We rely on clear economic data and facts and also on our personal feeling and on the comprehensive experience of our fellow-workers and our management board – and that is what makes success and not only the pure economic consideration and interpretation of figures.
Forecasts and unforeseeable events
This Internet page contains forecasts of our current estimation of events in the future. Terms line „hope“, „anticipate“, „assume“, „believe“, „rate“, „prognose“, „expect“, „can/could“, „plan“, „project“, „should“ and similar terms are characteristic „forecasting statements“.
These statements as well as notes contain additional risks und uncertainties – more than normal financial analysis will do. Some examples are an unfavorable development of the economic situation, in particular a decrease of demand on sales markets which are of importance to us and a sharpening of the state debt crisis in the European zone, an increase of political tensions in Eastern Europe, a decrease of our refinancing options on credit and financial markets, unavoidable events of higher force such as natural disasters, epidemics, terror acts, political unrest, industrial failures and their effect on our sales-, buying-, production- or financial activities, change of exchange rates or a possible loss of acceptance of our products and services with the consequence of hindrances in the pricing and in the load of production capacities, price increases of raw materials, interrupts of production because of material bottlenecks, strikes of personnel or supplier insolvencies, a decrease of the resale price, the successful execution of cost reductions and efficiency increasing actions, the business potentials of the companies in which we participate with important shares, the successful execution of a strategic cooperation and Joint Ventures, the modifications of laws, regulations and official guidelines, in particular if they relate to vehicle emissions, fuels consumption and security, as well as the termination of running official inspections and the end of pending or threatening legal procedures and other risks and imponderabilities.
If those uncertainty factors or imponderabilities occur or if the basis for the forecasts turns out to be incorrect then the real events can deviate considerably from the actual statements or from the implicitly expressed events. We neither intend nor feel obliged to permanently update ongoing statements because these statements base exclusively on the circumstances at the date when they are published.