Activity Report Daikin Europe N.V.
10
FISCAL YEAR ENDING 31 MARCH 2011
Financial highlights
Daikin Europe N.V. - Consolidated Financial Highlights (in millions of Euro) Net Sales
2010/2011
2009/2010
2008/2009
2007/2008 2006/2007
1.809,2*
1.614,8**
1.752,1***
1.925,4
1.525,9****
1.803,7
1.613,6
1.750,6
1.925,4
1.516,7
Operating result
179,7
161,9
170,9
192,3
172,7
Profit before tax
182,1
159,3
194,3
192,2
160,3
Net income
126,5
113,5
137,3
131,2
106,0
Total assets
1.212
1.129
1.072
1.069
820
Total equity
774
741
713
585
451
Net Sales (12 months base)
Figures are based on Belgian GAAP * McQuay Hellas S.A. & Rotex Heating Systems S.r.l. (Italy) 3 months additional sales ** Daikin Poland Sp.z. o. o. 15 months *** Daikin Sweden AB 15 months **** Daikin Airconditioning Portugal Distribuiรงao Equipamento Termico SA 15 months
Daikin Industries Limited - Financial Highlights (in billions of YEN) Net Sales
2010/2011
2009/2010
2008/2009
2007/2008 2006/2007
1.160,3
1.024,0
1.202,4
1.291,1
911,7
Operating result
75,5
44,0
61,4
128,1
80,8
Profit before tax
45,7
38,0
46,0
118,1
83,1
Net income
19,9
19,4
21,8
74,8
45,4
Total assets
1.132,5
1.140,0
1.117,4
1.210,1
1.161,4
Total equity
500,9
510,1
484,5
560,0
410,0
Exchange rate 2010 JPY = 113 EUR/JPY
Content
AC TIVIT Y REPORT DAIKIN EUROPE N.V.
10
05 > 07 > 13 > 22 > Organisation
Highlights
Management perspective
Facts & figures
Activity Report 2010 > Content >
03
Message from the President AFTER TWO YEARS OF ECONOMIC RECESSION, WE COULD SEE THE FIRST
heats up like a conventional radiator. Both introductions confirm our intention to
SIGNALS OF RECOVERY DURING 2010. WE COULD LEAVE THE CRISIS BEHIND US
strengthen our position in the heating market. In the area of new sales routes, we
AND REALISE A SUCCESSFUL SALES RESULT IN THE FOUR PRODUCT PILLARS.
have realised a promising result in emerging markets such as Russia, Turkey and
BESIDES THAT, WE ENJOYED A WARM SUMMER IN A LARGE PART OF EUROPE,
Africa.
WHICH ESPECIALLY BOOSTED THE SALES OF DIRECT EXPANSION PRODUCTS. AS A RESULT, WE ENDED AT A CONSOLIDATED TURNOVER LEVEL OF 1.809 MILLION
Regarding environmental developments, we took up a leadership role. The
EURO, WHICH IS 12% ABOVE THE LEVEL OF FINANCIAL YEAR 2009.
increasing number of environmental laws is seen as new business opportunities. An example is the new standard on Net Zero Energy Buildings. To anticipate these new
I am very proud of this double digit growth figure, as it is the result of continuous
regulations, Daikin Europe N.V. was the first to set up a simulation in an operational
efforts of our workforce and the right strategic choices in the past.
office environment, testing how Daikin technologies can contribute. This office was officially opened in December 2010 and was awarded the German ‘Kältepreis’ for
During the past years, Daikin Europe N.V. took a lot of actions to counter the
energy-efficient, future oriented air conditioning technology.
economical crisis by means of new products and new sales routes. Also during 2010, the same strategy was followed, combined with a focus on environmental
Also in 2011, we will further build on our group’s strengths and continue to work
leadership.
on our renewed long term strategic plans. Although the economic recovery is still fragile in some of our markets, I am confident that together with all stakeholders,
With respect to new products, 2010 was the year of the launch of the Daikin
we can dash forward for new growth this year.
Altherma Flex Type, an efficient air-to-water heat pump for large residential buildings. Next to that, in October 2010, Daikin Europe N.V. presented Nexura, a
Masatsugu Minaka
new air-to-air heat pump system for heating and cooling with a front panel that
President Daikin Europe N.V.
“ Together with
Masatsugu Minaka, President of Daikin Europe N.V.
04 < Organisation < Activity Report 2010
all stakeholders, we can dash forward for new growth”
Organisation
Board of Directors
situation on 1 May 2011
Assistant Directors
Front row (from left to right):
Back row (from left to right):
Peter Van Den Broecke - Director and General Manager Finance,
Martin Dieryckx - Assistant Director Environment Research Center
Accounting and General Affairs
Jan Cluyse - Assistant Director and Deputy General Manager Sales
Wim De Schacht - Vice President HRM & Corporate/Strategic Planning
Xavier Feys - Assistant Director and Managing Director Daikin A/C Germany GmbH
Frans Hoorelbeke - Chairman, Member of the Board
Geert Vos - Assistant Director and Deputy General Manager Supply Center
Masatsugu Minaka - President
Keiichi Yamazumi - Assistant Director and General Manager Information
Hiroshi Yogo - Vice President Sales and Affiliate Management
Systems and Field Quality Services
Shigeki Morita - Vice President European Manufacturing
Peter Verkempynck - Assistant Director and Managing Director Daikin A/C
Wim Vangeenberghe - Director and General Manager Sales
United Kingdom Ltd.
Jean-Pierre Beuselinck - Director and General Manager Manufacturing
Bart Teerlynck - Assistant Director and Deputy General Manager Manufacturing Filip De Graeve - Assistant Director and Deputy General Manager HRM
NOT ON THE PICTURE: Junichi Sato - Director, Katsuyuki Sawai - Director
Shinichi Nakaishi - Assistant Director and Deputy General Manager Manufacturing
On the background of this picture, origami cranes are visible (cfr. page 12).
Activity Report 2010 > Organisation >
05
Organisation DAIKIN INDUSTRIES LTD The Daikin Europe Group
Daikin Europe N.V. Ireland Office Daikin Europe N.V. Moscow Office Daikin Europe N.V. Middle East office Daikin Europe N.V. Daikin Refrigeration Office Daikin Europe N.V. Hamburg Marine Office
Daikin A/C Belgium N.V.
Daikin A/C Germany GmbH.
Daikin A/C France SAS
Daikin Europe N.V.
Daikin Industries Czech Republic sro
Daikin A/C Spain S.A.
Daikin Europe Coordination Centre N.V.
Daikin A/C Portugal Distribuiçao Equipamento Termico SA
Daikin A/C South Africa (PTY) Ltd.
Daikin A/C Central Europe HandelsgmbH.
Daikin A/C Poland Sp.z o. o.
Daikin A/C Italy SpA
Daikin A/C United Kingdom Ltd.
Daikin A/C Central Europe Slovakia Spol.s.ro
Daikin McQuay Magyarorszag Korlátolt Felelösségü Társaság Gmbh (Hungary).
Daikin A/C Central Europe Czech Republic Spol.s.ro
Daikin A/C Central Europe Romania S.R.L.
Daikin Klima Pazarlama Ltd. Sirketi (Turkey)
Daikin A/C Greece S.A.
Daikin Sweden AB
Daikin A/C Netherlands B.V.
Rotex Heating Systems GmbH
Daikin - McQuay Middle East FZE
McQuay Hellas S.A.
Situation on 31/03/2011
COMPANY PROFILE As a 100% subsidiary of the Japan-listed company Daikin Industries Ltd, Daikin Europe N.V. is the sales and manufacturing headquarter for Europe, Africa and Middle East for Daikin’s air conditioning, heatpump and refrigeration equipment. The mission of the company is to respond to the evolving requirements of its customers for residential, commercial and industrial applications. In 1972, Daikin Industries Ltd. established Daikin Europe N.V. in Ostend, Belgium in order to explore the European markets. Initially, Daikin Europe N.V. was mainly used as an assembly and distribution centre for Daikin Industries Ltd. During the past decennia, the company has substantially grown as a manufacturer, as well as a sales company. Since the start up of the factory in Ostend almost 4 decades ago, Daikin Europe N.V. turned into an advanced air conditioning, heatpump and refrigeration production facility that prides itself in being one of the most innovative players in the market. In 2004, Daikin’s production capacity further expanded with the establishment of a production plant in the Czech Republic (Daikin Industries Czech Republic sro). Later on, in 2008, the expansion continued through the acquisition of the German heating manufacturer Rotex Heating Systems GmbH. On the sales side, the company formed its first joint venture in Belgium in 1982. This was the start of an expansion process that transformed Daikin Europe N.V. over the years into a multinational group. In 1987, Daikin Airconditioning France SAS became the first affiliate and during the fol-
06 < Organisation < Activity Report 2010
lowing years, Daikin Europe N.V. acquired many of its distributors, in order to build a powerful sales network throughout the EMEA region. During 2010, the Rotex organisation was further integrated into the Daikin Europe group. In order to expand Daikin’s heating business in Italy and to limit the overlapping of sales structures, the operations of Rotex Italy were integrated into Daikin Italy. Furthermore in September 2010, Daikin Europe N.V. has acquired McQuay Hellas, previously owned by McQuay Italy. By the end of March 2011, Daikin Europe N.V. achieved a consolidated turnover of 1.809,2 million euro in more than 40 countries, with a net income of 126,5 million euro.
Highlights
Expansion of Daikin’s Product Range
10
May 2010
October 2010
Daikin Altherma for apartment buildings & collective housing
Launch of Nexura
“Efficient air-to-water heat pump technology for large residential buildings” In the first quarter of financial year 2010, Daikin Europe N.V. introduced its renowned air-to-water Daikin Altherma efficiency and comfort on a scale suitable for large (residential) buildings. The Daikin Altherma series for apartment buildings and collective housing is able to efficiently heat, cool and produce domestic hot water. The use of this system results in a 27% reduction in primary energy use, 59% less CO2 emissions and 33% less operating costs compared to an installation with individual gas boilers.
In October 2010, Daikin Europe N.V. presented ‘Nexura’, a new air-to-air heat pump system for heating and cooling. This energy efficient unit has one unique attribute: a front panel that heats up like a conventional radiator and softly releases additional warm air into the room for extra comfort. Inside, the Nexura is packed with state-of-the-art technology. As well as offering heating, cooling and air purification, it combines extreme energy efficiency, with absolute user friendliness, what improves its ecological footprint.
Activity Report 2010 > Highlights >
07
September 2010 Daikin Europe N.V. takes over McQuay Hellas On September 29th, 2010 Daikin Europe N.V. acquired McQuay Hellas, previously owned by McQuay Italy. McQuay Hellas sells McQuay branded unitary products and applied systems directly into the market. For the moment Daikin Europe N.V. will maintain two separate companies in Greece. The McQuay sales approach in the Greek market is different from the approach of Daikin Greece. Both companies will nevertheless work closely together and share the same office.
December 2010 Rotex Italy integrated into Daikin Italy In order to expand Daikinâ&#x20AC;&#x2122;s heating business in Italy and to limit the overlapping of sales structures, the operations of Rotex Italy were integrated into Daikin Italy. As a consequence, the two companies fully benefit from the well-developed back office and sales network of Daikin Italy and the unique heating skills of Rotex Italy. The integration of Rotex Italy took place during the second half of financial year 2010.
08 < Highlights < Activity Report 2010
Highlights
10 December 2010 International Sales Conference JORDAN WAS THE SETTING FOR THE INTERNATIONAL SALES CONFERENCE, WHICH WAS HELD FROM 5 TILL 8 DECEMBER 2010. Managing directors and senior managers of the Daikin sales companies and distributors were present, as well as members of the top management of Daikin Industries Ltd. - among whom CEO Mr. Inoue. The conference’s main topic was the presentation of Daikin Europe N.V.’s sales strate-
gy for the next five years, ‘Fusion 15’. An important message was the increasing importance of emerging markets to realise the growth ambitions. Hence the choice for Jordan as host country. This was also reflected in the attendance, as there were many guests from the Middle East, Africa, Russia and CIS.
Activity Report 2010> Highlights >
09
December 2010
The Office Building of the Future Daikin Europe N.V. launches international project for commercial net zero energy buildings in Germany By 2019, all new buildings in the European Union must meet the ‘zero energy’ standard. This means that these buildings will have to produce as much energy as they consume, for instance via solar panels or heat pumps. The result: net zero energy consumption and zero carbon emissions. In anticipation of this milestone, Daikin Europe N.V. and the German companies Zeller GmbH and Athoka GmbH want to know how technologies and materials work together in a commercial net zero energy building. Therefore, an international research project was launched in Herten, Germany. A newly constructed office was designed according to the ‘zero energy’ concept. This office serves as a ‘live laboratory’, where measurements are taken constantly. A number of major research institutions across Europe are involved in this research project: the French Centre Technique des Industries Aérauliques et Thermiques (CETIAT), the Fraunhofer-Institut für Bauphysik (IBP) and Fraunhofer UMSICHT (Germany), the Technische Universität of Dortmund (Germany) and The University of Manchester (UK). In addition, the German Energy Agency DENA has granted green building certification, making the project part of the EU’s Greenbuilding Programme. The results of this research project will enable Daikin Europe N.V. to make a major contribution to achieving the EU 2020 climate goals. The net-zero energy building was officially inaugurated on December 14th, 2010 in the presence of Dr Paetzel, mayor of Herten, Mr Kersten, from the Energy Agency of North Rhine-Westphalia and Mr Hoorelbeke, chairman of Daikin Europe N.V. , among others. On March 22nd, 2011 the net zero energy office building received the ’Deutsche Kältepreis’ in Berlin. This annual award for energy-efficient, future-oriented refrigeration and air conditioning technology was given by the German Ministry for the Environment.
010 < Highlights < Activity Report 2010
Highlights
10
On the picture from left to right: Mr Kersten, Energy Agency of State of Northrhine-Westfalia (NRW), Mr Achim Zeller, Zeller Group, Dr Paetzel; Mayor of City of Herten, Mr Hoorelbeke, Chairman, Member of the Board DENV; Mr Thorsten Zeller, Zeller Group, Mr Rauschen, Oeko-Zentrum NRW
Activity Report 2010> Highlights >
011
March 2011
Origami cranes for hope ON FRIDAY, MARCH 11TH 2011, THE PACIFIC COAST OF JAPAN WAS STRUCK BY A POWERFUL EARTHQUAKE. FOLLOWED BY A TSUNAMI, THE EARTHQUAKE CAUSED THOUSANDS OF VICTIMS AND EXTENSIVE STRUCTURAL DAMAGE TO BUILDINGS AND INFRASTRUCTURE.
For our operations in Japan the immediate impact of the earthquake is limited as most Daikin factories are located in Western Japan, near Osaka. Daikin set up a ‘disaster countermeasure office’, headed by CEO Mr. Inoue, to closely follow-up all information on the disaster and implement support measures for employees, families, customers and business activities. In support of those affected by the earthquake, the Daikin Group committed donating 100 million yen in monetary aid and approximately 200 million yen in material aid (heating equipment and air filters). Also Daikin Europe N.V.’s employees raised funds with the action ‘Paper cranes for hope’ for the benefit of the International Red Cross providing emergency aid in the Tohoku region. In Japan, where the crane bird symbolises hope, it is commonly said that folding 1.000 paper origami cranes makes a person’s wish come true.
12 < Highlights < Activity Report 2010
Management perspective Net Sales in Mio Euro (12 months base) 2000 1800 1600 1400 1200 1000 800 600 400 200 0
2003
2004
2005
2006
2007
2008
2009
2010
SALES RECOVERY WERE NOTICEABLE DURING FINANCIAL YEAR 2010
resulted in low sales in the Spanish residential market affecting Splits and heating sales. Finally in France, Daikin was faced with a declining heating market.
The Daikin Europe Group realised a turnover of 1.809 million euro, which represents a double digit growth of 12% compared with the previous year and is 3% higher than the sales result of 2008.
Product-wise, Daikin Europe N.V. continued its strategy of focusing on the four business pillars (direct expansion, applied systems, heating and refrigeration). All four pillars realised successful sales results during financial year 2010.
AFTER TWO YEARS OF RECESSION, THE FIRST SIGNALS OF ECONOMIC
When looking more in detail at the individual countries, there is sales growth in most countries. Especially Italy, Russia, the UK and Turkey were outstanding. The reasons for the sales increases are multiple. In Italy (+24%) and Russia (+138%), the hot summer of 2010 created opportunities for higher Split sales. In the UK (+21%), sales boosted mainly on Sky Air where high sales volumes could be realised through the corporate client route and wholesales. Also the strategic price repositioning of the VRV速 range resulted in a recovery of market share in the UK. Finally in Turkey (+59%), the macro economic conditions were favourable with high GDP growth, resulting in successful sales of numerous VRV速 projects. On the other hand, in some other countries, sales remained below expectations. In Greece, sales dropped compared with last year as a result of the economic situation. Also Spain is still suffering from unfavourable economic circumstances with high unemployment rates and low end user consumption. This, together with a VAT increase, Activity Report 2010 > Management perspective >
13
direct expansion
For direct expansion, the market conditions were gradually improving again. After several years of weak demand and low construction activity, the recovery has started in the largest part of Europe. In the residential market, we were able to realise double digit growth of 24% on Split sales. Besides better economic conditions, the hot summer effect in the European market boosted sales, especially in Italy, France, Central Europe and Russia. Moreover, the execution of successful preseasonal sales campaigns in Italy and Spain and the successful introduction of new products such as Daikin Emura enabled Daikin Europe N.V. to realise considerable sales growth. For the commercial segment, we could realise substantial growth figures on VRVÂŽ and Sky Air. Sky Air sales increased with +7% compared with last year, mainly thanks to higher sales in the UK, France and Spain. Here, Daikin Europe N.V. has anticipated to changing environmental legislations by launching as the first and until now only manufacturer a unit optimised for seasonal efficiency. The sales growth on VRVÂŽ (+15%) was mainly realised in emerging markets such as Turkey, where growth in the leisure business, increased the number of hotel projects. Also in the UK, France and Italy, Daikin Europe N.V. could further grow due to the positive economic outlooks that have increased confidence for investments in the commercial construction sector.
14 < Management perspective < Activity Report 2010
applied business
Daikin Europe N.V.â&#x20AC;&#x2122;s second pillar, applied business, enjoyed continued success. As a result of the cooperation with McQuay, Daikin Europe N.V. is able to provide a large product portfolio to the market via a strong distribution network. Next to that, the phase-out of old refrigerants offered the company opportunities for major replacement projects. Within a declining market for applied systems, Daikin Europe N.V. realised a growth of 112% and gained market share especially on mini chillers and large chillers thanks to the introduction of innovating products such as the invertor mini chiller and global air cooled chiller. Also on air handling units, Daikin Europe N.V. realised a positive result in 2010 and expects to increase market share by the introduction of an economy range.
Management perspective
heating
For heating, the third pillar, the Daikin Europe Group closed at the same sales level of 2009. The growth of the European heat pump market has slowed somewhat as the oil price has come off its peaks and government incentives for renewable energy were reduced. As a consequence, the sales of the energy-efficient Daikin Altherma heating products are not growing as quickly as expected. Also, increased competition from heat pump and traditional heating players put pressure on the sales result. However, projections show that environment-conscious solutions will increase in importance and gain market share in the years to come. Daikin will continue to develop more innovative solutions such as the ground source heat pump and the extension of solar offering, while strengthening our sales structure.
refrigeration
The fourth product pillar, refrigeration, showed a strong performance during 2010. Compared with 2009, sales more than doubled. For Daikin Europe N.V., the main refrigeration market remains in the UK and Germany. Also in the Netherlands and Belgium, the pillar gained further importance. During 2010, a special project was started in order to force a breakthrough in the German refrigeration market. The project entails nationwide recruitment and an internal reorganisation in order to assure dedicated sales and technical support to new and existing refrigeration customers of Daikin Germany. To further support the breakthrough in the German refrigeration market, an extensive marketing campaign has been started and success stories and specific case studies have been communicated to the market on regular basis. Last year, the existing refrigeration range of Conveni Pack and commercial condensing units was extended with ZEAS, a new and highly efficient refrigeration system based on Daikinâ&#x20AC;&#x2122;s VRVÂŽ technology for larger commercial refrigeration systems. Also the industrial condensing units (ICU), based on the J&E Hall single screw compressors, were added in order to complete the range also on the high capacity side. Thanks to these new developments the product range now covers capacities up to 400kW for medium temperature applications and up to 160kW for freezing applications.
Activity Report 2010 > Management perspective >
15
“Daikin Europe N.V. continues to take its pioneering concern for the environment seriously” ENVIRONMENT DURING 2010, THE ENVIRONMENT RESEARCH CENTRE (ERC) HELD THE 4TH KONWAKAI MEETING BY INVITING AGAIN A GROUP OF EXPERTS FROM UNIVERSITIES, RESEARCH CENTRES, ENERGY SUPPLIERS AND BUILDING CONSTRUCTION SPECIALISTS. DURING THIS MEETING, ENVIRONMENTAL AND LEGISLATIVE DEVELOPMENTS ARE DISCUSSED AS WELL AS POSSIBLE LOW ENERGY SOLUTIONS. THIS YEAR, THE MAIN EMPHASIS WAS ON THE FURTHER IMPROVEMENT OF NET ZERO ENERGY BUILDINGS.
Konwakai Nürnberg
16 < Management perspective < Activity Report 2010
To enhance the environmental awareness in the sales companies, Daikin Europe N.V. organised the 7th annual environmental conference. This year, the conference was mainly focused on the Member States implementation of different environmental and energy legislations. During the Chillventa trade fair in Nürnberg, Germany, the Daikin’s ERC presented the “Road to next Generation Refrigerants”. As a responsible stakeholder in the air conditioning and heat pump sector, Daikin Europe N.V. continues to take its pioneering concern for the environment seriously. In the production of its units, Daikin Europe N.V. currently uses mainly HFC refrigerants R-410A/R-134a. Although these will remain good choices in the future, Daikin Europe N.V. intends to add more options to this list, for which research is on going. For direct expansion systems in particular, R-32 for example has some assets such as a lower global warming potential, increased energy efficiency and reduced refrigerant charge. Daikin is committed to providing the markets with as much information as possible on the new developments so that the best decisions can be made in function of the specific application.
Management perspective Days of stock = (stock / [operating charges- movements on stock])* 365 100 80 60 40 20 0 2006
2007
2008
2009
2010
10
SUPPLY CHAIN MANAGEMENT DURING 2010, THE CONSOLIDATED INVENTORY LEVEL INCREASED WITH 5,9 MIO EURO TO A LEVEL OF 291,8 MIL-
The stock value could be kept under control thanks to the further improvement of sales forecasting and the continuation of the European stock integration project â&#x20AC;&#x153;Velvetâ&#x20AC;?.
LION EURO. THE NUMBER OF STOCK DAYS FELL FROM 71 IN MARCH 2010 TO 65 DAYS IN THE SAME MONTH IN 2011.
During the past years, this project was started to redesign the distribution network and reduce the number of warehouses in Europe. Instead of having country-specific warehouses, product deliveries are done from a limited number of international warehouses. Step by step, this new approach is being rolled out all over Europe. During 2008 and 2009, warehouses in the United Kingdom, Germany, Poland and Central Europe were integrated. During 2010, Velvet was further rolled out in France. Thanks to this, Daikin Europe N.V. was able to limit the total inventory in Europe and increase the service to our customers. Next to that, the logistical cost ratio could be kept at an acceptable level. Even with an increase of ocean freight and fuel costs, logistic costs as percentage of turnover decreased 3% compared to last year. The supply cost per volume unit is now 18% lower than five years ago. The reductions are mainly thanks to improved tendering and contract discussions, improved efficiency in the supply chain and stock control. Activity Report 2010 > Management perspective >
17
PRODUCTION DURING FINANCIAL YEAR 2010, THE PRODUCTION PLANT IN OSTEND EXPERIENCED A FIRST RECOVERY IN PRODUCTION VOLUMES AFTER TWO YEARS OF DECLINE. ALTHOUGH THE PRODUCTION VOLUMES ARE NOT AT A PRE-CRISIS LEVEL, THE OSTEND FACTORY WAS ABLE TO RESPOND IN A FLEXIBLE WAY TO THE MARKET DEMAND IN COMBINATION WITH NORMAL INVENTORY LEVELS. IN ADDITION, THE PLANT COULD FOCUS AGAIN ON CONTINUOUS IMPROVEMENT OF PROCESSES, OPERATIONS AND PRODUCT LINE-UP.
The Ostend Manufacturing division has been further expanding the product line-up, especially in the heating range. As such, the Daikin Altherma LT compact, an integrated low temperature heating solution, has been successfully launched during the past year. Similarly, in July 2010, Daikin Europe N.V. introduced the new Daikin Altherma Flex Type, a VRV® based air-to-water high temperature heating application for apartments and commercial buildings. Furthermore, development teams have created new convector indoor models for Daikin Altherma applications and a domestic hot water heat pump, supplying sanitary hot water. In view of the VRV® development, attention was paid to solutions for commercial and public buildings. In this respect, VRV®’s are now connectable with Daikin Altherma products, efficiently supplying sanitary hot water and under floor heating.
18 < Management perspective < Activity Report 2010
DENV
Also in the Manufacturing Division in the Czech Republic (DICz), the year was marked by a strong increase in production volumes. Besides the quantitative growth, also the DICz product portfolio was extended. In April 2010, the Czech plant started with the production of Slim Duct models for commercial applications. A new assembly line for these models was constructed. In the ROTEX factory, the production volume increased during financial year 2010, meeting the growing demand in its main markets, being Germany and Italy. Investments were made to enhance the efficiency in logistic operations and to increase the production capacity and install automated quality control for the underfloor piping line. Financial Year 2010 also marked the launch of the compact HeatPumpSolarUnit, which combines
Management perspective
10
DICZ
ROTEX
ROTEX know-how of the domestic hot water tank with the heatpump technology in the Daikin Group.
quences of the earthquake and tsunami which took place in Japan on March 11th, 2011.
In all factories, production cost proved to be very challenging in financial year 2010. Especially during the second half of the year, steep increases in raw material prices were noted. Price levels of steel, copper, plastics, refrigerants and electronic components have significantly increased, putting strong pressure on the product cost level. Fortunately, cost benefits from process improvements and overhead Âefficiency gains were able to partially compensate these price increases in raw material.
Next to the enormous human suffering caused by this catastrophe, also infrastructural damage disrupted the supply organisation of Japan to a certain extent. This caused concerns regarding the supply of specific components for Daikinâ&#x20AC;&#x2122;s European factories. However, thanks to the prompt reaction and creativity of Daikinâ&#x20AC;&#x2122;s suppliers and own personnel, the company has been able to overcome these issues and secure the availability of the products to the market as much as possible.
At the end of financial year 2010, Daikin was confronted with the conseActivity Report 2010 > Management perspective >
19
HR & ORGANISATION DURING THE PAST FINANCIAL YEAR, A NUMBER OF STRATEGIC RECRUITMENTS WERE DONE FOR THE HEAD OFFICE AND SALES COMPANIES. TO ATTRACT EXPERIENCED PROFILES WITH THE RIGHT COMPETENCES, THE COMPANY FURTHER DEVELOPED ITS EMPLOYER BRANDING AND LABOUR MARKET COMMUNICATION IN LINE WITH THE COMPANY CULTURE AND CORPORATE IDENTITY. THE TOTAL MANPOWER OF THE DAIKIN EUROPE GROUP AMOUNTED TO 3.662 IN 2010, UP FROM APPROXIMATELY 3.500 IN 2009.
For factory workers, the company focuses on a flexible alignment of the production capacity and manpower planning with the changing sales demand. As sales gradually recovered during the past financial year, also the production capacity was again slowly built-up with interim and temporary personnel. At Daikin Europe N.V. we believe that the development of our employees is key for the further development and growth of our organisation. Therefore, our international training centre, the Daikin Europe Academy, continuously evolves in line with the strategic direction of our company. To optimally support the business, the academy organises training courses for employees as well as distributors from the entire Daikin Europe Group.
20 < Management perspective < Activity Report 2010
During the past year a new online training tool was launched, to organise interactive, international training courses in a cost-efficient way. In a first stage, a number of ‘webinars’ were successfully set-up for the Daikin service engineers. In line with Daikin’s Kaizen-spirit of continuous improvement, for the second time a personnel perception survey was held in the European headquarters. Based on the output of this survey, actions are taken both on department and company level to further improve as employer and optimally support the development and professional well-being of the employees.
Management perspective
10
Activity Report 2010 > Management perspective >
21
CONSOLIDATED INCOME STATEMENT
year ended March 31, 2011 Figures are based on Belgian GAAP
in thousands Euro
I. OPERATING INCOME
2010/2011
2009/2010
1.819.415
100,6 %
1.551.061
96,1 %
1.809.203
100,0 %
1.614.842
100.0 %
B. Movement stock of finished goods and work in process
-7.697
-0,4 %
-72.368
-4,5 %
C. Other operating income
17.909
1,0 %
8.587
0,5 %
-1.639.729
-90,6%
-1.389.069
-86,0 %
-1.008.694
-55,8 %
-778.699
-48,2 %
B. Services and other goods
-374.428
-20,7%
-369.494
-22,9 %
C. Remunerations, social security and pensions
-218.522
-12,1 %
-214.271
-13,3 %
-38.085
-2,1 %
-26.605
-1,6 %
179.686
9,9 %
161.992
10,0%
2.210
0,1%
-4.693
-0,3 %
181.896
10,1 %
157.299
9,7 %
290
0,0 %
2.062
0,1 %
182.186
10,1 %
159.361
9,9 %
-2.080
-0,1 %
-2.971
-0,2 %
-53.584
-3,0%
-42.854
-2,7 %
126.522
7,0 %
113.536
7,0 %
A. Turnover
II. OPERATING CHARGES A. Raw materials, consumables and goods for resale
D. Others
III. OPERATING PROFIT/LOSS Financial result
VI. PROFIT/LOSS ON ORDINARY ACTIVITIES Extraordinary result
IX. PROFIT/LOSS BEFORE TAXATION X. Transfer from/to deferred taxes XI. Income taxes
PROFIT
22 < Facts & figures < Activity Report 2010
Facts & figures
COMMENTS ON THE INCOME STATEMENT The Consolidated Turnover for financial year 2010 amounts to 1.809 million euro, compared to 1.614,8 million euro in the previous financial year. This growth of 12,0% is achieved by a sales increase in emerging markets like Russia, Turkey, North-Africa and improved sales of affiliates such as Italy, the UK and Germany. The Operating Charges increase with 18,0% from 1.389 million euro to 1.640 million euro. Expressed as percentage of turnover, operating charges have increased 4,6% compared to last year. With respect to raw materials, consumables and goods for resale, the increase can mainly be attributed to lower sales to high margin countries and the strengthening of the Japanese Yen. In addition, raw material prices have substantially increased, despite the various efforts of the factory cost down teams. Finally, also the severe competition put pressure on sales prices especially in countries hit most by the economic
crisis. Services and Other Goods slightly increase with 4,9 million euro compared to last year. However, as a percentage of turnover, these expenses result 2,2% lower than last year thanks to profound cost monitoring. Labour costs amount to 218,5 million euro in 2010, which is an increase of 2%. This evolution can mainly be attributed to new recruitment and natural labour cost increases. After 2 years of consecutive profit decline, in 2010, the Operational Profit increases from 162,0 million euro to 179,7 million euro (+ 10,9%). After taken into account the Financial and Extraordinary Result and the Taxes, the Net Result for financial year 2010 increases from 113,5 million euro to 126,5 million euro. This positive evolution can mainly be attributed to the sales increase that was achieved during the past financial year.
Activity Report 2010 > Facts & figures >
23
COMMENTS ON THE BALANCE SHEET Fixed Assets (after depreciations) decrease from 185,9 million euro to 169,3 million euro mainly because of depreciations on goodwill of historical acquisitions. In 2010, new investments were done for approximately 19,9 million euro, mainly in the production plants of Ostend, Plzen and G端glingen. Current Assets increase to a level of 1.043 million euro mainly driven by changes in amounts receivable within one year, investments and cash. The amounts receivable within one year increase in line with the higher
turnover in the last quarter of financial year 2010. Investment and Cash increase with 69,7 million euro thanks to a positive and increased free cashflow. Compared with last year, the stock amount slightly increase with 2,1% to an amount of 291,9 million euro. During the past year stock has been kept under control by accurate sales forecasting and centralisation of the inventory.
CONSOLIDATED BALANCE SHEET
year ended March 31, 2011 Figures are based on Belgian GAAP
ASSETS (in thousands Euro)
2010/2011
2009/2010
169.311
185.934
II. Intangible assets
24.898
28.710
III. Consolidation differences
38.170
46.527
IV. Tangible assets
102.560
108.096
V. Financial assets
3.683
2.601
1.043.395
942.748
3.177
3.514
VII. Stock
291.875
285.916
VIII. Amounts receivable within one year
462.971
437.875
IX. Investments
189.562
142.756
90.852
67.924
4.958
4.763
1.212.706
1.128.682
FIXED ASSETS
CURRENT ASSETS VI. Amounts receivable after one year
X. Cash XI. Deferred charges and accrued income TOTAL
24 < Facts & figures < Activity Report 2010
Facts & figures At liability side, there is an increase of the Net Equity with 33,0 million euro. This mainly reflects the yearly profit allocation of 126 million euro and the dividend payment to Daikin Industries Ltd. of -95,5 million euro. Creditors increase with 50,7 million euro to a level of 393,0 million euro, mainly on amounts payable within one year increased. This increase was mainly driven by higher trade debt as a result of increased production quantities.
LIABILITIES (in thousands Euro) CAPITAL AND RESERVES I. Capital IV. Consolidated reserve V. Consolidation differences VI. Translation differences VII. Investments grants MINORITY INTERESTS PROVISIONS IX.A. Provisions for liabilities and charges IX.B. Deferred tax and latent taxation liabilities CREDITORS X. Amounts payable after one year XI. Amounts payable within one year XII. Accrued charges and deferred income TOTAL
2010/2011
2009/2010
774.145
741.104
57.500
57.500
709.577
679.080
0
0
7.058
4.514
10
10
1.575
1.092
43.962
44.214
36.654
34.935
7.308
9.279
393.024
342.272
1.129
5.960
341.830
284.149
50.065
52.163
1.212.706
1.128.682
Activity Report 2010 > Facts & figures >
25
Country
Company
Address
Phone
Fax
Website
Belgium
Daikin Europe N.V.
Zandvoordestraat 300, 8400 Oostende
32 59558111
32 59558899
www.daikin.eu
Belgium
Daikin Europe N.V. Brussels office
‘The Bridge’ – Coca Cola Building Steenweg op Bergen 1424 – Chaussée de Mons - 1070 Brussel
32 25296111
32 25296166
www.daikin.eu
DAIKIN EUROPE FACTORIES Country
Company
Address
Phone
Fax
Belgium
Daikin Europe N.V.
Zandvoordestraat 300 8400 Oostende
32 59558111
32 59558899
info@daikineurope.com
Czech Republic
Daikin Industries Czech Republic s.r.o.
U Nové Hospody 1 301 00 Plzeň
420 378 773 112
420 378 773 198-199
office@daikinczech.cz
Daikin Device Czech Republic s.r.o. (part of DENV as from 01/04/11)
Švédské valy 2
420 517 547 310
420 517 547 340
prace@daikinbrno.cz
Rotex Heating Systems GmbH
Langwiessenstrasse 10 74363 Güglingen
49 71351030
49 7135103200
info@rotex.de
Germany
REPRESENTATIVE OFFICES Country
Company
Address
Phone
Fax
Germany
Daikin Europe N.V. Hamburg Marine Office
Stresemannstrasse 342 22 761 Hamburg
49 40 890 609-0
49 40 890 60910
infomarine@daikineurope.com
Ireland
Daikin Europe N.V. Ireland Office
Unit 1, Orchard Business Centre Orchard Avenue City West, Dublin 24, Ireland
353 16 42 34 30
353 16 42 34 31
info@daikin.ie
Netherlands
Daikin Europe N.V. Daikin Refrigeration Office
Fascinatio Boulevard 562 2909 VA Capelle aan den Ijssel
31 102862090
31 102862099
Arjan.Bezemer@daikinreefer.com
Russia
Daikin Europe N.V. Moscow Office
Alekseevskaya Tower 16 Raketny bld - 129164 Moscow
7 4957872782
7 4957872762
info@daikin.ru
UAE
Daikin Europe N.V. Middle East Office
P.O. Box 18674 Jebel Ali Free Zone Dubai
971 4 8110300
971 4 8110311
info@daikinme.com
AFFILIATED DISTRIBUTORS Country
Company
Address
Phone
Fax
Austria
Daikin Airconditioning Central Europe HandelsgmbH
Campus 21 – Business Park Wien Süd Europaring F12/402 2345 Brunn am Gebirge
43 223632557
43 223632557-900
office@daikin.at
Bulgaria
Daikin Airconditioning Central Europe HandelsgmbH
Campus 21 – Business Park Wien Süd Europaring F12/402 2345 Brunn am Gebirge
43 223632557
43 223632557-900
office@daikin.at
Belgium
Daikin Airconditioning Belgium N.V.
Avenue Franklin 1 B 1300 Waver
32 10 237223
32 10 244910
info@daikin.be
Czech Republic
Daikin Airconditioning Central Europe Czech Republic Spol. s.r.o.
Budova IBC – Pobrežní 3, 186 00 Praha 8
420 221715700
420 221715701
office@daikin.cz
Croatia
Daikin Airconditioning Central Europe Predstavništvo u Republici Hrvatskoj
Budmanijeva 5 – HR 10000 Zagreb
385 16065850
385 16065870
office@daikin.hr
France
Daikin Airconditioning France SAS
ZA du Petit Nanterre 31, rue des Hautes Pâtures Le narval – Bâtiment B 92737 Nanterre – Cedex
33 146699569
33 147214160
contact@daikin.fr
26 < Facts & figures < Activity Report 2010
Contact list AFFILIATED DISTRIBUTORS Country
Company
Address
Phone
Fax
France
ROTEX Heating Systems SARL
1, rue des Artisans 68280 Sundhoffen
33 3 89 21 74 70
33 3 89 21 74 74
info@rotex.fr
Centre Regional Termic SAS
ZA des Bertins 49125 Tiercé
33 2 41 31 16 40
33 2 41 31 16 41
info@crt-rotex.fr
Daikin Airconditioning Germany GmbH
Inselkammerstrasse 2 82008 Unterhaching (München)
49 89744270
49 8974427299
info@daikin.de
Rotex Heating Systems GmbH
Langwiessenstrasse 10, 74363 Güglingen
49 71351030
49 7135103200
info@rotex.de
Daikin Airconditioning Greece S.A.
50 Ag. Konstantinou street 151 24 Maroussi - Athens
30 2108761300
30 2108761400
info@daikin.gr
McQuay Hellas S.A.
50, Ag.Konstantinou St. 15124 Maroussi Athens
30 210 9311440
30 210 9311441
mcquayhellas@mcquay.gr
Hungary
Daikin McQuay Magyarország Kft.
Fehérvári u. 84/a HU-1117 Budapest gyarország
36 14644500
36 14644501
office@daikin-mcquay.hu
Italy
Daikin Air Conditioning Italy S.p.A.
Via Milano, 6 20097 San Donato, Milanese
39 02516191
39 0251619222
info@daikin.it
Moldova
Daikin Airconditioning Central Europe Romania SPRL
Calea FLoreasca 169A, Corp B, etaj 8 RO-014459 Bucuresti
40 213079700
40 213079729
office@daikin.ro
Netherlands
Daikin Airconditioning Netherlands B.V.
Fascinatio Boulevard 562 2909 VA Capelle aan den IJssel PO 8585, 3009 AN Rotterdam
31 883245460
31 883245469
info@daikin.nl
Poland
Daikin Airconditioning Poland Sp.z.o.o.
Ul. Tasmowa 7 02-677 Warszawa
48 223199000
48 224335198
office@daikin.pl
Portugal
Daikin Airconditioning Portugal Distribuiçao Equipamento Termico S.A.
Edifício D. Maria I Piso 0 ala A/B Quinta da Fonte 2770-229 Paço de Arços
351 214268700
351 214262294
info@daikin.pt
Romania
Daikin Airconditioning Central Europe Romania S.R.L.
Calea FLoreasca 169A, Corp B, etaj 8 RO-014459 Bucuresti
40 213079700
40 213079729
office@daikin.ro
Slovakia
Daikin Airconditioning Central Europe Slovakia Spol.s.ro
Galvaniho 15/C 821 04 Bratislava
421 2571032
421 257103299
office@daikin.sk
South Africa
Daikin Air Conditioning South Africa (PTY) Ltd.
Unit 1 & 2, Edison Way Century Gate Business Park Montague Gardens 7441 Cape Town
27 215283500
27 215526844
headoffice@daikin.co.za
Spain
Daikin Airconditioning Spain S.A.
Calle Labastida 2 28034 Madrid
34 913345600
34 913345630
marketing@daikin.es
ROTEX Heating Systems S.L.U.
Mitger, Nau 2 P.I. La Masia 08798 Sant Cugat Sesgarrigues (Barcelona)
34 93 8 99 20 61
34 93 8 99 20 63
info@rotex-heating.com
Sweden
Daikin Sweden AB
Björnstigen 87 169 03 Solna
46 856485540
46 856485550
info@daikin.se
Turkey
Daikin Klima Pazarlama Limited Sirketi
Maslak Mah. Meydan Sok. Beybi Giz Plaza Kat:8 34396 Maslak Istanbul
90 212 2903030
90 212 2903031
info@daikin.com.tr
UAE
Daikin - McQuay Middle East FZE
P.O. Box 18674 Jebel Ali Free Zone Dubai
971 4 8110300
971 4 8110311
info@daikinme.com
UK
Daikin Airconditioning UK Limited
The Heights, Brooklands KT13 0NY Weybridge, Surrey
44 8456419300
44 8456419319
sales@daikin.co.uk
Germany
Greece
Activity Report 2010 > Facts & figures >
27
DISTRIBUTORS Country
Company
Address
Phone
Fax
Cyprus
Phanos N. Epiphaniou Public Ltd.
Marcou Drakou 21 Pallouriotissa 1621 Nicosia
357 22793333
357 22431534
daikin@epiphaniou.com
Denmark
BKF-Fklima A/S
Tempovey 18-22 2750 Ballerup
45 70265666
45 70260223
daikin@bkf-klima.dk
Finland
Recair Oy
Mukulakuja 3 04300 Tuusula
358 29006120
358 290065800
info@recair.fi
Ghana
Packplus Int. Ltd.
Focus House 4 Second Crescent Asylum Down, Accra
233 21232443
223 21227368
packplus@4u.com.gh
Jordan
Arab Technical Group
P.O. Box 830450 11183 Amman
962 65517711
962 65541798
info@atgco.com
Kenya
Coolxtreme Ltd.
Eden Square PO Box 10731 00100 Nairobi
254 203750420
254 203750625
info@coolxtreme.com
Lebanon
Refredgeration & Conditioning Company
Clemenceau - Minkara Building -5th floor 961 Beirut
961 1367138
961 1378862
info@rccdaikin.com
Malta
M.A.&A Service Ltd.
C/O 55, Racecourse Street Marsa MRS 2919
356 21220715
356 21221351
marc@maandaservltd.com
Norway
Friganor A/S
Grenseveien 65 0663 Oslo
47 23245950
47 23245951
post@friganor.no
Russia
Thermotrade
100 str. 2 Dmitrovskoe shosse 127247, Moscow
7 4956385388
7 4956461426
info@thermotrade.ru
DAC
212, Moskovsky prospect 196066 Saint-Petersburg
7 812 327 9323
7 812 327 9323
info@dacnw.ru
Daichi
Zvenigorodskoe Shosse 9 123022 Moscow
7 495 737 3733
7 495 737 3732
info@daichi.ru
Switzerland
TCA Thermoclima AG
Piccardstrasse 13 9015 St. Gallen
41 713139922
41 713139929
info@tca.ch
Syria
Air Space Tech
Abo Remaneh-Misaloun Street Building 15 ground floor, Damascus
963 11 333 6884
963 113327566
Mh1@svdam.com
Togo
ADTF Sarl
128 Blvd jean Paul 2 BP 30720 Lomé Togo
228 2611197
228 2611197
d_adtf@yahoo.fr
UK
Space A/C PLc
Willway Court 1 Opus Park, Moorfield Road GU1 1SZ Guildford
44 1483504883
44 1483574835
info@spaceair.co.uk
Ukraine
Leacond
10-A, Yakira Str. 04119 Kiev
380 442386121
380442386120
office_daikin@leacond.com.ua
28 < Facts & figures < Activity Report 2010
Contact list OTHERS Country
Company
Address
Phone
Fax
Algeria
Gaco S.A.R.L
28, rue Bencharif Madani Bellevue 25016 Constantine
213 31667676
213 31667517
Gaco_gaco@hotmail.com
Armenia
Technoterm LLC
Ayasi Street 16, 0082 Yerevan
37 410 589295
37 410 589295
info@technotherm.am
Azerbaijan
Bakond
18a Academician A. Radjabli str. AZ1052 Baku
994 12 4656394
994 12 4656397
rustamh@bakond.com
Eurodecor
Babek Avenue 28 E AZ1142 Baku
994 124906545
994 124906545
eurodecor@eurodecor.az
Belarus
iCond Ltd.
Melezhastreet, 5/2, Office 803 220113 Minsk
375 17 2876510
375 17 2876510
office@icond.by
Benin
SEIB SA
Rue du Gouverneur William PONTY (Lieu dit de GANHI) 01 BP472 Cotonou BENIN
+229 21 31 33 04
+229 21 31 35 93
ggnacadja@seib-sa.com
Burkina Faso
S.E.E.E Burkina Faso
Bureaux Avenue Zoalga, Coté Sud de la gare Sogebaf 01 BP 461 Ouagadougou 01
226 50344020
226 50344021
info@daikinafrica.com
EZOF
11 BP 1674 CMS Ouaga 11 Burkina Faso
226 70203657
226 50330194
info@daikinafrica.com
AREC
01 BP 6069 Ouagadougou 01, Burkina Faso
226 50372198
226 50372015
babacarsy.sarec@fasonet.bf
2@K
Rue Bebey Eyidi Douala BP 12719 Douala
237 33436881
237 33436882
2aak@wanadoo.fr
Omnium Service
15474 Douala
237 33377482
237 33377483
Africacool sprl
228 Av. Colonel Mondjiba, Kinshasa/ Ngaliema
243 817560674
243 898247899
Electro cool
53 Avenue de la Justice, Kinshasa
32 475 705 969
DRC
Codisco Distribution
BP 459 Pointe Noire
242 066509261
242 222940780
info@daikinafrica.com
Egypt
EGICAT
19 Amer Straat St. Messha Offie Messaha Square, Dokki, Cairo
202 33367124
202 7608795
info@egicat.com
Estonia
DAC oü
Filmi 6, 101 52 Tallinn
372 7769000
372 7769002
info@dac.ee
Finland
Warla Trade Oy
Petikontie 20, 1720 Vantaa
358 29006180
358 290061180
warla.vantaa@warlatrade.fi
Onninen Oy
Mittalinja 1 1260 Vantaa
358 204855111
358 204855000
Gabon
ETDE Gabon
BP 305, Libreville
241 76 20 80
241 76 20 98
jc.truilhe@sogec.etde.fr
Gambia
Multitrade
19, kairaba Avenue, KMC, Banjul P.O. Box 2633 S/K
220 4395242
220 4374694
info@multitrade.gm
Georgia
Georgian Climat Service Ltd.
12 Vazisubani Street 0160 Tbilisi
995 32911478
995 32911478
Climat.post@gmail.com
Ivory Coast
Aftec
Boulevard de Gabon, Lot 35 Marcory Abidjan
225 21268313
225 21268313
info@daikinafrica.com
S.E.E.E Côte D’Ivoire
Zone industrielle de Vridi, 15, Rue de la Métallurgie Z.I.BP 342 Abidjan 04, II Plateaux vallon, residence cite de la paix, villa 21
225 21275157
225 21272265
info@daikinafrica.com
RICA Services
15, rue des Brasseurs, Zone 307BP 43 Abidjan 07
225 212 58526
225 212 56991
info@daikinafrica.com
Groupe X-sens Envergure
Il plateaux vallon, Résidence cité de la paix Villa 21
225 07265071
225 22418398
La Zeste Dynamique
bd de Gabon. Marcory, 17 bp 59 Abidjan 17
225 20311440
Cameroun
Congo
info@daikinafroca.com pierre.dumont@vodanet.cd
Activity Report 2010 > Facts & figures >
29
Contact list OTHERS Country
Company
Address
Phone
Fax
Kazakhstan
Robert Bosch TOO
Sejfullina Str. 51 office 10 050037 Alma-Ata
7 727 2323707
7 727 2511336
info@bbt.kz
Geliocity-Astana
117 Prospect Abaya 010000 Astana
3172 214555
3172 214555
info@heliocity.kz
Kyrgystan
ATC LLC
Gorkogo 1a, 722001 Bishkek
996 312531294
Latvia
Indutek LV
Granita str. 26 Riga, LV-1057
371 7804949
371 67804948
Lebanon
22 Degrees S.A.L.
Antonios el-Khazen Bldg, el- Midan St. Dekwahneh, Achrafieh
961 1498422
961 1498022
Libya
Etrac
22 Bis, Rue 8609 - Z.I. La Charguia I-2035 - Tunis- Carthage
+216 71 800 766
+216 71 801 522
nebil.braham@etrac.com.tn
Aircan
15 – Afghani Street off first September StPOB 14 85 TRIPOLI
218 91 378 41 34
218 021 4441803
a.alaswad@aircan.com.ly
Nesma for Importing Heating & Air
Abu Hareeda, Tripoli
218 213341863
218213371386
brian.ibr@nesna.com.ly
Lithuania
UAB Industek
Dariaus ir Girenostr. 107 2189 Vilnius
3705 2700225
3705 2700227
info@industek.lt
Mali
RICA Mali
Rue Nelson Mandela 03 B.P. 54 Bamako
223 2212235
223 2214553
rica.mali@afribonemali.net
EFICA
BPE 184, Bamako
223 20226129
223 20228196
Morocco
Berdic SARL
Avenue Mohammed VI imm. Borj Khalij 9000 Tanger
212 39940850
212 39941530
berdic@menara.ma
Senegal
Le Froid Sarl
MD – Km 4, BD du Centenaire de la Commune BP 6734 Dakar Etoile
221 33 8321765
221 338321773
info@daikinafrica.com
SEEE Senegal
Lot N°64 Route du front de Terre BP 75570, Dakar Medina
221 33 8276529
221 338276528
info@daikinafrica.com
SGE equip
Sicap amitié 3 n° 4373 BP 3110, Dakar
221 8240788
221 338240786
info@daikinafrica.com
Sherdin Engineering
P.O. Box 1978, PLOT NO 24 Nypere road, Dar Es Salaam
255 222863731
255222863212
info@sherdin.com
Clim Confort Service
22 Bis, rue d’Energie Atomque Z.I. Chargua 1 2035, Tunis- Charthage
216 71800766
216 71801522
CCS@CSS.com.tn
Export and Trade Company
22 Bis, rue 8609, Z.I. La Charguia I, 2035 Tunis Charthage
216 71800766
21671801522
nebil.braham@etrac.com.tn
Turkmenistan
Ussat Engineering
Parahat 4/2 Builing 43, block 6 744017 Ashgabat
993 12 28 12 00
993 12 28 12 02
info@ussat.tm
Uganda
Thermocool
Plot 15/17 Industrial area 2nd Street P.O. Box 31542 Kampala
256 414255915
256 414254510
info@thermocool.co.ug
Ukraine
DAICHI-Ukraine
1, Narodnogo Opolcheniya Str. 03151 Kiev
380 444902000
380 44952878
info@daichi.ua
Aircond
Prosp. Otradniy 95 k, 03061 Kiev
380 444943920
380 444902252
info@air-cond.com.ua
Ventr. OOO
Durmon Str.29 Institute of Mathematics 100125 Tashkent
998712629261
99872629261
ventr@tps.uz
Tanzania
Uzbekistan
30 < Facts & figures < Activity Report 2010
valeriy_lee@artika.kg office@industek.lt
Daikin Europe N.V. Daikin Europe Coordination Center
Daikin Airconditioning Netherlands B.V. Daikin Europe N.V. Daikin Refrigeration Office Daikin Sweden AB Daikin Europe N.V. Moscow Office
Daikin Airconditioning UK Limited
Daikin Airconditioning Poland Sp.z o.o.
Daikin Europe N.V. Ireland Office
Daikin Airconditioning Central Europe Slovakia spol. s r.o. Daikin Airconditioning Belgium N.V. Daikin Europe N.V. Brussels Office
Daikin McQuay Magyarorszag Korlátolt Felelösségü Társaság GmbH
Daikin Airconditioning France SAS
Daikin Airconditioning Central Europe Romania S.R.L.
Daikin A C Spain S.A.
Daikin Klima Pazarlama Limited Sirketi
Daikin Airconditioning Portugal
Daikin Airconditioning Greece S.A.
Distribuiçao Equipamento Termico S.A. McQuay Hellas S.A. Daikin Air Conditioning Italy S.p.A.
Daikin Industries Czech Republic s r.o. Rotex Heating Systems GmbH Daikin Europe Hamburg Marine Office Daikin Airconditioning Germany GmbH Daikin Airconditioning Central Europe HandelsgmbH. Daikin Airconditioning Central Europe Czech Republic Spol s.r.o.
The Daikin Europe Group is a part of Daikin Industries Ltd. Umeda Center Bldg. 4-12, 2-chrome Nakazaki-Nishi Kita-ku, Osaka 530-8323, Japan Daikin Air Conditioning South Africa (PTY) Ltd.
Daikin Europe N.V. Middle East Office Daikin McQuay Middle East FZE
<
The present leaflet is drawn up by way of information only and does not constitute an offer binding upon Daikin Europe N.V.. Daikin Europe N.V. has compiled the content of this leaflet to the best of its knowledge. No express or implied warranty is given for the completeness, accuracy, reliability or fitness for particular purpose of its content and the products and services presented therein. Specifications are subject to change without prior notice. Daikin Europe N.V. explicitly rejects any liability for any direct or indirect damage, in the broadest sense, arising from or related to the use and/or interpretation of this leaflet. All content is copyrighted by Daikin Europe N.V.
new code? ECPEN10-601
Daikin Europe N.V. participates in the Eurovent Certification Programme for Air Conditioners (AC), Liquid Chilling Packages (LCP) and Fan Coil Units (FC); the certified data of certified models are listed in the Eurovent Directory. Multi units are Eurovent certified for combinations up to 2 indoor units.
ECPEN11-601 Naamloze Vennootschap - Zandvoordestraat 300, B-8400 Oostende - Belgium - www.daikin.eu - BE 0412 120 336 - RPR Oostende
ECPEN11-601 • 1500 • 09 /10 • Copyright Daikin The present publication supersedes ECPEN10-601 Printed on non-chlorinated paper. Prepared by Apunta, Belgium Resp. Ed.: Daikin Europe N.V., Zandvoordestraat 300, B-8400 Oostende
Daikin’s unique position as a manufacturer of air conditioning equipment, compressors and refrigerants has led to its close involvement in environmental issues. For several years Daikin has had the intention to become a leader in the provision of products that have limited impact on the environment. This challenge demands the eco design and development of a wide range of products and an energy management system, resulting in energy conservation and a reduction of waste.