The EJOT magazine
Dear partners of the EJOT Group,
The spring issue of moment marks the start of a politically eventful and – at least in Germany – economically mixed year. Eventful because around half of the world's population will be called to vote in elections this year, in Europe for example in the European elections at the beginning of June. The European elections are perceived as less important in our country. In my view, this is a clear error, as the activities and regulations from Brussels have a major impact on our economy and our companies. I would like to quote Professor Henning Vöpel from the Centre for European Politics, a European think tank: “A strong commitment to Europe is particularly important in these times, despite all the criticism that can and must be levelled at the EU. We are concerned to see how Russia's dictator Vladimir Putin is trying to divide Europe with his disinformation campaigns. And a commitment by Europeans to Europe would also be extremely helpful vis-à-vis the USA, which will elect its president in November.” In view of the weaker economic development of our home continent, it also seems important to me that we get involved, go to the polls and do our bit to strengthen Europe. For an economy and a society that abides by the rules, keeps an eye on the “big picture” and strives for the common good.
This is also important for our economy and for our business group. This issue of moment contains the abridged version of our Annual Report 2023, documenting the increasingly weaker economic development of the past year, which reached its lowest point to date in the first quarter of 2024. This also applies to our Group. On the surface, the increased sales and employment figures indicate strong growth. However, this growth is mainly due to the first-time consolidation of our North American Fastening activities. So far, this has mainly been a strengthening on paper. Our task is to develop this into a strengthening for our customers and our Group.
The economic wind is currently blowing in our faces. After years of extraordinary crises, such as COVID, the war in Ukraine, energy costs, etc., where we all instinctively knew that we had to make a huge effort, economic crises are dangerous.
We always hope for an improvement in the next month, but this is usually a long time coming. Fortunately, it is in our DNA to take action, improve products and processes and keep our costs under control.
Yours sincerely
Christian F. Kocherscheidt
Managing Director
The spring issue of moment marks the start of a politically eventful and – at least in Germany – economically mixed year. Eventful because around half of the world's population will be called to vote in elections this year, in Europe for example in the European elections at the beginning of June. The European elections are perceived as less important in our country. In my view, this is a clear error, as the activities and regulations from Brussels have a major impact on our economy and our companies. I would like to quote Professor Henning Vöpel from the Centre for European Politics, a European think tank: “A strong commitment to Europe is particularly important in these times, despite all the criticism that can and must be levelled at the EU. We are concerned to see how Russia's dictator Vladimir Putin is trying to divide Europe with his disinformation campaigns. And a commitment by Europeans to Europe would also be extremely helpful vis-à-vis the USA, which will elect its president in November.” In view of the weaker economic development of our home continent, it also seems important to me that we get involved, go to the polls and do our bit to strengthen Europe. For an economy and a society that abides by the rules, keeps an eye on the “big picture” and strives for the common good.
This is also important for our economy and for our business group. This issue of moment contains the abridged version of our Annual Report 2023, documenting the increasingly weaker economic development of the past year, which reached its lowest point to date in the first quarter of 2024. This also applies to our Group. On the surface, the increased sales and employment figures indicate strong growth. However, this growth is mainly due to the first-time consolidation of our North American Fastening activities. So far, this has mainly been a strengthening on paper. Our task is to develop this into a strengthening for our customers and our Group.
The economic wind is currently blowing in our faces. After years of extraordinary crises, such as COVID, the war in Ukraine, energy costs, etc., where we all instinctively knew that we had to make a huge effort, economic crises are dangerous.
We always hope for an improvement in the next month, but this is usually a long time coming. Fortunately, it is in our DNA to take action, improve products and processes and keep our costs under control.
Yours sincerely
Christian F. Kocherscheidt
Managing Director
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