Ladies and gentlemen, dear colleagues,
Achieving better transparency in the profitability of a product or a product group in the format of a
Product Income Statement is essential for the long term success of a company.
However, a meaningful Product Income Statement cannot be achieved if the product hierarchy of
the company keeps changing frequently.
As a step towards a stable Group Product Income Statement we introduce a formal procedure for
change requests to the Group Product Hierarchy with a timing cycle, which will allow to present
the Group Product Hierarchy for the following year always in the Budget Instruction for that year.
Enclosed please find the Group Product Hierarchy Instruction valid as from 1 April 2015.