Quarter 1 / 2 2009

Quarter 3 / 4 2009

Germany (D)– Luxemburg (L) – France (F) – Swiss (CH) – Austria (A) – Czech Republic (CZ) – Hungary (H)-Denmark (DK)

Branch-Conjuncture

Michael Husfeldt

CZ-DK

L-D

A -F

DK

F-D-DK

A-CZ

Quarter l/ll 2009

Quarter lll/llll 2009

<30%

>5%

>1%

0%

<10%

-<20%

>10%

<30%

<20%

-<10%

0%

>1%

>5%

>10%

Branch-Conjuncture

New machinery

CH-CZ

A-L-D

F

DK

CH-D

L-DK

A-F-CZ-H

Quarter l/ll 2009

Quarter lll/llll 2009

<30%

>5%

>1%

0%

<10%

<20%

>10%

<30%

<20%

<10%

0%

>1%

>5%

>10%

Branch-Conjuncture

New tractors

CH-CZ

L-D

F

A-H

DK

A-CH-D

L

F-CZ-DK

Quarter l/ll 2009

Quarter lll/llll 2009

<30%

>5%

>1%

0%

<10%

<20%

>10%

<30%

<20%

-<10%

0%

>1%

>5%

>10%

Branch-Conjuncture

New landmachinery

CZ

DK

F-L-D

A – CH-H

D

A-CH

L

F-CZ-DK

Quarter l/ll 2009

Quarter lll/llll 2009

<30%

>5%

>1%

0%

<10%

<20%

>10%

<30%

<20%

-<10%

0%

>1%

>5%

>10%

Branch-Conjuncture

New gardenmachinery

D

A-CZ-DK

F

CH

CH

DK

A-CZ-D

F-L

Quarter l/ll 2009

Quarter lll/llll 2009

<30%

>5%

>1%

0%

<10%

<20%

>10%

<30%

<20%

-<10%

0%

>1%

>5%

>10%

Branch-Conjuncture

Second hand machinery

D

L-CZ-DK

F

CH

CH

A-CZ-D-DK

F-L

Quarter l/ll 2009

Quarter lll/llll 2009

<30%

>5%

>1%

0%

<10%

<20%

>10%

<30%

<20%

-<10%

0%

>1%

>5%

>10%

Branch-Conjuncture

Second hand tractors

CZ

DK

F-H

A-L-D

CH

CH

A-D

F-H-DK

L

CZ

Quarter l/ll 2009

Quarter lll/llll 2009

<30%

>5%

>1%

0%

< 10%

<20%

>10%

<30%

<20%

<10%

0%

>1%

>5%

>10%

Branch-Conjuncture

Turnover workshop

CZ

DK

A – F-D

L-H

CH

CH

A-D

F

L-H-DK

CZ

Quarter l/ll 2009

Quarter lll/llll 2009

<30%

>5%

>1%

0%

<10%

<20%

>10%

<30%

<20%

<10%

0%

>1%

>5%

>10%

Branch-Conjuncture

Turnover Pieces

CZ-DK

F-H

A CH-L-D

A- CH-L-D

H-DK

F-CZ

Quarter l/ll 2009

Quarter lll/llll 2009

<30%

>5%

>1%

0%

<10%

<20%

>10%

<30%

<20%

<10%

0%

>1%

>5%

>10%

Branch-Conjuncture

Personal-Costs

CZ

F-L-H-DK

A – CH-D

A-CH-D

L-H-DK

F-CZ

Quarter l/ll 2009

Quarter lll/llll 2009

<30%

>5%

>1%

0%

<10%

<20%

>10%

´<30%

<20%

<10%

0%

>1%

>5%

>10%

Branch-Conjuncture

Other Costs

CZ

A-L-D

F-DK

CH-H

CH

D-H-DK

L

A – F-CZ

Quarter l/ll 2009

Quarter lll/llll 2009

<30%

>5%

>1%

0%

<10%

<20%

>10%

<30%

<20%

<10%

0%

>1%

>5%

>10%

Branch-Conjuncture

Results

A-L-CZ-D

F-H-DK

CH

CH-D

CZ-H-DK

F-L

A

Quarter l/ll 2009

Quarter lll/llll 2009

<30%

>5%

>1%

0%

<10%

<20%

>10%

<30%

<20%

-<10%

0%

>1%

>5%

>10%

Branch-Conjuncture

Liquidity

CZ-DK

F- CH-L-D-H

A

A –F- CH-H

L-CZ-D-DK

Quarter l/ll 2009

Quarter lll/llll 2009

<30%

>5%

>1%

0%

<10%

<20%

>10%

<30%

<20%

<10%

0%

>1%

>5%

>10%

Branch-Conjuncture

Employees

CZ

H-DK

CH-L-D

A

F

F-L

A

CH-H

D-DK

CZ

Quarter l/ll 2009

Quarter lll/llll 2009

<30%

>5%

>1%

0%

<10%

<20%

>10%

<30%

<20%

<10%

0%

>1%

>5%

>10%

Branch-Conjuncture

Stock

L-D-H

F-DK

A - CH

CZ

CH

A-H-DK

CZ

F-L-D

Quarter l/ll 2009

Quarter lll/llll 2009

<30%

>5%

>1%

0%

<10%

<20%

>10%

<30%

<20%

<10%

0%

>1%

>5%

>10%

Branch-Conjuncture

Investment

Conclusion

Michael Husfeldt

New sales is going down and down – Danmark more then 30% New garden machinery is more or less stable Turnover workshop is in many countries stable Sales of second hand machinery and tractors are going down Big minus in results in quarter 3 and 4 Reducing stock of goods is in focus in many counties

Thanks for your attention