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2011 Annual Report
IN THE DEPTHS
OF SOUND
0 – 20 HZ

Table of contents

  • Page 1
    2011 Annual Report 0 - 20 HZ In the depths of sound

  • Page 2
    ... cameras or our headphones and microphones. Many of our high-end models register frequencies in the depth of the infrasonic range. Why, you might ask, when we can't even hear these frequencies at all? We at Sennheiser firmly believe that our customers not only want to hear sounds, they want to...

  • Page 3
    MANAGEMENT BOARD PeterDClaussenD D PresidentD D IntegratedDSystems DanielDSennheiserD President,DStrategyDandDFinance WE ARE SHAPING TODAY THE AUDIO WORLD OF TOMORROW - THIS IS THE DEMAND WE PLACE ON OURSELVES EVERY DAY PeterDCallanDD PresidentDD CcnsumerDElectrcnics VclkerDBartelsD President,...

  • Page 4
    ... app Store and download the free app "Layer" onto your smartphone. ïƒ Start the application on your mobile phone. ïƒ Hold the camera of your mobile phone over the motif so that it completely covers the picture. page 44 autHors & artIsts page 46 mastHEaD & coNtact page 47 2011 fINaNcIal rEport...

  • Page 5
    ... "boom box car" as a case in point. The reason we can hear it coming down the road for miles is that air does not absorb low-frequency sounds as well as it does high-frequency sounds. That's also why a plane produces white sound (a mixture of sound waves over a wide frequency) when flying directly...

  • Page 6
    ... headphones. After conducting thorough tests, oL decided to use Sennheiser headphones for all its studies on sound. Currently, orfield is using the new Sennheiser HD 700 whose specially tuned, highefficiency converters deliver high sound-pressure levels and a vented magnet system that minimizes air...

  • Page 7
    ... bodies I observe. The radiation sources I study have temperatures in excess of 1,000 times that of stars. using the law of physics, we know the radiation they emit also has a frequency of more than 1,000 times that of stars. whereas the electromagnetic waves emitted from a star's hot surface make...

  • Page 8
    ...Ray astronsound waves help us resolve these omy Group at the university of types of cosmological questions. cambridge, he has received numerliterally speaking, it's enough to ous scientific awards, including a make you "open your eyes and Gold medal from the Royal astronomical society - its highest...

  • Page 9
    ï,ƒ 0.1 Hz EARLY WARNING listening to the They are the superheroes of meteorology. From atop a high mountain, the German Aerospace Center warns the world of storms. storm's heartbeat 0.1 16

  • Page 10
    ï,ƒ 0.1 Hz EARLY WARNING 18

  • Page 11
    ... in search of these wondrous sounds - and to protect their leviathan vocalists. A love song 10 hertz: that's how deep the booming bellow of the male humpback whale can reach. During mating season, the males use the power of song to woo the females they fancy. That makes the male whales - sea...

  • Page 12
    ... their whtery grhves. riddled with fehr, some nights the sounds were hlmost too much to behr. Worse yet whs the knocking. T-e spirits -ad more on t-eir minds t-an singing t-eir -air-raising song of woe. T-ey wanted in. Sporting oval, wire-framed glasses and an ordinary, no-nonsense -aircut, Englis...

  • Page 13
    ...or solid-colored -oodie, Boisseau sports state-of-t-e-art -eadgear: black Senn-eiser HD 280 Pro -eadp-ones. T-e -eadp-ones are as indispensible to -is work as are -is computers and binoculars. Not only do t-ey offer uncompromising quality, spare parts are available anyw-ere in t-e world and t-ey are...

  • Page 14
    ..., DJs and sound tec-nicians. sennheiser HD 280 PRo Dynamic stereo -eadp-ones Frequency response 8-25,000 Hz Pick-up pattern Dynamic, closed Total -armonic 0.1 % distortion Weig-t 220 g 1. On board, Boisseau lisiens io ihe depihs wiih his Sennheiser HD 280 2. The research ship is equipped wiih...

  • Page 15
    ...Hz ï,ƒ 15 Hz SMOOTH OPERATOR BASS SCHOOL 110 million: that's how many albums Stuart Matthewman has sold with the band Sade alone. Other.... Whatever the genre, the power of deep tones fascinates him - as does music's ability to make people laugh. completely changed "Bass - it my life" When...

  • Page 16
    ... hear the sirens of police cars and ambulances. it adds to the vibe of new york city. apart from my studio, there are only offices in this building: management companies and lawyers. i try to keep quiet during the day and ratch it up at night. so far, nobody's complained. But my music's good, right...

  • Page 17
    ... about a certain character. In pop, low bass is usually used for positive effects. What drew you to these "feel-good low frequencies"? When i was 18 or 19, i played in a punk rock band in the north of england. one night, we supported the reggae group steel pulse. i managed to get on stage when they...

  • Page 18
    ...his ears. the Canadian artist is obsessed with the resonance of these deep sound waves. "I love catching people off guard," he admits, "and making them think." take one of his earlier installations, for example: subwoofers rock empty subway trains in a long-abandoned "ghost" station. "I'm fascinated...

  • Page 19
    ... drum kit. "Bringing sounds that people are usually not even aware of to the surface," he insists, "amplifies sound and creates a whole new world." It's a world he has longed for all his life. What with cars, hip-hop and the experimental music scene, society is already flooded with lower frequencies...

  • Page 20
    ... It's like some mysterious music of the night. Around the world, a deep vibrating bass is robbing people of their sleep. Humming to the beat of air conditioners, cities are the worst offenders. As researchers studying this phenomenon are discovering: our hearing is much more sensitive than we ever...

  • Page 21
    ...appeared. by February 2010, she couldn't deal fith the insomnia anymore and fled her home. today, she only returns to fater the plants - or let Krahé in to take measurements. in Germany, denmark and canada, hum hearers are banding together, forming associations, community groups and internet forums...

  • Page 22
    ... nefest electronics and eight analog channels make for dry bass tones to 18 hz Neumann KH 870 active studio subfoofer Free field frequency response bass impedance electrically balanced Weight 18-300 hz, ± 3 db 7.1 bass manager fith 80 hz crossover XLr, 8 x 13 kiloohm 47.1 kg denser microphone MKh...

  • Page 23
    ... Kristen Roos, it was a case of artist and writer mutually inspiring each other. After a day spent test driving the rhythmic hum of his new installations in Surrey, British Columbia, our author introduced him to the word "thrum," now the working title of his future sound work. For Hyslop - following...

  • Page 24
    ... 50 tom Haller 2011 SYMBoLS oF EXCELLEnCE to date, Sennheiser annual reports have been recognized with 17 Corporate Publishing awards. contac t SENNHEISER ElECTRONIC GMBH & CO. KG am Labor 1, 30900 Wedemark, Germany, www.sennheiser.com CONTACT FOR pRESS RElATIONS AND pUBlICITy: Global Corporate...

  • Page 25
    ... world's largest sports events. 46.5 500,000 48 1,000 guests can be seated in the theatre of the Mein Schiff 2 cruise ship renovated in 2011. Sound is carried from the stage to the guests using Sennheiser wireless systems. MD 421 microphones have been manufactured to date. The classic microphone...

  • Page 26
    ... the management of Sennheiser electronic Gmbh & Co. KG in its capacity as general partner. the registered presidents of the general partner were volker Bartels (Corporate Services and Speaker of the executive Management Board), dr. heinrich esser (professional Systems), daniel Sennheiser (Strategy...

  • Page 27
    ...l idated management report 2011 --- preliminary remarks as a parent company, sennheiser electronic gmbH & co. Kg is obliged to draw up consolidated financial statements. the company's production sites are located in Wennebostel (germany), tullamore (ireland) and albuquerque (new mexico, Usa). While...

  • Page 28
    ...the Usa and key emerging markets. private spending may cool but is not expected to crash. there are also no signs of a sudden deterioration in the labor market or rapidly falling pay deals. on the other hand, the german government has already indicated that it would increasingly subsidize short-time...

  • Page 29
    ... ] 400 300 200 100 0 2009 2010 americas 2011 2009 2010 EMEa 99.3 125.6 133.6 germany 88.7 (16.7 %) 8.0 +6.4 % 282.9 246.5 the sennheiser group closed financial year 2011 with total turnover of â,¬531.4 million and successful turnover growth of 14% against 2010. although the increasing strength of...

  • Page 30
    consolidated management report 2011 consolidated management report 2011 TURnOVER BY PRODUcT GROUP in % Wireless Microphones 26.4 % Sennheiser communications 9.2 % Wired Microphones 7.4 % audiology 6.0 % Professional Headsets 4.8 % Georg neumann 3.6 % Integrated Systems 3.3 % Other 6.4 % While ...

  • Page 31
    ...the KH 120 speaker was added to the production range at tullamore, manufacturing continues to focus on headphone transducers and headphones. the site in albuquerque, new mexico, Usa was marked in 2011 by the switch from direct deliveries to the american sennheiser electronic corporation subsidiaries...

  • Page 32
    ...anD DEVElOPMEnT (R&D) the year opened with the launch of the sophisticated cXc 700 travel earphones, the first sennheiser travel line model equipped with digital noisegard technology. in order to improve everyday listening pleasure, a total of seven new models were added to the Hd 200 and 400 series...

  • Page 33
    ...generate additional profitability. Wennebostel, germany, march 31, 2012 the executive management Board Volker Bartels president, corporate services, and speaker of the executive management Board Dr. Heinrich Esser president, professional systems Daniel Sennheiser president, strategy and Finance...

  • Page 34
    ... construction iii. Financial assets 1. shares in associated companies 2. shareholdings 3. loans 4. indemnity claims 13,250.00 3,350.00 8,801.74 1,427,416.85 1,452,818.59 45,746,700.56 B. Current assets i. stocks 1. Raw materials and supplies 2. Work in process 3. Finished products and merchandise...

  • Page 35
    ... tHe FinanCial YeaR 2011 2011 (â,¬) 1. sales 2. Reduction (-)/increase of the inventory of finished and semi-finished products 3. other own work capitalized 4. other operating income 5. Raw materials and consumables a) expenditure on raw materials and supplies and on bought-in goods b) expenditure...

  • Page 36
    ... K+H Vertriebs- und entwicklungsgesellschaft mbH, Wedemark, Germany sennheiser Consumer electronics GmbH, Wedemark, Germany - sennheiser new mexico llC, albuquerque, Usa - sennheiser manufacturing Usa Corp., albuquerque, Usa - sennheiser Bondholding Company llC, albuquerque, Usa sennheiser Global...

  • Page 37
    ... Consolidated FinanCial state3ents 2011 C . prInCIpLES of ConSoLIdATIon the accounting and valuation principles used throughout the Group correspond to those applied in the annual financial statements of the parent company and to the consolidating accounting standards laid down under commercial law...

  • Page 38
    ....03 4,505,311.76 3,201 1,811 0 5,012 Currency differences aCQUisition and PRodUCtion Costs additions disposals transfers dec. 31, 2011 Jan. 1, 2011 Currency differences additions aCCU3Ulated dePReCiation disposals dec. 31, 2011 dec. 31, 2011 net BooK ValUes Previous year (â,¬ in thousands) 74 75

  • Page 39
    ... net profit owing to minority shareholders are credited to the company clearing accounts and are thus not included in the balance sheet profit. Special items contain the investment subsidies and advance payments granted to sennheiser Consumer electronics GmbH, Branch ireland, tullamore, ireland...

  • Page 40
    ... Germany (â,¬ 3illions) abroad 2011 1,177 1,006 2,183 PReVioUs YeaR 1,153 964 2,117 sales are structured as follows: (â,¬ 3illions) Headphones Wireless microphones sennheiser Communications Wired microphones audiology Professional Headsets Georg neumann integrated systems other Products sales...

  • Page 41
    ...Wedemark, Germany, - sennheiser Consumer electronics GmbH, Wedemark, Germany, - sennheiser logistics services GmbH, Wedemark, Germany, - sennheiser Vertrieb und service GmbH & Co. KG, Hanover, Germany. the parent company, in the form of a limited company within the meaning of section 264a HGB, makes...

  • Page 42
    ... the shares of profits of minority shareholders depreciation on items of fixed assets depreciation on current assets exceeding the usual depreciation increase in medium- and long-term provisions decrease in indemnity claims Changes in the special items Rate fluctuations relating to fixed assets...

  • Page 43
    ..., 2011 Previous year status as of dec. 31, 2009 Credit to shareholder settlement accounts other changes Group net profit for the year other group result total group result status as of dec. 31, 2010 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 limited partners' deposit 5,200,000...

  • Page 44
    ... of sennheiser electronic GmbH & Co. KG, Wennebostel, Germany, for the financial year from January 1 to december 31, 2011. the maintenance of the books and records and the preparation of the consolidated financial statements and consolidated management report in accordance with German commercial law...

  • Page 45
    www.sennheiser-annualreport.com COVER PHOTO To visualize infrasound, artist Martin Klimas used vihrating pigments on a loudspeaker memhrane. Infrasound has frequencies helow 20 Hz. That is outside the threshold of human hearing. 080895 Printed in Germany