Glossary
Artemis Beteiligungen I AG Affiliated company that is controlled by Michael Pieper and has been the main shareholder in Arbonia AG since December 2014.
BIM (Building Information Modeling) Describes a method of networked planning, execution and management of buildings and other constructions with the help of software. All relevant building data is digitally modelled, combined and recorded. The structure is also geometrically visualised as a virtual model.
Blind frame It is fixed in front of the wall opening and covers the wall. In contrast to the block frame and closed frame, the blind frame does not interfere with the reveal.
Block frame Is inserted and fixed in the door reveal. This reduces the passage width. Unlike the closed frame, there is no visible shoulder between the wall and the frame because it does not enclose the wall opening.
Cash flow Positive or negative surplus cash arising from commercial activity, measured over a certain period. Cash flow can be used to evaluate how financially strong a company is.
Cash flow from operating activities / Operating cash flow / Describes the liquid funds generated by the business activity in a given period. The operating cash flow includes the net income for the year, changes in depreciation, amortization, provisions and current assets.
Computerized Numerical Control (CNC) Refers to an electronic process for controlling machine tools which, through the use of control technology, are capable of automatically producing workpieces with high precision, even for complex shapes.
Consolidation The process of combining the individual annual account items of all the companies belonging to a group, in order to form a consolidated financial statement.
Controlled residential ventilation A mechanical form of ventilation, used for ventilating residences with heat recovery. An integrated heat exchanger is used to transfer heat energy from the exhaust air to the outside air supply. Residential ventilation ensures that air is replaced in the building at a defined rate, creating a hygienic means of air exchange.
Door rebate A distinction is made between rebated and unrebated doors for interior doors. This refers to the type of edge geometry: With a rebated door, i.e. a door leaf with an L-shaped edge, the door leaf does not lie flush in the frame, but lies lightly on the frame. These doors have the advantage that they cover the gap between the frame and the door leaf and thus close more tightly. There are also blunt or unrebated door leaves. The edge of the door leaf is straight, without rebate; door leaf and frame are on the same level.
EBIT Earnings Before Interests and Taxes: a company’s operating results before interest and taxes are taken into account.
EBIT margin Indicates EBIT in relation to revenue.
EBITDA Earnings Before Interests and Taxes, Depreciations and Amortization: a company’s operating results before interest, taxes, depreciation and amortization are taken into account. EBITDA is one of the most meaningful figures in evaluating a company’s earning power.
EBITDA margin Indicates EBITDA in relation to revenue.
Equity ratio Indicates the shareholders' equity in relation to total capital. It is used to assess a company's financial capacity and stability. If the equity ratio is high, you can assume that the company is less dependent on thirdparty funds.
Fan coil Depending on the temperature of the flow water for a connected water heater/chiller, fan coils are able to heat, cool and dehumidify a room, and are able to provide ventilation and the option of filtering indoor air in fan-only operation. This results in maximum comfort with optimum room air quality. A fan radiator is able to heat (but not cool) a room by means of convection when the fan is switched off.
Forend sash The sash of a double-leaf window without a fixed mullion that usually remains closed and serves as a stop for the other sash.
Free cash flow The operating cash flow minus cash flow from investing activities; illustrates how much cash remains free for shareholder dividends and/or any repayment of debt financing that may be required.
Free float The portion of the total number of a company’s shares that is not in fixed ownership. Small portions owned by private investors are also included in the free float, even though they are essentially in fixed ownership.
Goodwill In accounting, goodwill represents an intangible asset within the company that arises through the acquisition of other companies or parts of companies in return for payment.
Heat pump Draws its heat energy from the air, groundwater or soil, and uses this extremely efficiently to generate the heat required for heating drinking water and rooms. Compared to heat pumps, no other kind of heat generator is a more environmentally sustainable solution or is more fit for the future.
IAS 16 (International Accounting Standard 16) Governs the accounting for property, plant and equipment of an entity. The assets must be held by the company for the production of products or services, for rental or for administrative purposes. The assets must continue to be used for more than one year.
IFRS 16 (International Financial Reporting Standard 16) IFRS 16 is an accounting standard issued by the International Accounting Standards Board that requires listed companies that prepare their accounts in accordance with IFRS to include in their balance sheets all leases with a term of more than one year.
Installation depth Indicates the thickness of the window frame profile. It depends, among other things, on the number of air chambers in the window frame, but also on the thickness of the glazing that can be inserted into the frame.
Insulating glass/Multi-pane insulating glass (MIG) Also known as insulated glazing or double/triple glazing, is a construction element made up of at least two panes of glass and is used for windows or other glass features. The area between the panes is hollow and sealed against gas and moisture. This helps to keep noise out and heat in.
Laminated safety glass Consists of two or more glass panes joined together with highly tear-resistant, tough-elastic intermediate layers. In the event of mechanical overloading by impact and shock, the glass breaks, but the fragments adhere to the uninjured intermediate layer. This reduces the risk of injury and the glazing retains a residual stability.
Management system Includes all employees covered by an occupational health and safety management system based on legal requirements and/or recognised standards and guidelines.
Manufacturing Execution System Describes a level of a multi-level production management system that operates close to the process. The German term Produktionsleitsystem (production control system) is often used synonymously. Compared to similarly effective systems for production planning, the so-called ERP systems (Enterprise Resource Planning), the MES is characterised by the direct connection to the distributed systems of process automation and enables the management, guidance, control or monitoring of production in real time. This includes classic data collection and processing such as shop floor data collection (SFDC), machine data collection (MDC) and personnel data collection, but also all other processes that have a real-time effect on the manufacturing/production process.
Market capitalisation A company's stock market value. It is calculated using the number of shares x the current share price.
Net indebtedness The total that remains when cash and cash equivalents are deducted from non-current liabilities. This indicates how much cash would be available for repaying loans if the cash and cash equivalents were already used up and the company had to liquidate its current assets.
PIM (Product Information Management) The provision of product information for use in different output media or distribution channels as well as for different locations. The prerequisite for this is the media-neutral administration, maintenance and modification of the product information in a central system in order to be able to supply each channel with consistent, accurate information without a large expenditure of resources.
Reveal In building construction, refers to the vertical cut surfaces that occur in the masonry when openings for windows or doors are constructed in it. The door reveal is therefore the masonry surface that faces the door opening laterally, to the left and right.
Softforming In this process, a profile is milled onto an already coated panel, which is later coated with a special edge banding machine. This creates a joint at the point where the panel coating meets the edge. This contrasts with the postforming process, in which the profile is coated with the same coating as the panel after the milling process, so that no joint is created.
Stratified buffer storage Ensures that heat generation and heat consumption are decoupled. This means that heat can be generated independently of the time of consumption. The heat pump does not have to restart every time the radiator is turned on, for example. The stratified buffer tank therefore stores the heat energy generated by the heat pump and transfers it to the heating system and to the domestic hot water.
Surface heating A catch-all term covering various types of heating and cooling, and denotes a process in which heat is emitted or absorbed via the surfaces of the components in a building.
Thick edge A two-millimetre-thick edge band, exactly matching the colour of the door, is applied to the door rebate using a hot-air process. This guarantees high impact and shock resistance as well as a longer service life.