Page 7 - Böllhoff Group annual report 2017

Management

Dear Colleagues,

Friends and Partners,

In its 140th year of trading the Böllhoff Group has enjoyed healthy growth, meanwhile extending
over five continents, 24 countries and 40 sites with a workforce of 3,000 employees.

Boasting record turnover, the financial year 2017 was a highlight in the history of our company.
With sales now totalling 620 million euros, we have seen further growth by 8 percent. We seized
upon the healthy economic situation to step up our activities in relevant markets in Europe, Asia
and America.

Thanks to numerous innovations, investments and courageous decisions by our organisation,
we have witnessed growth in all markets in the individual sectors and regions. Our business unit
Fastener Service Supply extended its business activities in Germany, Eastern Europe, Russia,
Brazil and China, while the business unit Fastening and Assembly Technology has enjoyed global
growth.

We now look back at 2017 with gratitude as this year has clearly
cast more light than shadow over our company and the business

environment.

In 2018 we expect the trend in international markets to remain positive.
Our investments in new production and logistics capacities will gain momentum, while digitalisa-
tion is set to bring new opportunities. We are not disassociating ourselves from geopolitical risks
and remain alert to the impact on the global economy that results here.

Whether in relation to our customers, suppliers, employees or business partners, Böllhoff will
be focusing on its vision “Passion for succesful joining”. We know here that with courage, fairness
and enthusiasm it is our staff who remain the vital pillar of our 140 years of corporate success,
regenerating the company with us time and time again.

We are thus very pleased to not only highlight innovations and investments, trade fairs and inter-
national sales activities in this seventh annual report, but also the aspects of Human Resources
and corporate social responsibility. We should like to thank our employees for their enduring
performance, as well as all business partners for the trust they have placed in our company. Our
thanks also goes to our shareholders and the advisory council, who assist us with our work in a
relationship based on trust and support.

The Management, April 2018

Michael W. Böllhoff Wilhelm A. Böllhoff Dr. Jens Bunte Dr. Carsten Löffler

Böllhoff Group Management (from left):
Dr. Jens Bunte, Michael W. Böllhoff, Dr. Carsten Löffler and Wilhelm A. Böllhoff 3