Académique Documents
Professionnel Documents
Culture Documents
2015
The brands of the ASH Group
UMBRELLA BRAND
SALES BY SEGMENTS
Aebi products 61 210 19% 55 093 18%
Schmidt products 172 419 53% 189 842 61%
Meyer / Swenson products 18 047 6% 0 0%
Service and spare parts business 72 790 22% 64 243 21%
Total net sales 324 466 100% 309 178 100%
Annual
Report 2015
2 Facts and Figures
4 Interview with the Chairman of the Board of Directors and the CEO
12 New Acquisitions
12 Acquisition in the U.S.
14 Acquisition in Europe
16 Areas of Application
58 Sustainability
58 Overview
60 Corporate Governance
60 Board of Directors and Management Board
64 Corporate Structure
66 Corporate Governance Report
70 Addresses
70
Employees by countries
in full-time equivalents
13%
Other
26%
Germany
14%
USA
14% 17%
Nether- Switzerland
lands
16%
Poland
traineeship
positions.
120 1572
ASH sales part-
ners worldwide.
Attractive traineeship positions and opportu-
nities for a career start at various locations.
full-time employees.
ASH’s own sales organisations are We benefit from the comprehensive exper-
complemented by a globally operating tise and the passionate commitment of our
distribution network. employees.
3 Facts and Figures
7 14
Sales by countries
in 2015
Switzerland 18%
Germany 16%
UK 8%
Netherlands 8%
Italy
6%
6%
– one message.
competence Sweden 5%
The ASH Group
centres and is an alliance of
Austria 5%
production traditional brands Norway 5%
facilities. for special-pur- France 5%
With a total pro- pose vehicles and Spain 3%
duction area of attachments that Russia 3%
73 000 m². take a leading
Poland 2%
position in their
respective mar- Belgium 2%
16
kets and whose Other 8%
technological
excellence cre-
ates a synergistic
325
effect for enha-
nced customer
value. Combined
ASH sales with reliable
organisations. services, cus-
ASH’s own sales tomers thereby
organisations cover receive optimum
the market in the solutions of
respective country. lasting value.
13%
Airport
32%
Municipal
winter
10 000
deliveries in 2016.
4 Interview with the Chairman of the Board of Directors and the CEO
On the left:
Stefan Heiniger
CEO
On the right:
Walter T. Vogel
Chairman of the Board
of Directors
and CEO Stefan sor and what are your expectations of him?
Vogel: I’ve come to know Stefan Heiniger
rather stagnant and customers are more re- ing, specifically to lower manufacturing costs.
served. That’s why I’m particularly pleased to This allowed us to somewhat mitigate the neg-
say that the ASH Group was able to gain mar- ative impact. But all efforts to strengthen com-
ket share in important markets and that it pays petitiveness, especially at the Swiss locations,
off to take a chance on innovative technologies will definitely be continued.
and be committed to the locations. Vogel: Despite the difficult market environ-
ment in 2015, we invested in innovation meas-
Let’s take a look back at the 2015 business ures and were rewarded by gaining additional
year. Were your expectations met? market share for Aebi. I’m convinced that con-
Vogel: To put it in a nutshell: We can’t claim tinuous innovation is important and the right
that our high expectations were met. We oper- way to go, especially in times like these. As an
ate in a difficult market environment and we
also did not sufficiently reduce our dependence
“Despite the difficult market envi-
on the winter business performance. The last
ronment, we invested in innova-
two winters were too mild again, which is now
also apparent in our performance. It is impera-
tion measures. I’m convinced that
tive that we continue to counteract this de-
continuous innovation is important
pendence by taking intelligent measures.
and the right way to go, especially
Heiniger: I agree. The strong Swiss franc
in times like these.” Walter T. Vogel
also had a very negative effect on our operations
in Switzerland in 2015. It’s hardly surprising that internationally operating group, we can also
all this led to even more intense competition. make use of synergies, benefit from purchases
However, I feel positive about the development in the euro area and have taken measures to
on the market side. Since mid-2015, we have increase productivity in manufacturing, with
seen a positive trend in incoming orders. our staff members in Switzerland making a
substantial contribution by working three extra
The Swiss National Bank’s decision to lift hours per week.
the euro exchange rate cap of CHF 1.20
in January 2015 does not make things any Besides the change in leadership, another
easier for industrial businesses. How did major event in 2015 was the acquisition
this affect your 2015 performance and how of the two U.S. companies Meyer and
are you addressing this challenge? Swenson. Why is that an important step
Heiniger: The ASH Group is well-position- for the ASH Group?
ed by having several international locations that Vogel: The successful acquisition in the
are also spread across the euro area. However, U.S. was preceded by many years of extensive
at our locations in Switzerland, namely Burg- preparations and market analyses. We weighed
dorf and Zurich, the cost basis became up to opportunities and potential risks very carefully
20% more expensive, virtually overnight, com- and always agreed that we would either take
pared to other European countries. This fact this step the right way or not at all. We ultima-
made it necessary to push projects that had tely decided to do it “the right way” because,
already been started in areas such as purchas- geographically, the market for winter service
Major Events
in 2015
JANUARY
18. FEBRUARY
20.–22. APRIL
8.– 14.11.2015:
9/2015: ASH Group acquires North American Agritechnica 2015 trade fair,
winter equipment manufacturers. Hanover.
At the end of September, the ASH Group acquires The Agritechnica is the world’s
the two North American winter equipment manu- largest exhibition for agricultural
facturers Meyer Products LLC and Swenson equipment and at the same
Spreader LLC. Both companies belonged to Louis time the largest market of new
Berkam Winter Products Company LLC head- products – so we just have to 31.12.2015: Full
quartered in Steubenville, Ohio. The acquisitions be part of it! In 2015, the ASH integration of Nor-
offer an excellent basis for entering the important Group again impressed the visi- wegian plough manu-
North American winter service market. tors with a highly attractive facturer Tellefsdal.
trade fair appearance and As early as 2013, Aebi
premium agricultural products. Schmidt Holding AG
The successful trade fair was acquired 50% of the
extraordinarily well-attended shares in traditional
9/2015: Change in leadership Norwegian plough
this year.
at the ASH Group. manufacturer
In September 2015, Tellefsdal. The
Stefan Heiniger assumed innovative company
the position of CEO of the headquartered in
ASH Group to supersede Sundebru was
Walter T. Vogel, who took completely taken over
over at the same time as the in 2015 and has also
group’s new Chairman of been fully integrated in
the Board of Directors. The the ASH Group’s
previous Chairman, Peter 6.–9.10. 2015: Inter airport operations since
Spuhler, will remain a member Europe 2015 trade fair, Munich. 31 December 2015.
of the Board of Directors. In On an outdoor area as large as The integration of the
addition, Dr. Peter Ramsauer, 700 m², the ASH Group company and its
former German Minister of showcased premium airport 42 staff members
Transport, was appointed at technologies of the latest constitutes a significant
the General Meeting as generation. Moreover, topics gain in expertise for the
a new member of the Board relating to “Smart Airport Opera- ASH Group.
of Directors. tions” as well as an exclusive
outlook into the future of the
ASH product portfolio were
shown in the ASH Future Dome
– this year, the event again
attracted a great deal of attention
among the visitors.
SEPTEMBER
SEPTEMBER
SEPTEMBER
6.–9. OCTOBER
8.–14. NOVEMBER
2015
Acquisitions
in the U.S.
Chicago
Cleveland
Acquisitions in
Europe
Egil Aasheim
Managing Director, Aebi Schmidt Norge AS
Operational
Corporate Structure
ASH Group lies with the CEO, unless another business address in
8050 Zurich, Leutschenbach-
ASH GROUP
Areas of
Application
Product
range
Dump body
Product
range
Control and
information
systems
Our locations:
Innovative. International.
15 Germany
ASH Logistics Centre,
Aebi Schmidt Deutschland GmbH
Holding
6 Switzerland
Aebi Schmidt Holding AG
10
5
11
14
12 2
15
13
3
1
6 7
4
9
AS North America
The AS North
America Division Locations in North America
was established Sales & Service
this year to serve and Competence Centres
North American 2
Meyer Products LLC
USA, Lindenwood, Illinois
market. Swenson Spreader LLC
2
1
Global markets
Global
opportunities
Eastern Europe
Aebi Schmidt Holding AG Annual Report 2015
27 Organisation and Geographical Coverage
Municipal winter had been declining for years; since 2013, how-
ever, the volume of incoming orders has stabi-
equipment: For lised at a low level. The 2015 business year can
nevertheless be regarded as positive: Given the
more safety and overall stable market situation, the ASH Group
still has a large market share, which we were
environmental able to increase steadily. In ordinary years, we
– the goal is to be able to use it in all spreaders gines to meet the latest European emission
and ploughs. By including additional software standards. To optimise the clearing operations
products, the new control system will also be in challenging terrain (e.g. mountain passes), a
expanded to include other areas of application GPS-guided control system was additionally
(e.g. sweepers or airport equipment). integrated.
As regards plough manufacture, 2015 saw
us prepare for the market launch of the rede- Purchasing
signed lightweight SNK.2 polymer plough, Price stability and cost reduction are the
which is planned for early 2016. While rede- key success factors in purchasing. We are
therefore very pleased to have achieved further
Smart WinterCare reductions by renegotiating the prices with
By introducing a new operating concept, Schmidt has once
again underlined its leading role in control technology, some of our suppliers. At the same time, we are
setting new standards with EvolutionLine. The innovative naturally always interested in both close and
control system is ready for the installation of add-on
modules such as AutoLogic (automatic spreading continuous collaboration: This is the only way
operations incl. navigation) or online communication via to optimally coordinate processes and save un-
Web applications.
necessary costs.
Due to the drop in raw material prices, the
prices of semi-finished products and sheet
metal also fell, creating some financial freedom.
The relocation of our procurement of polyure-
signing this plough, the primary focus was thane parts to Poland in 2015 also helped us
placed on adaptation to new market require- save additional costs. The establishment of an
ments, such as new cutting edges and im- efficient supplier management system and the
provement of the lifting system for larger vari- introduction of a consistent schedule for nego-
ants. Another major focus is the harmonisation tiations enabled us to achieve another price re-
of the compact electrical systems, while also duction of about 2%. Moreover, further price
modernising them in line with the latest stand- reductions were arranged for 2016.
ards. In addition, an increase in the percentage
Moreover, we expanded the areas of ap- of framework agreements with a full contract
plication of our easy-to-operate lightweight package (framework, quality, tool and develop-
“EN” plough to include other carrier vehicles ment agreements) was achieved. Our terms of
such as our Swingo compact sweeper – as a purchase and our supplier risk analyses were
result, the Swingo is equipped with a full “win- updated as well.
ter package” (incl. spreader) and can also be
used profitably in the cold season. Production
As regards our attachable snow cutters, Introduced as early as 2014, our new “Fit for
the first technical modifications were imple- tomorrow” efficiency programme has proved
mented to further optimise the clearing capacity highly effective and led to a significant increase
– this was done in response to current market in efficiency in the direct and indirect area in
needs. Our Supra 4002 and 5002 snow cutter both production and logistics. It is aimed at urg-
blowers are now available with EuroMot4 en- ing all employees to observe binding guidelines
and quality directives, thereby substantially ronmentally friendly products (“green mobility”)
contributing to best optimising the processes, and complete solutions from one source.
saving further production time and noticeably
reducing the overall costs. The harmonisation
of the production planning processes between
the departments is now completed and the ma-
terial availability is reliably guaranteed by using
an advanced scanner system.
At our factory in Kielce, we converted the
fitter’s shop to adapt it to our growing challeng-
es. Moreover, the flow of materials was opti-
mised. In view of the implementation of the
SNK snow ploughs in the main assembly line
planned for 2016, the assembly line I was con-
verted in preparation for the line change.
Outlook
In order to counterbalance climate change
and the increasing competitive pressure in Eu-
rope, we decided to internationalise the winter
business as consistently as possible in the long
term. Both the acquisition of Tellefsdal in Nor-
way and that of Meyer and Swenson in North
America serve the purpose of expanding our
range of products and becoming more flexible
in our markets while increasing the level of
market penetration. We will continue to place a
strong focus on the global trend towards envi-
“900 visitors,
wonderful weather
and a magnificent
backdrop: The perfect
prerequisites for
the professional
and successful
demonstration of
our winter main-
tenance equip-
ment. Our ‘Pro-
fessionals at the
top 2015’ customer
event on top of the
Grossglockner will
certainly remain in the
memories of all par-
ticipants for a long
time.”
Emil Wasmer
Product Manager, St. Blasien (Germany)
Oslo. The customised version of the SK1200 ards, it was equipped this year with a VM Euro6
with a hopper capacity of 12 m³ is the so-far engine. As a result, all our compact sweepers
largest Schmidt truck-mounted sweeper. now meet the required emission standards.
Our Cityjet 3000 and 6000 street washers are
Swingo also to produce the lowest emissions possible.
As small and unimposing as a compact sweeper like the
Schmidt Swingo 200+ may be, the technology inside is all The necessary steps were taken based on the
the more complex and sophisticated. From the disc brushes Swingo Euro6 and Cleango Euro6 platforms.
to the pressurised water recirculation system all the way
to the hopper, all components are perfectly matched with
The market launch of the modified Swingo
each other. However, the core component of every sweeper marked the development of the next generation
is the suction nozzle. The “needle eye” in sweeping of the 2 m³ compact sweeper to supersede the
technology plays a major role in the performance. Not only
the sweeping result but also the noise level and the fuel MFH2500. It combines the unique selling points
consumption strongly depend on the sensitive technology. of the MFH2500 (Koanda system and control
Last but not least, the maintenance costs for the castor
wheels or the folding mechanism are a major factor in the lever) with the tried and tested features of the
calculation of long-term expenses. Under the motto Swingo platform. At the same time, new fea-
“Optimised performance, reduced costs”, Schmidt therefore
presents a new high-performance suction nozzle in tures such as the optimised steering column
spring 2015, which impresses with a significant increase were integrated as well. This new, extremely
in efficiency while saving up to 15% operating costs.
stable steering column significantly enhances
the ergonomics for the driver of the compact
sweeper by offering a number of adjustment
options and individual adaptation possibilities.
Purchasing
In addition, the factory in Kielce made tech- The establishment of an efficient supplier
nical preparations for the takeover of Bemab management system and the introduction of a
sweepers in mid-2015. The two model variants, consistent schedule for negotiations enabled
MSH070 and MSH150, were ready for sched- us to achieve another price reduction of about
uling at the end of 2015; the first few orders 2%. Moreover, further price reductions were
have already been placed. arranged for 2016.
Our internal production process control
Innovation system (kanban) in the warehousing area was
We are consistently dedicated to predict- expanded to include external suppliers. Scan-
ing tomorrow’s trends today for our customers ning the kanban card automatically generates
who seek municipal summer service solutions. an order with the supplier. The supplier, in turn,
The development of groundbreaking products delivers the products to Schmidt in the corre-
therefore accommodates all aspects of opera- sponding Schmidt load carrier via the receiving
tional efficiency, cost-effectiveness and sus- department directly to the production line –
tainability in this business segment as well. The avoiding time-consuming detours via the high-
selling points that are important to the custom- bay warehouse.
ers are usually determined by attention to detail. As a result of an optimised contract design,
In an effort to also modernise our Cleango our suppliers now have to be able to replenish
compact sweeper in line with the latest stand- their stocks within specified periods of time,
which eliminates the need for the storage of customer satisfaction and a corresponding re-
parts by Schmidt. The first few pilot projects duction in warranty costs.
with selected suppliers have already been
started. Moreover, consolidation measures and Investment
discontinuation of products (e.g. MFH) made it By making targeted investments, it was
possible to once again reduce the number of possible to expand the production area of our
active suppliers. 2 m³ compact sweepers to become a modern
In addition, an increase in the percentage assembly area. This is emphasised by the im-
of framework agreements with a full contract plementation of a new handling system as well
package (framework, quality, tool and develop- as the redesign of the workstations equipped
ment agreements) was achieved. Our terms of with ergonomic workbenches that were devel-
purchase and supplier risk analyses were up- oped together with our staff members in line
dated as well. with the lean methods.
Production Outlook
In the field of inventory/materials manage- We will continue to consistently pursue our
ment, we implemented a new barcode scanner commitment to always offer our customers ex-
system to enable faster and error-free data en- clusively high-quality products at favourable
tries. The kanban supply by various suppliers prices. On the whole, however, we are noticing
implemented in 2015 also supported this pro- a significant intensification of the competitive
cess. The time required for the annual inventory situation; even more competitors will attempt
was significantly reduced. to seize their opportunities by employing ag-
The conversion of the entire Swingo manu- gressive pricing policies. We are not willing to
facturing area of about 800 m² on the basis of cut back on the quality or efficiency of our
lean production also played an important role, products in favour of more favourable market
increasing the manufacturing capacity by up to prices.
66%. The flexibility in manufacture was also im-
proved; in this connection, the staff members
were additionally trained in multi-workstation
capability. The material supply took place via
the kanban system and tugger trains.
Furthermore, the high-bay warehouse was
modified by introducing SLCs (Schmidt load
carriers). The receiving department was com-
pletely redesigned by integrating a repacking
station into SLCs. We aim to provide optimum
lot sizes in the assembly line.
Owing to our consistent supplier manage-
ment and continuous process optimisations,
we were able to continuously improve the qual-
ity of compact sweepers, resulting in enhanced
“Continuous improve-
ments that are imple-
mented instantly with
the involvement of
our staff members:
this is what we un-
derstand by lean
management.
Our goal: High-
est customer
satisfaction by
outstanding
quality. The lean
philosophy must
be integrated into
daily routine and no-
body can do it better
than our experienced
and motivated staff
members.”
Martin Freudig
Lean Manager, St. Blasien (Germany)
Agricultural tries.
Product range
The Aebi brand name is synonymous with
In 2015, our particularly inno- a both versatile and innovative product range
vative and versatile product range as well as superior quality: Our Terratrac carrier
again helped us to achieve the vehicles for steep slopes are the world’s pre-
mier choice for operations in sloping terrain,
success we aimed for, enabling us
the multipurpose transporters are ground-
to further increase our market
breaking from concept to comfort and our
share across all product segments single-axle motor mowers deliver unrivalled
– under the Aebi brand. The results power. Innovations and product optimisations:
we achieved make us very confi- The Aebi TT211’s excellent ranking among the
dent about the next few years. top 5 in the “Tractor of the Year 2015 – Best of
Specialized” has once again proved our prod-
uct philosophy of offering our customers both
Market of agricultural equipment efficiency and operational comfort: We will con-
This year, we were again able to further in- tinue to move forward in this successful com-
crease our market share in important product mitment.
segments, despite the unfavourable CHF/EUR The CC66 single-axle mower with an en-
exchange rate and another increase in com- hanced engine output of 23 HP was newly add-
petitive and pricing pressure. The sale of 205 ed to the product range. The powerful engine is
Combicut machines to an Austrian association in high demand wherever broader and more ef-
(overall stable market share development with ficient mulchers are needed (this engine variant
upward tendency) and a highly successful sale also sets new standards in winter service),
to Switzerland in autumn deserve particular which, in turn, significantly reduces the hours of
mention. We were again very successful in operation. This additional product variant of the
France, where we gained considerable market CC66 was introduced in response to repeated
share with our Terratrac. Our product range customer requests.
The software of the VT450 Vario, our high- kind innovation. After several years of develop-
end transporter model with variable-speed ment, we were able to present the ready-to-
drive, was considerably optimised, resulting in use machine at trade fairs, where it instantly
a significant improvement of the start-up be- found its first few delighted owners. A great
haviour. This measure was so successful and advantage of the modified TT280 consists in its
working with the vehicle is now so much fun mobility on the plantation.
that some customers talk about a real “chip
tuning”. Aebi TT280 with overhead winch and crawler track
supports ski slope preparation in Adelboden
A crawler track can now be offered not only Thanks to its crawler tracks and overhead winches, the
for our TT280 carrier vehicle for steep slopes, Aebi TT280 is ideally suited to prepare even the steepest
ski slopes quickly and efficiently. The resources of the
but, thanks to the variable-speed drive, also for helpers can be spared and utilised where no machines can
the VT450 Vario transporter. Initial tests in be used. The Aebi VT450 Vario and TT280 are also in high
snow were very successful; some vehicles with demand when it comes to transport work in Adelboden.
Whether tarpaulins, power cables, signs or barrier nets for
this option have already been sold. Manoeu- the slopes – the two red helpers on four wheels, or rather
vring in difficult-to-access skiing regions is not crawler tracks, are working tirelessly at the World Cup in
Adelboden.
a problem anymore with the crawler version of
the VT450 Vario. The VT450 Vario does an ex-
cellent job in a multitude of areas of application
(e.g. transports to ski huts, preparation of ski
runs, waste disposal, fire-fighting operations
and many more).
The driver’s cab of our small Terratrac line
received a facelift, the software was improved
and the response time of the hydraulic unit was
considerably shortened – making the carrier Innovation
vehicle for steep slopes more modern and Upon homologation of the MT transporters
powerful. and completion of the corresponding produc-
The sales volume of our Terratrac TT280, tion documentation, the conversion to the new
the most powerful high-end model, increased Euro6 engine generation was concluded. As
by almost 40% compared to previous years. part of the development of the MT720, MT740
Aebi generated high sales volumes mainly in and MT750, the modularisation and standar-
export, in skiing regions and in combination disation of the three vehicles was strongly ad-
with a mulcher. This Terratrac is now also avail- vanced. This is now also reflected by the signifi-
able with an overhead winch. cantly higher quality of the machines.
By launching our lightweight, compact Due to the strong Swiss franc, the focus in
CC110 mower with a weight of only 125 kg, we 2015 and 2016 is again placed on reducing the
were able to close a gap in the product range. manufacturing costs – this means mainly a re-
The demand in 2015 was very pleasing; the ex- duction in cost drivers. To this end, we are
pected sales volume was far exceeded. working on the simplification and modularisa-
The TT280 olive tree shaker was launched tion of the design as well as the optimisation
on the Spanish market in 2015 as a one-of-a- and adaptation in line with the latest manufac-
turing methods. We actively participate in the changed with a lasting effect. The pricing pres-
lean manufacturing activities initiated by the sure on Swiss suppliers has become particu-
production department to further optimise the larly strong. Although we have encouraged the
design-related assembly costs. suppliers to pass on the euro advantage, not all
The growing requirements for the products of them were willing to do so. We had to inform
as well as their increasing complexity requires suppliers not willing to pass on the euro advan-
more extensive collaboration with universities, tage that we do not seek long-term collabora-
technology centres, testing institutes and in- tion with them. The collaboration with suppliers
dustry partners. In order to improve our prod- in Northern Italy and other European regions
was enhanced and intensified – we are sup-
City, country and more – Aebi MT ported by our colleagues of the Schmidt Divi-
The Aebi MT is a true quick-change artist and a crafty one.
Three model variants and two different cab widths (1,60 or sion in St. Blasien in establishing new business
1,70 m) are available. Boasting up to 115 kW (156 HP) and relationships.
a 6-cylinder VM turbo diesel engine (Euro 6), the top-of-
the-range model, the MT750, brings decent performance
on the road. The maximum payload is 4,8 tonnes – a benefit Production
that pays off. An interesting vehicle not only for municipali-
ties, freight forwarders, public utility companies, construc-
The production of the MT vehicles was
tion firms or forestry engineers looking for an all-wheel drive successfully integrated into the Transporter
vehicle which can also be used in confined space. line. By consolidating the TP/MT lines, we
achieved even capacity utilisation over the year
as well as an increase in productivity. To en-
hance efficiency, the production start of the
new CC110 mower was also integrated into the
existing CC36 line in spring 2015. The high vol-
ume of orders for Terratrac, Transporter and
Combicut necessitated the reinforcement of
ucts in the long term and further increase the the assembly staff, especially in the first half-
internal know-how, we also work with external year of 2015.
specialists in the field of design to cost. The In the third quarter of the year, a road map
new European authorisation regulations effec- was created for lean management. The pro-
tive from 2017 will entail considerably higher gramme is called “Fit for tomorrow” with a focus
technical requirements. The new regulations on 3S and material supply.
will also apply to our existing products (Trans-
porter, Terratrac and Combicut), which is why Investment
these will also need to be homologised by the The spatial integration of the LSO Switzer-
effective date of the standard. For this reason, land at the business location of Burgdorf neces-
we reinforced our team in the fields of verifica- sitated various extensions, such as entrance
tion and homologation for 2016. gates, crane systems, etc. The consolidation
of the Transporter and MT assembly lines also
Purchasing necessitated various minor investments to in-
Since the Swiss National Bank’s decision crease the efficiency of assembly processes.
in January 2015, the supplier relations have Major progress was also made in software de-
Outlook
Whether innovation, design or customer
value is concerned: All Aebi products are one
step ahead of competitors. In 2016, we will
focus on reducing the manufacturing costs – of
course, without compromising the quality or
functionality of our products. The measures
necessary to achieve this need to be taken to
counterbalance the strong upvaluation of the
Swiss franc in 2015. In production, it will be the
first time for Aebi to benefit from the advantag-
es of a standardised MT product line, which will
be perceived by customers as another increase
in quality and reliability. Of course, we will sur-
prise our customers with yet other innovations
in the course of the next year.
Airport equip- strated in our market studies, the U.S. has also
seen a strong increase in environmental con-
ment: Highest sciousness and the demand for high-tech solu-
tions from one source over the last few years –
performance and our technological edge will again constitute a
clear competitive advantage.
availability of our
Product range
systems, now also Whether both versatile and powerful inno-
Production
As regards the airport sprayers segment,
we can look back on a great number of suc-
cessfully completed customer projects in 2015.
The new ASP vehicles will now be operating at
Purchasing
In line with our increased sales efforts, we
also continued to expand the necessary pro-
curement activities. By creating an additional
strategic purchasing location, we have distrib-
uted our product groups in a way that opened
up new space for procuring railway compo-
nents in the procurement area of steel con-
struction and hydraulics. Of course, our select-
ed suppliers possess the officially required rail-
way authorities’ licences.
Investment
In the future, data acquisition will place in-
creasing demands on machines; at the same
time, however, the requirements in the data
processing centre are also growing. In order to
be successful in the future, DMi is creating a
completely new platform which will offer maxi-
mum flexibility and much more cost efficiency.
At present, DMi is already securing the inter-
faces to important manufacturers and will con-
tinue to reliably provide the data from external
systems. Useful weather, traffic and other geo-
graphical data will additionally be made availa-
ble to customers. The intelligent and forward-
looking consolidation of industry-relevant data
will offer our customers huge added value – we
make sure that the best performance can actu-
ally be purchased at the most favourable price.
“The development of
the DMi Web platform
is ongoing. The fully
scalable architec-
ture and the
modular con-
struction in
the cloud
provide a
solid basis
for the rapid,
permanent
and cost-effi-
cient growth of
our telematics
solutions.”
Pier Kerstra
Manager Operations & Development,
Wageningen (Netherlands)
Report
Sustainability
2015
Sustainable value
creation through
clear management
and control prin-
ciples.
Aebi Schmidt Holding AG,
with registered office in 8500
Frauenfeld, Zürcherstrasse 310,
and another business address
in 8050 Zurich, Leutschenbach-
strasse 52, is a public limited
company under Swiss law.
The Board of Directors and the
Management Board attach great
importance to proper business
management in the interest
of customers, business partners,
employees and shareholders.
The basis for this is provided by
the company’s statutes and orga-
nisational regulations. Their
implementation and consistent
application ensure the required
transparency for stakeholders
to assess the company’s quality.
From left to right; front: Peter Spuhler, Dr. Peter Ramsauer, Rudi
not in the picture: Andy Outcalt (CEO AS North America)
Rosenkamp, Walter T. Vogel, Stephan Naef, Peter Muri, Jochen Schneider, Dr. Gero Büttiker, Hansruedi Geel; rear: Stefan Heiniger, Marco Studer;
Board of Directors
1 Walter T. Vogel
2 Dr. Gero Büttiker
3 Peter Spuhler
4 Dr. Peter Ramsauer
5 Hansruedi Geel
6 Peter Muri
1 2 3
4 5 6
Management Board
7 Stefan Heiniger
8 Stephan Naef
9 Marco Studer
10 Jochen Schneider
11 Andrew Outcalt
12 Rudi Rosenkamp
7 8 9
10 11 12
1 Walter T. Vogel and Energy in the German Bundes- Switzerland and Member of the Mana-
Chairman of the Board of Directors tag; 2009–2013: Federal Minister gement Board; 1994–1997: Controller
1957, Swiss citizen for Transport, Building and Urban Siber Hegner Management AG
Development; 2005–2009: Chairman
Dipl. Masch.-Ing. ETH Zurich of the CSU regional faction in the 9 Marco Studer
Since 2015: Chairman of the Board German Bundestag, personally liable Head of Division Aebi
of Directors, ASH Group; 2007–2015: partner of Ramsauer Talmühle KG 1976, Swiss citizen
CEO ASH Group; 2003–2007: CEO in Traunwalchen, Bavaria
Von Roll Holding AG; 1999–2003: Dipl. Automobil.-Ing. FH
Von Roll Group, Head of the Infratec 5 Hansruedi Geel Since 2011: Head of Division Aebi;
Division and Member of the Group Member of the Board of Directors 2010–2011: Operational manage-
Management; 1995–1999: HILTI AG, 1956, Swiss citizen ment of Division Aebi; 2008–2010:
Head of Direct Fastening Business Unit Aebi & Co Maschinenfabrik, Head of
and Member of the Extended Group lic. oec. HSG, Qualified Public Assembly; 2006–2008: Mercedes-
Management; 1992–1995: Aliva AG, Accountant Benz Automobil AG, Branch Manager
Marketing and Sales Director and Since 2001: CFO Stadler Rail Group; NF Wetzikon; 2001–2006: Mercedes-
Member of the Management Board 1997–2001: CFO Benninger Benz Automobil AG, Service Manager
AG / Benninger Group; 1994–1997: and Deputy Manager NF Schlieren
2 Dr. Gero Büttiker CFO Lüchinger + Schmid Group;
Vice President 1990–1994: CFO Elektronikgruppe 10 Jochen Schneider
1946, Swiss citizen FELA; 1981–1990: PwC, Public Head of Division Schmidt
Accountant 1962, German citizen
Dipl. Bau-Ing. ETH Zurich,
Dr. oec. publ. 6 Peter Muri Dipl.-Wirtsch.-Ing. Darmstadt
Since 1993: Self-employed entrepre- Member of the Board of Directors University
neur; 1985–1993: NUEVA Holding AG 1958, Swiss citizen Since April 2012: Head of Division
(formerly Schweizerische ETERNIT Schmidt; 2004–2012: Managing
Holding AG) Delegate of the Board of lic. iur. Solicitor Director FAUN Umwelttechnik GmbH
Directors Since 1994: Owner of a law firm in & Co. KG; 2000–2004: CEO Dätwyler
Weinfelden specialising in economic Inc. Rubber + Plastics Automotive;
3 Peter Spuhler and revenue law, Member of the 1996–2000: Vice President & Partner
Member of the Board of Directors Board of Directors in various SMEs ABB Business Services Ltd;
1959, Swiss citizen 1991–1996: Colgate Palmolive
7 Stefan Heiniger
Entrepreneur CEO 11 Andrew L. Outcalt
Since 1989: Majority shareholder (83%) 1973, Swiss citizen CEO AS North America
and CEO Stadler Rail AG, Bussnang. 1960, American citizen
Other activities and interests: Dipl. El.-Ing. ETH, ETH Zurich /
Chairman of the Board of Directors Executive MBA HSG, University Dipl. Bachelor of Arts,
Stadler Rail AG, Bussnang, in various of St. Gallen Ohio Wesleyan University
companies of the Stadler Rail Group Since September 2015: CEO ASH Since October 2015: CEO AS North
and PCS Holding AG, Warth-Wein- Group; 2010–2015: Gallus Ferd. America; 2006–2015: President Louis
ingen; Member of the Board of Rüesch AG. COO Label Printing Berkman Work Products Company;
Directors Walo Bertschinger Central Machines Division; 2010–2005: 2003–2006: EVP LBWPC; 1999–
AG, Zurich; Allreal Holding AG, Baar; Gallus Ferd. Rüesch AG, Member 2003: Sr. Vice President MTD
Rieter Holding AG, Winterthur; of the Management Board (Head Products Inc. USA; 1995–1998: Vice
DSH Holding AG, Warth-Weiningen; of Customer Service and Head President MTD Products Europe;
Wohnpark Promenade AG, Frauenfeld; of Research & Development); 1987–1995: MTD Products Inc. USA
Vice President ZLE Betriebs AG, 2000–2004: ABB various functions
Zurich; 1999–2012: Member of the 12 Rudi Rosenkamp
Swiss Parliament (National Council) 8 Stephan Naef Head of Division Sales & Service
CFO 1963, Dutch citizen
4 Dr. Peter Ramsauer 1962, Swiss citizen
(Member of the Federal Parliament) Dipl. Ing.
Member of the Board of Directors lic. oec. publ., Zurich University Since 2013: Head of Division Sales
1954, German citizen Since 2008: CFO ASH Group; & Service ASH Group; 2010–2012:
2006–2007: CFO Von Roll Holding Head of Direct Marketing Depart-
Dipl. Kaufmann, Dr. oec. publ. AG; 1998–2005: Head of Finance ment; 2008–2010: Head of Service
Since 1990: Member of the German and Controlling Danzas, Switzerland, Department; 2004–2008: Sales
Bundestag; since 2014: Chairman of after merger and renaming, Head Management in the Netherlands
the Committee on Economic Affairs of Finance and Administration DHL
GROUP STRUCTURE
BOARD OF DIRECTORS
MANAGEMENT BOARD
Stefan Heiniger
CEO
Stephan Naef
CFO
the business year. The annual report and the conversion of registered shares into unregis-
audit report are sent to the company’s regis- tered shares, which requires at least two-thirds
tered office no later than twenty days prior to of the votes represented and absolute majority
the annual general meeting. Extraordinary gen- of the nominal share value represented, shall
eral meetings are convened as necessary. The be exempted from this regulation.
Board of Directors shall convene an extraordi-
nary general meeting if requested in writing by External auditors
shareholders representing at least 10% of the In 2014, PricewaterhouseCoopers AG, Zu-
share capital, indicating the purpose and the rich, assumed the mandate as the external au-
proposals. The general meeting is convened by ditor of Aebi Schmidt Holding AG. The senior
letter to the shareholders no later than twenty auditor Stefan Räbsamen has been in office
days prior to the date of the meeting. Besides since then.
the date, time and place of the meeting, the The inspection and supervision of the audit
items listed on the agenda as well as the pro- is incumbent upon the Audit Committee. The
posals of the Board of Directors and the share- external auditors draw up an extensive report
holders shall be indicated in the notice of con- on the results of their audit on an annual basis.
vocation. No resolutions can be passed on The audit report is accompanied by a manage-
items that are not announced in this manner ment letter and a comprehensive report to the
with a proviso to the regulations regarding gen- Board of Directors.
eral meetings attended by all shareholders (uni-
versal meetings). Compliance
Provided that no objection is raised, the The ASH Group distributes a large portion
representatives of all shares can hold a general of its products in the environment of public in-
meeting without having to comply with the stitutions (federal states, cities, municipalities,
formal requirements of convocation (universal motorway and airport operators) and therefore
meeting). As long as the owners or representa- pays special attention to always complying with
tives of all shares are present, this meeting is all applicable national and international regula-
entitled to discuss and pass valid resolutions tions.
on all items within the limits of the general The term compliance stands for compli-
meeting’s authority. ance with standards, laws and industrial stand-
There is no statutory limitation of voting ards as well as any requirements within the
rights. Registered shareholders whose names scope of self-regulatory measures or in-house
are entered in the company’s share register are directions. In the past business year, the ASH
eligible to vote. Each shareholder can have Group examined the existing compliance regu-
himself represented by another shareholder lations and processes and adapted them to
provided with a written power of attorney. amended and new statutory requirements,
Pursuant to Art. 703 OR [Swiss Law of where necessary. Today, the ASH Group ex-
Obligations], resolutions of the general meeting hibits a well-balanced overall system to fulfil the
shall be passed by absolute majority of the ever more complex issue of compliance.
represented voting shares. Resolutions listed in
Art. 704 OR as well as resolutions regarding the
The major elements of compliance are as – The inspection of customers and the dual-
follows: use inspection were tightened, especially in
the spare parts business. The export regula-
– Code of Conduct – Defines the fundamental tions demand compliance and verification
values of our employees’ activities. that no goods or services are provided to a
person or institution prohibited by an official
– Competence regulations – Defines the com- authority from being supplied and whether
petencies within the company. or not the regulations for goods that can also
be used for military purposes are complied
– Risk management – The Management Board with. Last year, the list of affected persons
examines the risks of the ASH Group on be- and institutions was constantly extended
half of the Board of Directors and defines due to political upheavals. Using the newly
measures to avoid, limit or pass on the risks. introduced processes and computer-based
One of the identified risks explicitly deals check programmes, the inquiries can be
with compliance risks. A “risk officer” and risk carried out efficiently and promptly.
limitation measures were defined for these
risks as well; the implementation of the – The international sales team completed a
measures is inspected on an annual basis training conducted by external specialists to
and adapted, where necessary. further raise awareness of compliance and
improve communication.
– ICS (Internal Control Systems) – The risks
identified by the persons in charge of the The ASH Group is convinced that the prin-
processes are examined within the scope of ciple of conducting business transactions in a
appropriate inspections. The inspections responsible manner and in compliance with the
are reviewed by the Management Board on statutory and official regulations of the coun-
an annual basis and, where necessary, ad- tries in which we are operating is feasible and
aptations are requested from the Board of that the high compliance requirements will de-
Directors. velop to become an integral part of our busi-
ness model. The ASH Group is making every
– The process of checking existing and new effort to constantly improve its compliance sys-
dealers and agents was supplemented and tem in order to be able to respond to the chang-
a Compliance Board was introduced. The ing requirements in our global business.
dealers and agents must undergo an exten-
sive inspection and sign an agreement
amended by the new compliance regulation.
The Compliance Board holds meetings as
required and decides whether or not any
transactions can be effected with the re-
spective dealer or agent.
Poland
Aebi Schmidt Polska Sp. z o. o.
ul. Skrajna 80A
PL-25-650 Kielce
Tel +48 41 36 52 100
Fax +48 41 36 52 222
www.dmi-report.pl
Switzerland
Aebi & Co. AG Maschinenfabrik
Buchmattstrasse 56
CH-3401 Burgdorf
Tel +41 34 421 61 21
Fax +41 34 421 61 51
www.dmi-report.ch
Imprint
Publisher: Aebi Schmidt Holding AG, Zürcherstrasse 310, CH - 8500 Frauenfeld, www.aebi-schmidt.com
Consulting Sustainability Report: sustainserv GmbH, Zurich (CH) and Boston (USA)
Concept and design: Evelyn Bernhard, graphic design + communication, Zurich (CH)
Photographer of the Board Members: Jos Schmid, Zurich (CH)
Print: siggset print & media AG, Albbruck (Germany)
All rights reserved. All texts, pictures, graphic design, including arrangements thereof are subject to the laws
of copyright and other laws concerning the protection of intellectual property rights. The contents may not
be copied, distributed, altered or made available to third parties for commercial purposes. Some pages of the
Aebi Schmidt Holding AG Annual Report 2015 contain pictures which are subject to the copyright of those
people who provided them.
Status 05 / 2016
Aebi Schmidt Holding AG
Zürcherstrasse 310
CH - 8500 Frauenfeld
www.aebi-schmidt.com