Annual review of 2016 and outlook for 2017


Dear customers and partners,
Dear co-workers,

Review of 2016

I would like to thank you, dear customers and business partners for the successful year 2016. I am
grateful for your confidence in our products, created with the impressive scientific knowledge of our
employees. We will continue to develop our products and create innovations to launch them with great
commitment into the market.

2016 can be described as an eventful year for GFD.
The long-term managing director and company founder, Hermann Löbich, retired from the company as
of 30.06.2016. We thank him for his work and wish him all the best.

On 01.07.2016, I, Erika Löbich, took over the running of the company. I look forward to continuing the
successful cooperation with all our customers and partners.
The GFD team and I will do our utmost to consolidate good business relationships and reinforce them
with our quality products as well as our renowned know-how.
The success of the foregoing year was not entirely matched in 2016, owing to the slackened economy
(see the forecasts of our economic associations, VDMA, etc.).
Nevertheless the acquisition of new customers is particularly worth noting as this will surely contribute
to healthy growth in the future.

Outlook for 2017

The development of the global economy is currently difficult to estimate.
The current and political developments in Europe as well as in other continents with important sales
markets for the GFD make a forecast difficult.
A decisive factor for a successful 2017 will be the exploitation of our know-how, the continuous further
development of our QM system at a high-quality level as well as the targeted marketing of our products.
A very important component is the continuity and intensification of our innovations.

It is a special pleasure for me to tell you that my son Sebastian Löbich
(Degree: Master of Engineering) has been part of the GFD team since September 2016.
Thus the succession in our home enterprise (2nd generation) has been optimally regulated through our
own "sources".

With this confidence, I would like to wish all our customers, partners and, of course, our employees a
successful 2017 business year.
We are optimistic and expect moderate growth in our industrial sector.

Yours faithfully,

Erika Löbich
Managing Director

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