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maxingvest-AR14 vorne-engl

1414 Annual ReportAnnual Report berseering 18 22297 Hamburg AG is the holding company for the Tchibo and Beiersdorf operating companies. maxingvest ag holds a 100% stake in Tchibo GmbH and controls more than 50% of the voting rights of Beiersdorf AG. As a management holding company, maxingvest ag monitors and supports its subsidiaries, which operate ag is committed to PRESERVING AND ENHANCING ADDED VALUE and increasing it in the long term. As a management holding company, we maintain strategic oversight of our equity investments, monitor their financial indicators and provide an economic foundation, allowing our operating companies to concentrate on their operating : 3,377 millionEmployees: 12,500* Tchibo GmbHHamburg, GermanyEduscho (Austria) GmbHVienna, AustriaTchibo (Schweiz) AGWallisellen, SwitzerlandTchibo Coffee S

006 TCHIBO is the market leader for roasted coffee in Germany, Austria, Poland, the Czech Republic and Hungary. It combines this expertise in coffee with an innovative, weekly changing range of consumer merchandise and services such as travel, mobile communi-

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