Plant and engineering
The plant and engineering sector is one of Germany’s most economically important sectors of activity, as well as one of its largest employers. As a manufacturer of capital goods, the sector has traditionally focused heavily on exports, with around two third of Germany’s mechanical engineering production being exported.
Between businesses in the mechanical engineering sector, their suppliers, and their customers, there is a complex network of B2B and B2C relationships which results in the sector being dominated by companies that are vertically integrated to differing extents.
Working with our external partners, we can address specific issues in relation to audit and audit-related consultancy for you, such as:
- Revenue recognition under German HGB accounting principles in the engineering sector, as well as taxes and fees, and financing in an international context
- Expatriate issues
- Investment financing.