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The Entrepreneurs’ Group

POSSEHL 4.1: Digital conference in Lübeck

November 19, 2020

Our digital conference in Lübeck brought more than 120 managers and experts from across all Possehl divisions together in March. Over the course of two days they met in workshops, presented results, exchanged ideas and talked about what had been achieved since the start of the process a year earlier. The second conference since the series was introduced in March 2019, this year’s theme was “POSSEHL 4.1”, reflecting the next steps for innovation and collaboration to be taken together across the Group.

The conference was organised by Possehl’s digitalisation team (the D team) and moderated with the support of Berlin-based TLGG Consulting, a consultancy firm that specialises in helping companies to accelerate digital transformation through concrete business models and projects. Five speakers from outside the organisation were also invited to share practical examples of their work in digitalisation and to talk openly about the setbacks they have encountered. The attendees welcomed these insights: “The guest speakers offered a new, broad perspective into what it takes to shape digital transformation. It was very valuable.” Keynote presentations, fireside chats, lightening talks and business workshops also gave participants the opportunity to learn, be inspired and reflect on their own standpoints.

As an umbrella organisation, Possehl supports the Group companies in their digital transformation. Important expertise in digitalisation has been built up within the holding company to coordinate and promote the process of exchange that has been initiated between the companies. In accordance with our slogan #BildetBanden (forming bonds), specialists and managers from all areas of the company have joined forces in cross-company digital cluster working groups.

One initial success of our digitalisation and innovation campaign, which could also be seen from the outside, was the foundation of two start-ups. From the New Year, Possehl Analytics GmbH will provide the Possehl companies with support on the Internet of Things (IoT) and will also harness external market potential. From the end of 2020, Possehl Online Solutions GmbH will begin to provide innovative e-commerce solutions for machine and plant manufacturers in particular. Along with their high levels of agility and innovative strength, both companies stand out for the wealth of experience that their employees have in the field of machine and plant engineering.

Following our second digital conference, it is clear that our POSSEHL 4.X digital transformation has developed into a comprehensive process of cooperation and innovation. The conference is now held every year in the spring and has become an essential event in the calendar for our companies. It is clear what we have to do. We need to ensure the conditions for innovation are right, form a digital ecosystem that acts as a network for people and knowledge, and create added value for companies and their customers by actively shaping digitalisation.

https://www.possehl.de/wp-content/uploads/175-Jahre-Possehl.png 0 0 possehl-mk https://www.possehl.de/wp-content/uploads/175-Jahre-Possehl.png possehl-mk2020-11-19 10:18:342020-11-19 10:44:05POSSEHL 4.1: Digital conference in Lübeck

Current press releases

  • Possehl Foundation decides winter aid for Ukrainians in need February 14, 2023
  • Possehl remains on track for success in its anniversary year February 14, 2023
  • Possehl Digital Conference 4.X 2022 December 27, 2022
  • Possehl Group back on a successful track February 21, 2022
  • Possehl Digital and cluetec are joining forces February 17, 2022
  • Possehl Group reports profitable business year 2020 despite the Corona crisis February 12, 2021
All News

L. Possehl & Co. mbH

Beckergrube 38-52 | 23552 Lübeck, Germany
Postfach 1684 | 23505 Lübeck, Germany

Phone +49 451 148-0
Fax +49 451 148-255
E-mail: info@possehl.de

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Key figures

Possehl at a glance

    2017 2018 2019 2020 2021
Earnings            
Sales € million 3,809 3,764 4,140 4,430 4,360
thereof sales from precious metal trading € million 1,466 1,266 1,537 1,919 1,907
Sales adjusted for the proceeds from precious metals trading € million 2,343 2,498 2,603 2,511 2,453
Earnings result from ordinary operations (EBIT) € million 175 181 173 140 177
Earnings before taxes € million 158 162 153 120 155
Consolidated net profit € million 100 107 93 65 103
Dividends € million 18 19 20 21 30
EBIT ratio* % 7.5 7.2 6.6 5.6 7.2
Return on equity before taxes % 17.2 16.2 14.3 11.1 13.2
             
Net assets            
Balance sheet total € million 1,619 1,788 1,854 1,859 1,950
Economic equity € million 919 1,002 1,071 1,080 1,172
Equity ratio % 56.8 56.0 57.8 58.1 60.1
Working capital € million 600 706 715 645 766
             
Financial position            
Net financial assets € million 366 268 244 355 303
Cash flow from operating activities € million 121 91 184 254 75
Investment in property, plant and equipment and intangible assets (excluding goodwill) € million 71 108 115 91 90
Depreciation of property, plant and equipment and intangible assets (excluding goodwill) € million 58 61 68 73 75
             
Employees            
Employees, annual average   12,413 13,365 13,331 12,995 12,965
thereof domestic   6,708 6,985 6,913 6,872 6,704
thereof abroad   5,705 6,380 6,418 6,123 6,261
* sales adjusted for precious metals contained in the output