Report for the
Business Year
2013
02
Brief profile
Brief profile
The SAG Group is the leading service and system provider
for electricity, gas, water, district heating and communication networks and for systems involved in the generation,
supply and application of power and utilities in Europe.
Over 100 locations in Germany ensure that area-wide
services are provided to regional and municipal utilities,
industrial companies, power station operators and public
transport services. France as well as Central and Eastern
Europe are further core markets of the SAG Group.
The use of a safe, efficient and cost-optimised energy
infrastructure is a significant competitive factor. To
exploit the diverse potentials in this field, SAG supports
its customers in the construction and in the long-term
economical operation of relevant facilities as partners
with an innovative approach and service and safety
orientation. Almost 100 years of experience in the
construction and expansion of electricity transmission
and distribution grids in Germany and abroad enables
SAG to offer its customers and partners the highest
degree of technical expertise, quality and service.
2013
Brief overview of SAG Group GmbH – Group
Sales revenue
EBITDA
Capital expenditure excl. mergers & acquisitions
Employees *
* Equivalents on an annual average, excluding trainees
million €
million €
million €
1,187
72
25
7,924
Contents
03
Contents
Foreword
by the Management
Report
of the Supervisory Board
Highlights
Segment Germany
Highlights
Segment International
04
06
08
18
Facts and Figures on the
Financial Year from 1 January
until 31 December 2013
24
Balance Sheet
34
Income Statement
36
Cash Flow Statement
37
List of Affiliated Companies
38
Supervisory Board and Management
40
Imprint
42
04
SAG Group GmbH, Report for the Business Year 2013
Foreword
by the Management
Dear Ladies and Gentlemen,
Hardly any other sector is changing as swiftly as the energy and utilities industry. Due to
the increasingly rapid expansion of renewables-based power generation, conventional
power stations and traditional business models have become subject to intense scrutiny.
In this state of transition, the economy needs clarity from politicians. Two years of the
energy transition have shown that a number of reliable cornerstones and an adapted legal
framework which would enable the project to meet with success are still lacking. This has
recently led to tangible investment restraint on the part of utilities and grid operators.
So it is all the more necessary to now create investment-friendly framework conditions.
The fundamental revision of the Renewable Energy Sources Act (EEG) is the first crucial
step to getting the energy transition back on track for success. The new Federal Government has announced that the rapid reform of the Renewable Energy Sources Act is a top
priority project. In January 2014, the Federal Ministry for Economic Affairs and Energy
(BMWi) submitted a document outlining the key elements for the revision of the Act; the
revised Act is planned to enter into force as per 1 August 2014.
Based on the coalition agreement, the reform of the Renewable Energy Sources Act is
guided by a number of forward-looking principles, such as the definition of a binding
expansion corridor for renewable energies or the concentration on inexpensive technol­o­
gies such as on-shore wind and photovoltaics. Another major concern of the reform is
the integration of renewable energies into the national and European electricity market.
However, thoughts on this have not yet provided any answers to actual grid integration
since this must be comprehensively defined in the Energy Industry Act (EnWG). In general,
the new Federal Government attaches great importance to linking the expansion of
renew­able energies to that of the electricity grids.
Efficient grids are the backbone of a sustainable, climate-friendly energy supply. To continue ensuring the security of supply at the current high level, they have to be developed
from pure transport and distribution grids and expanded into intelligent systems. Besides
short-term solutions for expansion, we must therefore support and invest in the development of innovative technologies in the long term.
SAG is addressing the technological challenges posed by grid expansion. Numerous proj­
ects were successfully completed and research and development activities intensified in
2013. For example, SAG gave the starting signal for the smart grid by launching iNES®, the
intelligent distribution network management system in June 2013. The system platform,
which grid operators consider to be fit for the future, is an open solution which can be
gradually refined through new technologies and components. More intelligence in the grid
is also rendered possible by the decentralised, autonomous management of grid capacities
within low voltage and, in future, medium voltage as well as by the cost-efficient integra­
tion of decentralised electricity generation plants into the distribution grid. But a successful transformation of the energy supply not only requires energy generation to be trans­
Foreword by the Management
Left:
Sven Behrend
Chief Technology Officer
Middle:
Joakim Olsson
Chief Executive Officer
Right:
Thomas Kleibl
Chief Financial Officer
formed and grids to be optimised – it also needs energy to be used in the most efficient
way possible. For industrial companies, economical production processes and the use of
an efficient and cost-enhanced technical energy infrastructure are important competitive
factors. To exploit the diverse potentials in this field, SAG is increasingly providing support
to industrial customers at national and international level in the construction and long-term
economical operation of power generation plants.
Activating efficiency potentials will also play a major role during the implementation of
SAG’s strategic programme in the coming years. In addition to ongoing projects, strategic
initiatives and activities will continue to be specifically pursued in the individual business
areas of SAG and at a higher level both in Germany and abroad. For example, by taking
over Société Générale des Travaux d'Électricité (Sogetralec) on 1 July 2013, the SAG Group
further expanded its successful market position in France.
SAG is thus also committed to ensuring the success of the energy transition in the future.
At the same time, we are pursuing a corporate strategy which takes account of the changing
markets as far as possible.
Our employees and their exceptional commitment are a key factor driving our success,
to whom we owe our sincere gratitude!
We also thank our customers and business partners. The success in our work is founded
on their trust in our forward-looking strategy. We look forward to cooperating with them
in further projects.
Langen, 7 February 2014
Joakim Olsson
Sven Behrend
Thomas Kleibl
Chief Executive Officer
Chief Technology Officer
Chief Financial Officer
05
06
SAG Group GmbH, Report for the Business Year 2013
Report
of the Supervisory Board
SAG Group GmbH is the parent company of the SAG Group and performs the control
and management as defined by IAS 27. SAG Group GmbH is a codetermined company
in compliance with the Codetermination Act.
In the past financial year from 1 January to 31 December 2013, the Management
informed the Supervisory Board of the business development, the situation of the
Company and general issues concerning the business policy at three meetings. The
Chairman of the Supervisory Board monitored the Management of the Company in
conjunction with the Supervisory Board on the basis of reports and discussed all
significant transactions with the Management in detail.
These discussions focused on issues concerning the strategy of the Group, its market
position in connection with the significant reductions in the investment budgets
of large energy suppliers in the course of the energy transition, the opportunities
entailed in the expansion of renewables-based power generation, the risk situation
of the Company, risk management as well as the sales and earnings situation. In
addition, subjects in connection with planned capital expenditures were discussed.
The annual financial statements, the consolidated financial statements and the
Group management report for the 2013 financial year were audited by the auditor
elected at the Shareholders’ Meeting on 23 April 2013, PricewaterhouseCoopers
AG, Wirtschaftsprüfungsgesellschaft, Frankfurt/Main, and received an unqualified
audit opinion. The auditor’s report was provided to the Supervisory Board. The
report was included in the discussion and audit of the annual financial statements,
the consolidated financial statements and the Group management report by the
Supervisory Board. The auditor took part in the discussions of the annual financial
statements, the consolidated financial statements and the Group management
report by the Supervisory Board, gave a report on the main results of its audit and
was available for any explanations. The Supervisory Board took note of and ap­
proved the results of the audit.
Report of the Supervisory Board
07
Dr Peter Grafoner
Chairman of the Supervisory Board
The Supervisory Board has audited the annual financial statements, the consolidated
financial statements and the Group management report. Based on the final outcome
of its audit, no objections are to be raised.
At the Extraordinary Shareholders’ Meeting of SAG Group GmbH on 5 April 2013,
Dr Peter Grafoner, Tomas Aubell, Martin Fuchs, Dr Johannes Lambertz and Dr
Herbert Lütkestratkötter and at the Extraordinary Shareholders’ Meeting of SAG
Group GmbH on 16 April 2013, Klaus Hofmann, were elected to the Supervisory
Board of the Company with effect as per the end of the Shareholders’ Meeting
held on 23 April 2013. In the election of employee representatives, Bruno Neumann,
Wolfgang Eschen, Wolfgang Jägers, Bernd Mittler, Andreas Pietz and Maik Wortmeier
were elected to the Supervisory Board of SAG Group GmbH. Fabian Gröne was
elected to the Supervisory Board on 22 May 2013 to replace Klaus Hofmann who
resigned. Fredrik Åtting was elected to the Supervisory Board on 24 June 2013
to replace Tomas Aubell. Based on a court order by the Local Court of Offenbach
am Main on 13 January 2014, Ulrich Dallüge was appointed a new member of the
Supervisory Board for Maik Wortmeier and Fabian Gröne who both resigned as per
31 December 2013. Jürgen Wild was appointed a new member of the Supervisory
Board by shareholder resolution on 12 November 2013.
The Supervisory Board extends its sincere thanks to Tomas Aubell, Jörg Bauer,
Andreas Böwing, Klaus Els, Robert Grashei, Fabian Gröne, Klaus Hofmann, Christoph
Müller, Wolfgang Neldner and Maik Wortmeier who resigned from the Supervisory
Board in 2013 for their constructive and constant dedication.
The Supervisory Board thanks the Management and all the employees for their
services in the past year.
Langen, 20 March 2014
The Supervisory Board
Dr Peter Grafoner
Chairman of the Supervisory Board
08
SAG Group GmbH, Report for the Business Year 2013
Highlights
Segment Germany
Highlights Segment Germany
09
Aschaffenburger Versorgungs-GmbH (AVG)
District heating
on wheels
SAG laid a district heating route in the Willigisbridge
in Aschaffenburg. District heating routes are usually
laid in the ground but in this case the line was laid
within the actual bridge and completely on wheels to
avoid any problems with bridge vibrations.
10
SAG Group GmbH, Report for the Business Year 2013
Segment
Germany
Business activities in the segment Germany focus on the areas of Services Germany,
Gas & Offshore Projects and High-Voltage Projects Germany.
Services Germany
The Services Germany business area focuses on the planning, construction and
maintenance of electricity, gas, water and district heating networks as well as power
stations and industrial plants. At over 100 locations in Germany the business area
pools extensive technical expertise in infrastructures, which includes parts of the
service portfolio of Bohlen & Doyen Bauunternehmung GmbH and the Centre for
Geo-Information Technology (CeGIT).
Müller Sachsen GmbH is one of the most modern dairies in Europe. Every year
around 1.7 billion kilogrammes of milk are turned into dairy products. To cover the
enormous energy requirements of the factory cost-effectively in the future, the company is building a modern gas power plant to generate its own electricity and steam.
SAG was commissioned to connect it to the gas grid as it had actively collaborated in
the approval procedure for the construction project. In addition to supplying almost
620 tonnes of steel piping as well as laying and connecting the 15-kilometre section
of the high-pressure gas pipeline made of steel, the SAG Group performed all of the
underground engineering work. When the new pipeline was constructed, ten roads
and the A4 motorway close to the Pulsnitz junction had to be crossed under using
horizontal drilling methods. The power station is scheduled to commence operation
in 2014.
Electricity and district heating are generated in three power plant units at the
Chemnitz thermal power station – based on the combined heat and power principle.
eins energie in Sachsen, which operates the power station, replaced an 80 MVA
generator transformer in 2013. The energy provider tasked SAG with the supply,
laying and installation of a 110 kV cable system from the gas-insulated switchgear to
the transformer. In addition to the delivery and installation of the cable framework
on the transformer, the contract also included the provision of connector terminations for the gas-insulated switchgear. Furthermore, medium-voltage circuit breakers
were supplied and installed and the control and safety technology connection was
renewed, with all the work being completed within a tight timeframe during which
the power station was shut down.
Dillinger Hütte is investing around EUR 300 million in a new plant for manufacturing
high-class slabs for heavy-plate production. The sixth vertical continuous casting
line with an annual production of 1.2 million tonnes of steel is planned to go into
Highlights Segment Germany
11
operation in spring 2014. SAG is carrying out the planning for all of the cable routes,
the cable management and will create the required cable pulling cards on behalf
of SMS Siemag AG, which is supplying the slab caster. All in all, 318 kilometres of
power and control cables are required for the new plant and 12,600 cable connections will be set up. The contract also includes the installation of 320 switch panels,
grounding and the potential equalisation of the plant.
DanSteel/SMS Siemag AG
Electrical installation
at top speed
SAG was responsible for the removal and
reinstallation of the electrical installa­
tions for a new slab roller at the DanSteel
heavy-plate rolling mill in Frederiksværk
(Denmark). Time-consuming foundation
work and complex commissioning required
detailed preliminary planning.
Biomethane has a high degree of future potential of the renewable energy sources.
SAG set up the feed-in station to the DP-16 network for the biomethane plant of
Bioenergieerzeugung Koblenz GmbH on the Hellerwald industrial estate. Processed
biogas is transferred at the entrance to the biogas feed-in station and is first ana­­­
lysed using a process gas chromatograph. The biogas that meets the quality stan­
dards is then admitted into the plant, filtered and measured subject to calibra­tion
regulations. As this gas will be fed into the grid operator’s mains system later, it
must be adjusted to reflect the properties of the gas already flowing in the system.
To this end, air is fed in at the Hellerwald plant (air conditioning), which adjusts
the energy value of the gas. The gas is then compressed to the required pressure
via two redundant compressors so that it can be fed into the mains. This pressure
is around 8 to 10 bars at the Hellerwald plant. As a next step, the conditioned
biomethane is again analysed with a process gas chromatograph, measured in
accordance with calibration regulations and provided with an odorant before
leaving the station. The station operates unmanned and must have an availability
of 96 percent.
The new hall 3A of Nuremberg Messe, an exhibition company, has a floor space
almost twice the size of Nuremberg’s main square. With a length of 105 metres
and a width of 85 metres, a large, new exhibition area measuring around 9,000
square metres is being built at the exhibition location. SAG is carrying out the
complete electrical installations for the new hall. Starting with site electricity,
this also includes supplies for exhibitors, low-voltage main distribution boards,
interior and exterior lighting, safety installations and fire alarm systems. The new
hall will start operations just in time for the International Toy Fair at the beginning
of 2014.
12
SAG Group GmbH, Report for the Business Year 2013
iNES® – Intelligent
distribution grid
management
Market launch of iNES® close to Frankfurt
am Main.
CeGIT provides advice and conducts analyses on the evaluation and use of geodata,
network and systems data, and develops its own software products. On 14 May,
2013 at the 2nd International Smart Energy Congress in Frankfurt, Hesse’s former
Minister of the Environment, Lucia Puttrich, awarded the State Prize for Intelligent
Energy of the State of Hesse to SAG’s “iNES®” innovation project in the energy
network category. The “Energiewende 180 Grad” initiative of the DKE German
Commission for Electrical, Electronic & Information Technologies of DIN and VDE
also named “iNES®” as a particularly innovative alternative to conventional grid
expansion. “iNES®” stands for intelligent local substation and enables decentralised
electric­ity generation plants to be integrated cost-effectively into the distribution
grid. It was developed jointly with partners from science, the energy industry and
the manufacturing industry. SAG GmbH heads the consortium and has managed
the development activities since the project was launched in 2011. In the middle
of 2013, SAG presented iNES® to a wider public and started regular sales of the
marketable product.
Highlights Segment Germany
13
Gas and Offshore Projects business area
In the Gas and Offshore Projects business area, the SAG Group bundles its services
in the area of gas and also performs offshore work. Of particular importance here
are the production of natural gas, liquid gas and liquid natural gas filling stations as
well as the laying and repair of high-voltage cables for offshore and onshore energy
generation plants. Bohlen & Doyen Bauunternehmung is highly competent in gas
pipeline construction and can also manufacture pipelines for district heating and
steam pressure lines in any kind of dimension and at any pressure level.
The Federal Government has defined specific expansion and electricity production
targets for the use of offshore wind energy in German waters. Between 20,000
and 25,000 megawatts of wind energy output are thus to be put in place by 2030
with offshore wind farms increasing their production of electricity to around 70 to
85 billion kilowatt hours per year. The Gas and Offshore Projects business area is
working hard towards enabling energy generated at sea to be used on land. The
aim of the SylWin1 project is to connect wind farms off the island of Sylt and the
HelWin2 wind farms off Heligoland to the mainland and to ensure that the wind
energy generated can be transported on the mainland and connected to the German
electric­ity grid. To connect the wind farms in the eastern North Sea, a distance of
at least 200 kilometres must be covered until the extra-high voltage grid is reached.
The wind farms that lie around 70 kilometres to the west of the island of Sylt will
be able to feed large volumes of wind power into the German electricity grid through
the SylWin1 grid connection in the future. The cable connection consists of around
160 kilometres of submarine cable and 45 kilometres of land cable.
TenneT Offshore GmbH
Connected – Submarine
cable in the mud flats
To harness wind energy on the open
sea, a connection was set up to the grid
on the mainland. Bohlen & Doyen was
awarded the contract for crossing the
mud flats from the mainland over the
island of Norderney to the 10-metre
subsurface contour. The cables were
laid using a jet plough in compliance with
strict nature conservation requirements.
14
SAG Group GmbH, Report for the Business Year 2013
Bohlen & Doyen installed this cable system using the simultaneous lay and burial
method by means of a jet plough and vibro-sword along a total length of 17.5 km up
to the five-metre subsurface contour. New here was the rewinding process during
which both lay barges reduced the need for splicing to a minimum. A further challenge was crossing the Tertiussand offshore sand bank where the waters are very
shallow. The connector lay barge manoeuvred the sections “Wattenmeer National
Park” and “Tertiussand” while the installer lay barge installed cables in the “Norderpiep” fairway and in the “Westlich Tertiussand” area. The submarine cable will be
connected with the land cable directly behind the dyke. The company is also tasked
with laying the land cable along a length of 45 km. The HelWin2 project serves
to implement a 690 megawatt grid connection for wind farms near Heligoland. To
begin with, the Amrumbank West offshore wind farm will be connected. The route
runs from the converter station in Büttel 45 kilometres over land to the coast and
from the landing point in Büsum another 85 kilometres to the converter station at
sea. The depth of the excavation, which was subdivided into approx. 60 sections
up to around 830 metres, varies. A minimum cover of 1.20 metres is required – but
it may range up to 1.90 metres. The land cable section, which is produced for the
SylWin1 Project in Holland and for HelWin2 in France, is laid at a suitable depth in
the various sections.
Gasunie Deutschland is responsible for the management, operation and expansion
of an extensive long-distance pipeline system in northern Germany. In Germany’s
federal states of Lower Saxony, Bremen, Hamburg and Schleswig-Holstein, Gasunie
Deutschland operates an around 3,600-kilometre-long gas transmission grid.
Services relating to maintenance, servicing and fault clearance are also provided,
which include gas pipe network testing, route inspections and inspections of the
function of valves and fittings. Other work performed encompasses repair and
integration measures, the pigging of pipelines and the maintenance of pig traps.
At the end of June 2013, Audi opened a power-to-gas plant in Werlte/Emsland. Jointly
with the plant engineering firm ETOGAS GmbH (formerly SolarFuel) and the project
partner MT-BioMethan GmbH, Audi is constructing the plant on a 4,100 sqm plot of
land owned by EWE AG. EWE Netz GmbH is responsible for the construction of the
plant which feeds the synthetically produced methane into the natural gas network.
The Oldenburg-based grid operator tasked Bohlen & Doyen with the execution of
important technical components of the overall system. The plant works in two process steps: electrolysis and methanation. As a first step, the plant uses the surplus
electricity from renewable energies in order to split water into hydrogen and oxygen
with three electrolysers. The hydrogen could serve as fuel for future fuel cell cars.
However, a nationwide infrastructure is still lacking for this at present, which is why
the second procedural step immediately follows the first: methanation. Synthetic
methane is produced by hydrogen reacting with CO2. It is almost identical to natural
gas and is distributed to CNG filling stations throughout Germany via an existing
infrastructure – the German natural gas network.
Highlights Segment Germany
High-Voltage Projects Germany business area
Line and switchgear construction are allocated to the High-Voltage Projects Germany
business area.
The core competence in line construction is the planning, delivery, construction and
assembly of high-voltage overhead power lines. In addition, the business area car­
ries out plant evaluations, including a damage analysis, and devises suitable refurbishment concepts in conjunction with SAG's Research and Technology Centre.
LEW Verteilnetz GmbH engaged SAG to renew a section of the 110 kV line between
Memmingen and Meitingen. The work is part of a comprehensive modernisation
programme for the line which has a total length of 82 kilometres. Along a stretch of
5.3 kilometres, SAG dismantled 20 old pylons and put up 17 new ones. The disman­
tled pylons were a “Lyra” type pylon, which is very rarely found in Germany and is
usually only used for single-system lines. The Bowden cable was hoisted on to the
new pylons near Memmingen across the A 96 motorway and across the railway line
running between Buchlohe and Memmingen. Some of the work was performed in a
water protection area necessitating compliance with special environmental requirements and the implementation of special protective measures. Regular coordination
with the Nature Conservation Agency of the City of Memmingen ensured that the
assignment was correctly executed.
LEW Verteilnetz GmbH
Almost the last
of their kind
The plant engineers in Ergolding replaced
a section of the 110 kV line between
Memmingen and Meitingen. This entailed
dismantling the old “Lyra” pylons, which
had been used for single-system lines
and are no longer made in Germany.
Compliance with special requirements
was necessary as the work was carried
out in a water protection area.
15
16
SAG Group GmbH, Report for the Business Year 2013
SAG’s plant engineers raised the height of three pylons by three metres each in the
three-system 380 kV line between the Isar nuclear power plant and Ottenhofen for
TenneT TSO GmbH. In order to raise the height of the pylons, the old lower sections
had to be removed and replaced. The new lower parts are 26 metres high and weigh
around 25 tonnes. As the pylons are asymmetrically loaded, they had to be balanced
out during the construction work with additional weights weighing 9 tonnes. As a
final step, a 500-tonne mobile crane lifted the upper section of the pylons weighing
68 tonnes, including the outriggers and the transmission line conductors, up to a
height of 84 metres above ground. The new lower sections were then placed beneath
these and the upper section was replaced. Access roads able to withstand heavy
loads leading to each pylon location were constructed in order to keep the impact on
the environment to a minimum.
TenneT TSO GmbH
68-ton pylon
on a mobile crane
SAG raised the height of three pylons
by three meters along the three-system
380 kV line between the Isar nuclear
power plant and Ottenhofen. A 500-tonne
mobile crane lifted the upper section of
the pylons weighing 68 tonnes, including
the outriggers and lines.
Know-how in the project planning, erection, modernisation and operation of highvoltage and medium-voltage switchgear is pooled in the Switchgear Construction
business area.
In Baden-Württemberg, EnBW Regional AG, the largest distribution grid operator,
transmits and distributes electricity through its own grids which have a total length
of around 155,000 km. To make the necessary investments in both the existing
network and in new equipment, EnBW Regional AG has decided to bundle a large
number of projects from 2013 to 2016 and award them in a block. In a joint consor­
Highlights Segment Germany
17
EnBW Regional AG
Safe supply
in the south
As the general contractor, SAG converted
the Höpfingen substation during live
operations. The complete control and
switching equipment was replaced both
on the 380 kV side and on the 110 kV
side.
tium with Siemens, SAG has submitted an offer for 35 individual projects and in
September 2013 was awarded the contract for the planning, project management
and erection of 110/10/20 kV substations throughout the network area of EnBW
Regional AG. SAG is assuming the role of a system supplier by planning, managing,
supplying and installing all the electrical equipment, the operating and switchgear
buildings and will carry out all of the underground engineering work and steel con­
structions.
As the general contractor, SAG converted the Höpfingen substation of EnBW Regional
AG, finishing in June 2013, so that it can meet the requirements of future decades
failure-free. SAG replaced the complete control and switching equipment both on
the 380 kV side and on the 110 kV side of the 380/110 kV substation. The 380 kV
section is an interface between TransnetBW and TenneT, which required switching
agreements between both grid operators. Within just eight weeks, SAG’s engineers
converted all four 380 kV fields. As part of the project, a 110 kV field was set up to
integrate a 100 MVA shunt reactor. The reactor serves to compensate reactive power
capacity in the grid. SAG supplied all the primary equipment and secondary components as well as the relay station.
The Goldshöfe 380/110 kV substation of TransnetBW is a central intersection
in the regional energy supply network and mainly serves to supply energy to the
Ostalbkreis district of Baden-Württemberg. In the electrical supply network for
TransnetBW, SAG supplied a 250 MVAr shunt reactor including the 380 kV integra­
tion into the Goldshöfe substation. In the process, SAG carried out the complete
engineering for the plant. The scope of delivery also included the required capacitor banks, coils and resistors.
18
SAG Group GmbH, Report for the Business Year 2013
Highlights
Segment International
Highlights Segment International
19
Réseau de Transport d’Électricité (RTE)
Transport
network needs
reinforcement
For the expansion of the Flamanville nuclear power plant
on the French coast, SAG was tasked with the construction of a 17-kilometre section of the 400 kV line and the
expansion of an existing overhead line. Despite difficult
weather conditions on site, it was possible to ensure the
functional reliability of the energy supply system and
reinforce the transport network.
20
SAG Group GmbH, Report for the Business Year 2013
Segment
International
The segment International comprises business activities in France and Eastern
Europe.
The focus in France is placed on service for electricity grids and telecommunication networks as well as high-voltage projects. In Poland, the Czech Republic and
Slovakia, SAG’s business concentrates on line and switchgear construction. In this
context, its expertise ranges from project planning, modernisation and installation
right through to maintenance. In addition to these services, SAG offers services
for regional utilities and increasingly for industrial customers in Hungary.
Slovenská elektrizačná
prenosová sústava, a.s. (SEPS)
Transport of materials
by helicopter
Pylons and conductors were already over
30-years old in several sections along
the 400 kV line between the switchgears
in Sučany and the Liptov reservoir. SAG
replaced the existing insulators with new
ones on a total of 132 pylons. In the rough
terrain of the Great Fatra, the material
had to be transported to six locations by
helicopter.
Highlights Segment International
21
INELFE
Construction of route
in harmony with nature
A 64.5-kilometre route – including 8.5
kilometres through the Pyrenees – were
dug for a connection between France and
Spain. SAG Thépault was commissioned
to excavate trenches and lay PVC pipes.
Animal welfare and natural conservation
requirements posed a special challenge.
France
By taking over Société Générale des Travaux d'Électricité (Sogetralec) as per 1 July
2013, the SAG Group is further expanding its successful market position in France.
The company based in Béziers was established in 1962 and has special expertise
in the area of lighting. This acquisition has increased the territorial coverage of the
SAG Group in southern France and leverages synergy effects for the entire French
market. In addition, the SAG Group has gained special competence in the field of
public-private partnership contracts.
To ensure the functional reliability of the French energy supply system, the transport
network must be reinforced. This is precisely the aim of the Cotentin Maine Project,
which involves the construction of a new 400 kV overland power line and two
switchgears. In cooperation with Bouygues Énergies & Services (formerly ETDE),
the SAG Group constructed a 17-kilometre stretch of the new line and expanded
another section for the power grid operator RTE (Réseau de Transport d’Électricité).
The Gaudière substation in southern France is part of a new connection line between
France and Spain, which is to serve to improve the reliability of the power supply
and electric systems in both countries. SAG Thépault converted the switchgear to
achieve a higher power throughput. All the work was performed on live equipment
without shutting down.
22
SAG Group GmbH, Report for the Business Year 2013
EOLICA Wojciechowo Sp. z o.o.
Turnkey for wind farm
SAG Elbud Gdańsk S.A. constructed the
Wojciechowo turnkey wind farm with
an output of 28 MW. The scope of work
also included the engineering and the
construction of the 110/20 kV switchgear.
Eastern Europe
On behalf of the investor EOLICA Wojciechowo Sp. z o.o., an affiliated company of
PGE Energia Odnawialna S.A., SAG Elbud Gdańsk S.A. constructed the Wojciechowo
turnkey wind farm with an output of 28 MW. The work entailed preparing the con­
struction drafts for the wind farm, the construction of the 110/20 kV switchgear, the
construction of the access roads to the turbines, the construction of the 14 turbine
foundations and ten kilometres of 20 kV medium-voltage cable lines as well as commissioning and obtaining a permit for the use of the wind farm.
SAG Elektrovod was tasked with constructing a new part and reconstructing existing
parts of the switchgear in Stupava on behalf of Slovenská elektrizačná prenosová
sústava, a.s. (SEPS). One new field was installed in the 400 kV switchgear and four
others completely reconstructed. In this project, SAG Elektrovod carried out the
complete engineering, performed all the construction and installation work and
provided the documentation.
SAG Hungaria supported switchgear construction in Germany by constructing a
new 110 kV switchgear for EVN AG in Tulln. In addition to the complete primary and
secondary planning, SAG’s scope of performance also included the statics and the
supply of the entire material for the construction and extension. Furthermore, SAG
supplied and installed control and switching equipment as well as 60 tonnes of steel
structures. After the work had been completed, SAG initiated the operation of the
new switchgear.
Highlights Segment International
23
The toy manufacturer Lego has begun to build a new factory in Nyíregyháza, a town
in the north of Hungary. Production is scheduled to gradually start in the first half of
2014. By that time, 768 injection moulding machines are to have been installed at
the site and the number of staff increased to 1,500. SAG Hungaria has been contracted to carry out the medium- and low-voltage installations in eight buildings, which
includes 22 kV switchgears and transformers as well as 400 V distributing cabinets.
In addition, SAG is installing all of the lighting and light control systems as well as
the emergency lighting at production plants.
On behalf of Svenska kraftnät, SAG Elektrovod renewed a part of the existing 400/
200 kV line between Stackbo and Finnböle. As a Swedish transmission grid operator,
Svenska kraftnät maintains the high-voltage grid and is responsible for the supply
of electricity and since 2005, also for the supply of natural gas. The existing pylons
along that section of the line were dismantled and replaced by new self-supporting
lattice masts. In addition to the masts, the conductor cable was replaced and a fibre
optic cable was inserted. The section is part of the “Bypass of Stockholm” project.
Svenska kraftnät
Two projects
near Stockholm
SAG Elektrovod took on the complete
installation work for two projects near
Stockholm. The fitters put up new pylons
and reconstructed existing ones along
the 400/220 kV line from Botkyrka to
Bredäng and the 400/220 kV line from
Stackbo to Finnböle.
24
SAG Group GmbH, Report for the Business Year 2013
Facts and Figures
25
Facts
and
Figures
on the Financial Year
from 1 January until
31 December 2013
26
SAG Group GmbH, Report for the Business Year 2013
Business
Development
and General Conditions
Macro-economic conditions
In the light of the yet unresolved consequences of the sovereign debt and banking
crisis, growth of the global economy was weak. At the same time, stimuli were
provid­ed particularly by the industrial countries while emerging countries were
unable to maintain their dynamic development of previous years.
The eurozone recorded slow progress in the improvement needed in its competitiveness.
Due to buoyant private consumption, growth of 0.4 percent in the gross domestic
product was achieved in the Federal Republic of Germany.
Nevertheless, this positive development should not blur our vision so that we fail to
see the significant challenges lying ahead for German and European politics.
Industry-specific conditions
Through the entry into force of the Federal Requirement Plan Act (BBPIG) in July
2013, a law has been developed within the framework of a legally defined procedure
with strong public participation which will add new momentum to grid expansion
in Germany. The necessity of 36 extra-high voltage lines for the energy industry and
their priority status has been determined with binding effect and can no longer be
challenged. Subsequent administrative procedures such as the Federal Grid Plan
and planning approval procedures will no doubt be accelerated now. To additionally
increase the speed of grid expansion in Germany and adjust the extra-high voltage
grid system to energy transition requirements, the Bundesrat approved an ordinance
on the allocation to the Federal Network Agency of planning permission for crossstate and cross-border extra-high voltage lines (PlfZV) in June 2013. As a result of
this ordinance, both the planning authority and the approval authority for cross-
Facts and Figures
27
Energieversorgung Offenbach AG (EVO)
High quality,
adherence to schedules
and industrial safety
SAG was tasked as a general contractor
with replacing electronic components
in the waste-to-energy plant in Offenbach.
Changeover and commissioning had
to take place within one week in which
the power station was shut down. The
waste-to-energy plant incinerates around
250,000 tonnes of household waste to
generate energy each year.
state and cross-border lines were transferred to the Federal Network Agency by
Germany’s federal states for the first time. This means that for the 16 lines affected
by the Federal Requirement Plan Act, there is one contact for the four German transmission grid operators.
It is to be assumed that previously protracted planning and approval procedures can
be completed much more rapidly with the BBPIG and the PlfZV; the willingness of
the transmission grid operators to invest in the grid is also expected to significantly
increase. According to the Federal Ministry for Economic Affairs (BMWi) and the
Federal Ministry for the Environment (BMU), the required grid investments are still
estimated to stand at around EUR 20 billion by the year 2023. The highest degree
of implementation for the upcoming expansion required in the extra-high voltage
network is expected from 2015 to 2017.
While a more stable political and economic framework is being created for grid
expansion two years after the initiation of the energy transition, there are still
many questions to be answered about the market integration of renewable energies. The previous Act on the Priority of Renewable Energy Sources (abbreviated
to Renewable Energy Sources Act, EEG) has ensured that the growth in renewablesbased energy generation has been successful. In order to keep the addition of
photovoltaic systems within the defined range, the Federal Network Agency reduced
the compensation twice for the electricity fed into the grid. For the first time in
October 2013, the compensation fell below 10 cents per kWh for large roof systems
with an output of 1 MW to 10 MW and ground-mounted plants. The criteria for
subsidies for renewable energies are expected to be revised by state institutions
and market models will have to replace subsidies in future. Particularly with photo­
voltaics, the technological development is at such an advanced stage that it should
be possible to reliably and inexpensively feed power into the grid and thus directly
market new systems.
28
SAG Group GmbH, Report for the Business Year 2013
Energieversorgung Offenbach AG (EVO)
New cable connection
crosses underneath the
River Main
SAG replaced a 110 kV overhead line
with an underground cable connection
between the substations at Seligenstadt
and Dettingen. To assume the task of the
cable section, a field-installation cable
was laid during construction in order to
secure the supply to the substations.
In 2013, transmission grid operators drew up an offshore grid development plan for
the first time containing the layout of the routes of the offshore grid system and a
schedule for the realisation of the grid connection projects for the next ten years.
In January 2014, the Federal Network Agency confirmed eight of the ten connection
lines applied for. The approved offshore grid development plan will thus become
the basis of the Federal Requirement Plan. To facilitate the required investments,
the amount of compensation payable to wind farm operators by transmission grid
operators responsible has been restricted if there is a delay in the grid connection.
This compensation may be passed on to electricity consumers up to a maximum
limit. Investors are expected to become more active in this area again as the legal
framework improves.
Facts and Figures
29
The German Federal Association of the Energy and Water Industries (BDEW) and
the Council of Economic Advisers have been calling on German politicians to
adopt a consistently market- oriented energy policy. To this end, the Council of
Economic Advisers put forward a constructive proposal by presenting the market
integration model, which aims to create a suitable framework for pushing ahead
the market and system integration of renewable energies. Against the backdrop
of a new regulatory framework, it can be assumed that new viable business
models will be developed and lend fresh impetus to the sector. Another important pillar for the further devel­opment of the energy industry is a revision of
the market conditions for conventional power stations. The fall in stock market
prices for electricity is resulting in the economic inefficiency of conventional
stations. Above all, new highly efficient gas power stations used as back-up
capacities to ensure the security of supply do not achieve the calculated hours
of operation. In this case too, the new Federal Government is called upon to
create a competition-oriented output or capacity market.
Two years of the energy transition have shown that the issue at hand is not only
a turnaround in the generation of energy – the whole system must be designed to
increase efficiency. The efficient use of energy is an important basis for the success
of the energy transition and the development of new business models. Not only the
consumption of energy but also upstream value-added stages such as generation,
transport and distribution must be organised so they are highly efficient. The basis
was created for this in recent years. This basis must be further developed in the
coming legislative period.
50Hertz Transmission GmbH
88 kilometres of
energy transition
Within a construction period of seven
months, SAG erected 48 steel pylons along
19 kilometres of the 88-kilometre route
and installed around 500 kilometres of
transmission line conductors between
Schwerin and Hamburg. With 50Hertz’s
new northern line, there is now greater
security in supply in the Hamburg region
as electricity is transmitted directly to
the city from the north-east through the
overhead line, which acts as a busbar
from the wind farm.
30
SAG Group GmbH, Report for the Business Year 2013
Business development
In the 2013 financial year, the SAG Group generated revenue of € 1,186.6 million
and income from operating activities of € 40.4 million.
Due to its comprehensive range of services, its cross-utility expertise and its pres­
ence in the countries of significance in Central and Eastern Europe, the SAG Group
has gained an outstanding position in the market for energy services. In SAG's
most important market, Germany, it is one of the market leaders. In its other core
markets in France and Poland, SAG is likewise one of the large providers of technical
energy services. SAG’s business is conducted in the “Germany” and “International”
segments. These business segments are subdivided further based on functional and
regional factors.
The Management of SAG Group GmbH is the executive body of the Group. Jointly with
the second-tier management, it ensures the strategic development of the SAG Group,
the rapid implementation of decisions taken as well as a smooth flow of internal
communication throughout the Group. The codetermined Supervisory Board advises
and monitors the Management. In the interest of a long-term and value-based corpo­
rate management approach, these bodies jointly define and implement guidelines
for corporate actions. The common goal of both bodies is to sustainably increase the
value of the SAG Group as a going concern and ensure the acceptance of its corporate actions by society. In addition, retaining the SAG Group’s employees over the
long term and their specific development and support is seen decisive for the future
success in a changing market environment.
The uncertainty on the market, mainly caused by the energy transition, has re­sulted
in cautious investment behaviour. Furthermore, the SAG Group was adversely
affected at the outset of the financial year by long periods of bad weather and a flood
event in Germany.
The forecasted income from operating activities was therefore unable to be
achieved. The planning accuracy of the SAG Group can continue to be considered
good. This can be seen particularly by the revenue of € 1,186.6 million which
was 1.2% above the budgeted figures. The “Germany” segment made the biggest
contribution to revenue, earning € 897.4 million.
Facts and Figures
31
Stadtwerke München
Always
up-to-date
SAG CeGIT was awarded a framework
contract for a term of four years for the
maintenance, verification and correction
of digital output information. Services
provided by CeGIT include both the updating of the actual situation and technical
data in the grid information system as
well as the punctual recording of changes
initiated by operations.
Research and Development
In the area of research and development, our highly specialised employees are
search­ing for technological solutions, for example for intelligent grid management
or in software development. New ideas on enhancing the efficiency of existing
products as well as introducing completely new approaches are continually devel­
oped in this way.
The iNES® project involves developing a method to record the power flow and
specifically regulate individual generation and consumption units in the low-voltage
network. iNES®, the intelligent distribution grid management system, which was
developed with partners from science and the energy industry and has been used
in several regions successfully since 2012, is an alternative to grid expansion.
iNES® is a smart grid system solution whose core is the decentralised management
of grid capacities within the low-voltage network. In addition to reporting the grid
status in real time, it is also possible to regulate grids so the existing grid capacity
can actually be used.
Within the framework of the NiVeAu project, which focuses on developing a method
for the calculation of the power flow in the medium-voltage network, the empirical
values obtained through iNES® are applied to medium voltage.
In the iNA project (formerly: COMES), methods are being developed to determine
realistic states of operational equipment in the low-voltage and medium-voltage
range. Research and development activities are also being conducted in the
power-to-gas area, where the focus is placed on the generation of hydrogen through
electrolysis processes and the feed-in to the existing gas network.
The Research and Technology Centre (VTZ) in Langen is a non-affiliated, accredited
testing institute for the examination of components, subassemblies and complex
systems for the supply of energy. Since its foundation in 1969, the VTZ has built
up expertise which is unique in the sector. Through tests and damage analyses,
a wealth of useful experience has been gained, for example about the remaining
service life of components and possible ways of extending their life. It conducts
commissioned research in cooperation with customers from across the globe.
32
SAG Group GmbH, Report for the Business Year 2013
Personnel and social area
The number of employees in the SAG Group stood at 7,924 (2012: 8,018) on average
in the year under review – converted into full-time equivalents.
In 2013, 238 employees completed vocational training on an annual average in the
SAG Group. In the light of the growing shortage of skilled labour and aware of its
corporate social responsibility, SAG is committed to company-based training which
primarily serves to meet its own manpower requirements. Training is provided in
technical and commercial occupations, both on SAG’s own business premises and in
cooperation with educational centres.
The SAG Group offered a comprehensive training programme again in 2013.
In Germany alone, 3,493 participants were trained on 5,629 days. Focal points
in this connection were technical seminars, seminars on industrial safety and
multi­disciplinary SAG seminars.
In the course of the SAG seminars, 468 employees underwent training on 1,128 days.
Personnel development measures at SAG serve to improve personal and workplacerelated potentials. They are based on functions, tasks and areas of responsibility and
aim to further optimise collaboration within SAG and thus make SAG more successful
overall. In this context, a focus is placed on integration, potential and management
development programmes (FastPractice, Fit for Lead, Lead to Excellence) and construction and project business themes (e.g. building site documentation and order
processing under contracts for work).
To support employees suffering severe financial hardship for reasons beyond their
control, the Management of SAG GmbH and the Central Works Council of SAG GmbH
decided to set up a social fund under a central works agreement at the end of 2013.
Facts and Figures
33
Environmental protection and industrial safety
We attach the greatest importance to the health and safety of our employees. For
this reason, we take comprehensive measures to protect them against potential
accidents and damage to their health. At the same time, our aim is to do more than
merely meet our legal training obligations and to assume responsibility for all our
employees. This is of benefit to our customers since occupational health and safety
increases the quality of our services.
Instruction in connection with environmental protection and industrial safety
aspects is provided at the SAG Group in accordance with legal requirements;
in Germany at least once a year.
No environmental protection-relevant incidents occurred in the period under review.
For the further improvement of environmental protection and industrial safety,
appropriate targets were agreed and worked off at each of the companies. Among
other things, this includes assessing the subcontractors used, qualifying hazardous
goods officers and persons appointed in accordance with the Ordinance on the
Transport of Dangerous Goods by Road, Rail and Inland Waterways (GGVSEB),
qualifying earthworks machinery operators, holding the industrial safety week,
training first aid helpers, holding five special industrial safety seminars for new
trainees, qualifying the environmental officers as well as carrying out industrial
safety and environmental protection advance training and conferences as well as
updating further system-relevant documents.
Westnetz GmbH
Bird strikes onto
electricity pylons
SAG equipped around 3,000 pylons with
bird protection measures in compliance
with the VDE rules of application. Particularly birds with wide wing spans benefit
from the caps, longer insulators and perch
rejectors. Some of the work was able to be
performed with special tools which meant
supply did not need to be interrupted.
The number of accidents subject to reporting (work and travel accidents) in the
SAG Group fell from 287 to 240 in 2013. At 28.3‰ (2012: 33.8‰), there was a
significant decrease in the frequency of accidents per 1,000 employees. The days
off after accidents subject to reporting increased slightly from 6,286 to 6,458.
There was a significant decline from 26.7 to 21.7 in the frequency of accidents
according to LTIF (work-related accidents, resulting in at least one missing day, per
million working hours).
34
SAG Group GmbH, Report for the Business Year 2013
Balance Sheet
of the SAG Group
Assets
in € thousand
Non-current assets
Goodwill
Other intangible assets
Property, plant and equipment
Financial assets
Financial receivables due from third parties
Other receivables and other assets
Deferred taxes 1)
Current assets
Inventories
Financial receivables due from related entities
Financial receivables due from third parties
Other receivables due from related entities
Trade receivables due from third parties
Receivables from the application of the percentage-of-completion
method
Other receivables and other assets
Recoverable income taxes
Cash and cash equivalents
Non-current assets held for sale
Total assets
31.12.2013
31.12.2012
572,099
82,549
116,409
306
144
254
807,419
566,655
84,693
124,388
204
25
96
36,437
812,498
14,806
2,790
3
847
149,919
13,893
2,571
6
13
143,813
138,580
6,819
3,873
110,551
167
428,355
103,794
5,602
3,373
100,487
0
373,552
1,235.774
1,186.050
35,658
Balance Sheet
Shareholders’ equity and liabilities
in € thousand
35
31.12.2013
31.12.2012
3,000
173,590
3,000
173,590
–105,869
–5,704
65,017
Shareholders’ equity
Capital and reserves to which the shareholders
of the parent company are entitled
Subscribed capital of SAG Group GmbH
Additional paid-in capital of SAG Group GmbH
Retained earnings and distributable profits 1)
Currency translation effects recognised directly in equity
–113,688
–5,602
57,300
Non-controlling interests
0
364
65.381
57.300
Non-current liabilities
Provisions for pensions and similar obligations 1)
Other provisions 1)
Financial liabilities owed to third parties 2)
Other liabilities
Deferred taxes
Current liabilities
Other provisions 1)
Financial liabilities owed to related entities
Financial liabilities owed to third parties
Other liabilities owed to related entities
Trade payables to third parties
Income tax liabilities
Other liabilities
Total shareholders’ equity and liabilities
809,714
329,924
23,780
338,281
504
32,460
724,949
70,570
125
4,164
479
179,937
849
112,636
368,760
79,012
126
61,929
361
145,523
236
108,533
395,720
1,235.774
1,186.050
338,387
25,627
410,544
526
34,630
Due to the mandatory application of IAS 19 (revised 2011) and the information which has become necessary on account of this in accordance
with IAS 8 (accounting methods), it was necessary to make retrospective adjustments to the comparative period shown.
1)
2)
Adjustment due to IAS 19 (revised 2011)
of which non-current interest-bearing financial liabilities: € 410,544 thousand (2012: € 338,281 thousand)
36
Income Statement
Income
Statement
of the SAG Group
for the period from 1 January to 31 December 2013
2013
2012
1,186.624
683
7,562
583,892
384,747
31,174
154,653
1,150.327
1,319
9,358
582,325
382,097
31,860
114,404
Income from operating activities
40,403
50,318
Income from investments
Financial income
Financial expenses 1)
7
3,670
46,278
12
7,730
50,788
Result before tax
–2,198
7,272
Taxes on income 1)
5,044
4,026
–7,242
3,246
–40
11
–7,202
3,235
in € thousand
Revenue
Other own work capitalised
Other income
Cost of materials
Staff costs
Depreciation Other expenses 1) Income
Result of non-controlling interests
Net income/income attributable to shareholders
of SAG Group GmbH 1)
Adjustment due to IAS 19 (revised 2011)
Cash Flow Statement
37
Cash Flow
Statement
of the SAG Group
for the period from 1 January to 31 December 2013
2013
2012
Income 1)
of which: paid operating interest (guarantee fees and working capital loans)
Interest payments from long-term credit financing
Depreciation, amortisation, impairment losses
Changes in provisions (excluding provisions for taxes) 1)
Changes in deferred taxes 1)
Income from the disposal of non-current assets
Other non-cash income/expenses
Changes in working capital
–7,242
–3,340
15,375
31,174
1,303
3,243
–807
6,777
–400
3,246
–2,507
20,168
31,860
–8,994
2,821
351
6,574
50,200
Cash flows from operating activities
49,423
106,226
–25,464
4,333
–29,671
4,520
–8,396
700
–5
0
Cash flows from investing activities
–28,827
–25,156
Raising of financial debt Repayment of financial debt
Interest payments from long-term credit financing
Fees for the set-up of finance
49,940
–36,759
–15,375
–8,176
21,992
–76,915
–20,168
0
Cash flows from financing activities
–10,370
–75,091
Net cash change in cash and cash equivalents
Changes in the group of consolidated companies
Effects of changes in foreign exchange rates and other changes in value
of cash and cash equivalents
Change in restricted cash and cash equivalents
10,226
415
5,979
1
–180
–397
691
0
Change in cash and cash equivalents
10,064
6,671
Cash and cash equivalents at the beginning of the reporting period
100,487
93,816
Cash and cash equivalents at the end of the reporting period
110,551
100,487
in € thousand
Intangible assets/property, plant and equipment
Capital expenditure
Proceeds from disposals of non-current assets
Acquisitions and investments
Acquisition of investments
Deinvestment
The cash flows from operating activities contain paid income taxes of € 2,941 thousand (2012: € 3,477 thousand) and income tax received of
€ 2,704 thousand (2012: € 2,130 thousand) and interest received of +€ 336 thousand (2012: +€ 1,610 thousand).
1)
Adjustment due to IAS 19 (revised 2011)
38
SAG Group GmbH, Report for the Business Year 2013
List
of Affiliated
Companies
(As of: 31 December 2013)
Amount of holding
according to Section 16 AktG
direct
%
indirect
%
No., name and headquarters
Affiliated companies
– included in the consolidated financial statements of
SAG Group GmbH
1. Bohlen & Doyen Bauunternehmung GmbH, Wiesmoor
2. Bohlen & Doyen Service und Anlagentechnik GmbH, Wiesmoor
3. Elektrovod a.s., Brno, CZ
4. Entreprise Roger – Société Générale des Travaux d'Électricité
SAS, Béziers, FR
5. InfoGraph GISMobil GmbH, Ramstein-Miesenbach
6. SAG Beteiligungs GmbH, Langen
7. SAG Dandl GmbH, Ergolding
8. SAG Elbud Gdańsk S.A., Gdańsk, PL
9. SAG Elbud Kraków Sp. z o.o., Kraków, PL
10. SAG Elektrovod a.s., Bratislava, SK
11. SAG EMG a.s., Pilsen, CZ
12. SAG Erwin Peters GmbH, Hamburg
13. SAG France SAS, Jouy-aux-Arches, FR
14. SAG GmbH, Langen
15. SAG Hungaria Kft., Budapest, HU
16. SAG Immobilien GmbH, Langen
17. SAG International GmbH, Langen
18. SAG Mérnökiroda Kft., Budapest, HU
19. SAG Thépault SAS, Jouy-aux-Arches, FR
20. SAG Vigilec SAS, Saint-Pourçain-sur-Sioule, FR
21. SEG LiPro Energietechnik GmbH, Zorbau
22. STT – FRANCOMAT SAS, Écrouves, FR
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
List of Affiliated Companies
39
Amount of holding
according to Section 16 AktG
direct
%
indirect
%
No., name and headquarters
– not included in the consolidated financial statements of
SAG Group GmbH ***
23. Avenir LS GIE, Jouy-aux-Arches, FR **
24. Bohlen & Doyen B.V., Groningen, NL
25. Elektrovod Rozvádzače s.r.o., Bratislava, SK
26. Elektrovod Stav s.r.o., Bratislava, SK
27. ELV-SERVIS spol. s.r.o., Bratislava, SK
28. SAG Energy Infrastructure Ltd., Loughrea, County Galway, IE *
29. SAG Immobilien Verwaltungs GmbH, Langen
30. SAG Leitungsbau Service GmbH i.L., Ergolding
31. SAG THÉPAULT-VIGILEC GIE, Jouy-aux-Arches, FR
32. Tamar Vermögensverwaltung GmbH, Langen
*
Founded in 2011, no operating activities as yet
** Founded in 2013
***Pursuant to Section 313 (2) No. 4 of the German Commercial Code, the information on
shareholders’ equity and result from the last annual financial statements is not disclosed
60
100
100
100
100
100
100
100
100
100
40
SAG Group GmbH, Report for the Business Year 2013
Supervisory
Board and
Management
Supervisory Board
Dr Peter Grafoner
Management Consultant,
– Chairman of the Supervisory Board –
Bruno Neumann *
First Authorised Representative of IG Metall,
Administrative Office Essen
– Deputy Chairman of the Supervisory Board –
Fredrik Åtting
Investment Consultant
(from 24 June 2013)
Tomas Aubell
Investment Consultant
(until 23 June 2013)
Jörg Bauer *
Head of the Human Resources
Functional Area of SAG GmbH
(until 23 April 2013)
Andreas Böwing
Head of Control Network Regulation
of RWE Deutschland AG
(until 23 April 2013)
Ulrich Dallüge *
Commercial Manager
of the North Region of the
Services Germany
business area of SAG GmbH
(from 13 January 2014)
* Member of the employee representatives on the Supervisory Board.
Klaus Els *
Chairman of the Works Council of Andernach
business establishment of SAG GmbH
(until 23 April 2013)
Wolfgang Eschen *
Deputy Chairman of the Group Works Council
of SAG Group GmbH, Chairman of the
Central Works Council of Bohlen & Doyen
Bauunternehmung GmbH
(from 23 April 2013)
Martin Fuchs
Chairman of the Management
of TenneT TSO GmbH
Robert Grashei *
First Authorised Representative of IG-Metall –
Administrative Office Landshut
(until 23 April 2013)
Fabian Gröne
Investment Consultant
(from 22 May 2013 to 31 December 2013)
Klaus Hofmann
Chairman of the Management
of Minimax Viking GmbH
(from 23 April 2013 to 17 May 2013)
Wolfgang Jägers *
Regional Manager Weser-Ems of IG-Bau
(from 23 April 2013)
Supervisory Board and Management
41
Management
Dr Johannes F. Lambertz
Doctor of engineering
(from 23 April 2013)
Dr Herbert Lütkestratkötter
Management Consultant
(from 23 April 2013)
Bernd Mittler *
Chairman of the Group Works Council
of SAG Group GmbH, Chairman of the
Central Works Council of SAG GmbH
Christoph Müller
Member of the Management Board
of EnBW Regional AG
(until 23 April 2013)
Wolfgang Neldner
Management Consultant
(until 23 April 2013)
Andreas Pietz *
Chairman of the Works Council of the Chemnitz/
Dresden branch of SAG GmbH
Jürgen Wild
Management Consultant
(from 1 January 2014)
Maik Wortmeier *
Head of North Region of the Services Germany
business area of SAG GmbH
(from 23 April 2013 to 31 December 2013)
Joakim Olsson
Chief Executive Officer
Sven Behrend
Chief Technology Officer
Thomas Kleibl
Chief Financial Officer
42
Imprint
Imprint
Publisher
SAG Group GmbH
Pittlerstraße 44
63225 Langen
Germany
Telephone
Fax
E-mail
Internet
+49 6103 4858-0
+49 6103 4858-389
[email protected]
www.sag.eu
Contact/
Editors
Layout
Print
Images
Markus Golde, Corporate Communications
SCHOENE AUSSICHT
Ideenagentur GmbH, Fulda
Grunewald GmbH, Kassel
Bohlen & Doyen: page 13
istockphoto: page 01 (Titel), 31
SAG Elbud Gdańsk: page 20
SAG Elektrovod: Page 22
SAG GmbH: Page 11, 12, 15, 16, 17,
18 – 19, 23, 27, 28, 32, 33
SAG Thépault: Page 21
Stefan Wildhirt: Page 05
vor-ort-foto.de:
Page 08 bis 09 – Frank Räcker,
Page 29 – Antje Berodt
The Report for the Business Year 2013
is also available in German.
SAG Group GmbH, Report for the Business Year 2013
43
SAG Group GmbH | Pittlerstraße 44 | 63225 Langen | Germany
T +49 6103 4858-0 | F +49 6103 4858-389
E [email protected] | www.sag.eu