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Elevator in figures
Elevator continued all operations * before taxes and minority interest
			2003/2004		2004/2005
Order intake	million €		3,767		4,151
Sales	million €		3,569		3,773
EBITDA	million €		447		418
Income*	million €		370		352
Employees (September 30)			31,699		34,151

The success of our cross-selling strategy – the sale of different products to one customer – was clearly demonstrated by ThyssenKrupp Elevator in fiscal 2004/2005, the "year of the airport orders". We received orders from 15 international airports for over 500 elevators, 400 escalators and moving walks as well as 40 passenger boarding bridges – more than ever before. Our key customer is Dubai Airport, which ordered 123 passenger boarding bridges in the past year and, including the latest orders, has purchased equipment from us worth a total of 150 million US dollars. Barcelona Airport ordered 122 elevators, 45 escalators and 75 moving walks, while 60 elevators, 51 escalators and 23 passenger boarding bridges will be supplied to Cairo Airport. We attracted further airport orders from Ankara, Beijing, Dalaman, Frankfurt am Main, London Heathrow, Paris, Shanghai Pudong, Warsaw and Zurich. In the year under review, we repeatedly demonstrated our ability to handle such major orders in airport projects at Dallas/Fort Worth (182 installations), Toronto (259 installations) and Madrid Barajas (284 installations).

ThyssenKrupp's expertise is also in demand for some of the world's biggest high-rise projects. With a height of 492 meters and 101 floors, the Shanghai World Financial Center will be the tallest building in the world when it is completed at the end of 2007. We are supplying 42 elevators for this project, including four double-deck elevators which with a speed of ten meters per second will be the fastest such units ever built. Elevators from ThyssenKrupp are also being installed in what will be Europe's tallest skyscraper – the Moscow Federation Tower. After completion in 2007, the building will measure 420 meters from the ground to the tip of the roof antenna and will feature eleven of our advanced TWIN elevator systems.

Innovation, international presence and service – the keys to market success

The expansion of the Elevator segment has been helped by our own innovations in elevators and moving walks, the acquisition of successful companies in various regions of the world, and the implementation of our global service strategy.

More and more building owners around the world are showing an interest in the innovative TWIN system. The first TWIN order from outside Germany was received in 2004 for the Oceanic Center in Valencia/Spain. This elevator system features two cars operating independently in one hoistway, helping resolve bottlenecks and freeing up useful building space. It can also be adapted to the particular features of a building. It was these advantages which helped Elevator win the order for eleven TWIN systems for the Moscow Federation Tower. Thanks to the TWIN, ten fewer shafts are needed, allowing the space to be put to other uses. This order represented an international breakthrough for the TWIN system. Asia's first TWIN is now being installed in Seoul.

The "accelerating moving walk" has now been developed to market readiness. It is particularly suitable for use in airports, exhibition centers and shopping malls. This walk has an acceleration zone, a high-speed zone and a deceleration zone and allows passengers to cover distances of 150 to 1,000 meters in comfort and at twice their normal walking speed.

In addition to successful product innovations, the segment also acquired foreign companies with a strong presence in regions such as India, North America, Spain, Portugal, Italy, Sweden and Switzerland to further strengthen our international position and expand our service business.

Another part of this was the segment's Global Service Strategy, which combined various successful service initiatives into one project. Our aim is to grow faster in the high-end service business while continuing to meet ever increasing market requirements. To this end we are continuously improving the skills of our service technicians and upgrading the technology at their disposal. Our customers receive made-to-measure service packages which maximize the availability and safety of their installations.

Reference projects around the world

ThyssenKrupp is supplying 14 elevators and escalators for the world's biggest dam project, the Three Gorges Dam on the Yangtze River in China. All systems will be supplied with special protection against humidity and rust. The order includes two 20-meter long outdoor escalators and two passenger elevators. In Madrid we are supplying 26 elevators for the Torre de Cristal as well as 32 elevators and 30 escalators for the Metro. In the year under review, 18 elevators were installed in the GAP-15 high-rise in Düsseldorf and now transport around 1,600 people every day. This standout office building successfully combines traditional elements with modern architecture.

For the sixth year in succession, ThyssenKrupp Elevator won a "Project of the Year" award from Elevator World magazine, this time for the elevator design in the Dynamic Earth interactive earth sciences center in Sudbury near Ontario. Set in a disused nickel mine, the Dynamic Earth project shows what life was like 120 years ago both above and below ground in the nickel mining community. One of the attractions is a glass elevator which transports up to 35 visitors to a depth of 20 meters below ground to visit the old mine works. The reduced-speed trip takes three minutes, giving passengers the chance to enjoy a spectacular multimedia show on the walls of the gigantic shaft.

**"Original wording changed on January 25, 2006".