New CFO for the NETZSCH Group
A farewell celebration was held for Hans Ingo Schwarze, CFO of Erich NETZSCH Holding GmbH & Co. KG, on April 4, 2008. Mr. Schwarze wishes to get actively involved in business investment. For this reason, Schwarze is leaving his position as CFO of the NETZSCH Holding.
His achievements for the NETZSCH Group are reflected in the positive numbers. When Schwarze began with the NETZSCH Group, the turnover was around 163 million Euros with a minimal equity-to-assets ratio. The turnover for FY2008 (June 30, 2008) will be approx. 290 million Euros.
Today the equity-to-assets ratio is over 40%, which is a very good number for a mid-sized family business like NETZSCH. The net debt lies far under 0.5. The interest coverage ratio is currently over 40. The Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) were 42.8 million Euros in FY2007.
During the transition period, Hans-Ingo Schwarze will continue to act as General Agent of the NETZSCH Group.
Dr. Hanns-Peter Ohl has been appointed successor to Hans-Ingo Schwarze. In Dr. Ohl, we have found someone who has an understanding of a global family business. Dr. Ohl studied Mechanical Engineering and Business Administration. Before coming to NETZSCH, Ohl worked for the Stuttgart building contractor Ed. Züblin AG.
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