

Dear Readers,

Panta rhei – everything flows. That was the motto by which ECE founder Werner Otto (1909–2011) lived his life. The changes he lived through put some of today’s upheavals into perspective.
Still, we are living in a time of dynamic change. What matters is not whether you think that’s a good or a bad thing, but what you do about it. Do you let yourself be carried along with the flow? Or do you unfurl your sails, try to set your own course, and seize the opportunities available to you?
We have made a lot of changes in the past few years – to our business models, structures, processes, IT systems – so that we can help to set the course of the future. This report describes the results of those changes, as well as our future plans and strategies.
There’s only one thing we haven’t changed: our values. Because it’s precisely when the seas are stormy and visibility is poor that you need a lighthouse to help you keep your bearings.
Alexander Otto
CEO ECE Group
Claudia Plath
CFO ECE Group