015. He has been on the Executive Board of Tognum AG since 2009, previously holding the position of deputy CEO and CTO. One priority of the Executive Board's work will be to expand operations worldwide. At the same time, cooperation with Rolls-Royce and Daimler is to be intensified.

Tognum has agreed to the building of a public path running between its MTU plant in the Friedrichshafen district of Manzell and the shore of Lake Constance. A contract to that effect has been signed  by Joachim Coers, CEO of Tognum and managing director of MTU; Andreas Brand, Lord Mayor of Friedrichshafen; and Lothar Heissel, chief architect from the regional administrative authority (Präsidium) in Tübingen. With its signature, MTU Friedrichshafen allows Friedrichshafen City Council to build the path directly in front of the MTU Plant 2 site.

The Chairman of the Executive Board & CEO of Tognum AG, Joachim Coers, to hand over to Dr. Ulrich Dohle from July 1st, 2013. The Supervisory Board of Tognum AG regretted the decision taken by Coers, which they have accepted, and thanked him for his exceptional dedication and commitment in the past nine years. In its meeting on April 19th, the Supervisory Board elected Dr. Dohle unanimous as new Chairman of the Executive Board and CEO of Tognum AG and at the same time extended his contract to 31 December 2015. Joachim Coers joined what was then MTU Friedrichshafen in 2004.

2012-2014: Investment of more than one billion euros in plant expansion and R&D; Publication of Annual Report 2012 announced. The specialist for propulsion and power solutions Tognum intends to invest more than one billion euros by the end of 2014. This amount exceeds the volume that Tognum specified in a cornerstone paper together with Daimler AG and Rolls-Royce plc two years ago. Approximately €600 million of the total investment will flow into each of research and development and long-term capital expenditure.

Specialist for propulsion and power solutions, Tognum AG, has achieved its revenue and profit targets for the full year 2012. Revenues increased slightly last year by 1.4% as expected to €3.015 billion (2011: €2.97 billion). With an adjusted EBIT of €296 million, the adjusted EBIT margin was at 9.8% (2011: 11.6%). In August of last year, Tognum specified its forecast for the full year 2012. The company subsequently announced that it anticipated growth in revenues in the lower single-digit percentage range, with an adjusted EBIT margin of around ten per cent. “Following a successful start to 2012, a cooling global economic environment was noticeable around the middle of the year,” states Joachim Coers, CEO of Tognum AG.

Jörg Schwitalla will be the new Executive Board member for Personnel and Integrity at Tognum AG as of 1 January 2013. Tognum has created the new position on the Executive Board on the one hand to meet future requirements – such as the planned integration of Bergen Engines AS and the group’s growth targets – and on the other hand to achieve the aim of bringing the Personnel, Legal Affairs and Compliance divisions closer together and to underline the growing importance of ethics in corporate management.

Propulsion & power providers Tognum confirm 2012 forecast in financial report ended 30, September. The adjusted EBIT margin is expected to be at around ten per cent by the end of the year, while the company expects to see revenue growth in the lower single-digit percentage range. “The global economy cooled down further in the third quarter. As a result of our good order backlog, however, we are aiming for a fourth quarter slightly above last year’s level and therefore, from today’s perspective, we confirm our revenue and profit targets,” explained Joachim Coers, CEO of Tognum AG. Order intake at the end of the first nine months of the year was on a solid level at €2,296.3 million (Q1-Q3 2011: €2,382.3 million).

Tognum adjusts its forecast at end of the first half-year 2012, anticipating growth in revenues in the lower single-digits. The company now anticipates growth in revenues in the lower single-digit percentage range and thus remains within the current forecast corridor. The adjusted return on sales is expected to be around ten per cent by the end of the year. Tognum had previously assumed it would achieve an adjusted return on sales of over ten per cent. “The macro-economic prospects for the financial year deteriorated significantly in the course of the second quarter. We nevertheless expect to generate higher revenues in the second half of the year than in the first half,” says Joachim Coers, CEO of Tognum AG.

The first delivery comprises twelve MTU 16V 4000 M63 engines destined for Camorim, the Brazilian shipping company. Twin MTU engines will be used to power Rolls-Royce propeller-rudder systems on a total of six tug boats. Each engine in this order delivers power of 2,000kW, and its value lies at some three million euros to Tognum. The tug vessels will mainly be used in offshore oil production operations carried out by Petrobas, the petroleum producer in Rio de Janeiro/Macae. The second order is from Fjellstrand, the Norwegian shipyard. Four marine gensets based on MTU 16V 4000 M23S engines, each with a power output of 1,840kW, will be used to propel a multi-purpose offshore vessel operated by Norside Supporter AS. The engines back up the Rolls-Royce propellers and automation system.

Tognum, at the end of the first quarter, has confirmed its forecast for the full-year 2012. The company continues to expect a single-digit percentage growth in revenues and an adjusted return on sales of over ten per cent. “As a result of an order backlog that remains strong at over two billion euros, we are confident that we will achieve our targets for the 2012 financial year,” said Joachim Coers, CEO of Tognum AG. The order intake in the first three months of 2012 was solid at €771.5 million (Q1 2011: €817.9 million). Revenues were up 3.6% compared with the same quarter last year to €685.3 million (Q1 2011: €661.4 million). The adjusted EBIT was down 5.8% to €67.7 million (Q1 2011: €71.9 million). The decline results primarily from a scheduled increase in R&D expenditure.

Effective 1 July 2012, Dr. Michael Haidinger (51) is to be the new member of the Executive Board of Tognum AG responsible for sales. This was decided by the company’s Supervisory Board at its meeting yesterday evening unanimously. He succeeds Peter Kneipp (52), who left the Executive Board at the end of February 2012 by mutual agreement to pursue a new professional challenge. Dr. Haidinger is currently President of Rolls-Royce Deutschland and a member of the Supervisory Board of Tognum AG.

Tognum has picked up the accolade ‘Top Engineering Employer’ for the fourth time running. It also won the seal of quality ‘Top Employer in Germany’ for the third time. This year, a total of 34 companies in Germany were named the most attractive engineering employers, and a total of 118 qualified for the ‘Top Employer in Germany 2012’ category. As ‘Top Employer in Germany 2012’ and ‘Top Engineering Employer’, Tognum gained the highest grade for its attractive financial benefits such as salary and pension schemes.

Specialist manufacturer of propulsion and power systems, Tognum, has received the approval of the competition authorities for the takeover of the Bavarian manufacturer of power generator sets Aggretech. This means that 75.1 per cent of the shares in Aggretech will be transferred to Tognum this week. It is planned that the new Tognum subsidiary will be renamed to MTU Onsite Energy Systems GmbH. The Board of Management of Aggretech and later Managing Directors of the new company will be Hubert Diener as Chairman and Stephan Hoffmann. Hubert Diener was previously the Head of the Special Production Department at Tognum’s subsidiary MTU Friedrichshafen and Stefan Hoffmann was CFO of Aggretech.

In January 2011, the first step taken by Tognum to establish a new global sales organisation came into force. The new organization is designed to improve the service and support provided for the company’s existing customers and above all to acquire new customers worldwide for its broadly diversified product portfolio. Peter Kneipp (53) joined MTU Friedrichshafen in 1989 as a project manager for marine propulsion systems. At an early stage in his career, Peter Kneipp was involved in projects that enabled him to acquire experience in the Asia-Pacific region, where he has worked since 1997 until the end of 2010. He initially spent several years in Singapore, where he was mainly involved in customer service and after sales.

Friedrichshafen, 16 March 2011. The specialist for propulsion and power solutions Tognum decided at the meeting of the Supervisory Board on 14 March 2011, that Dieter Royal (47) will join the Executive Board as the new member responsible for the Finance and Corporate Services Division effective 1 October 2011. Dieter Royal succeeds Joachim Coers (46) as CFO, who replaces Volker Heuer (58) as CEO of the Tognum Group as of 1 October 2011. As announced in April of last year, Volker Heuer will then terminate his contract and go into retirement.