So I come from the sales of high-quality machines for construction and agriculture.
Unfortunately, I cannot share the general optimism here. Anyone can try to buy a Bobcat excavator or a crane. In the agricultural sector, orders are sometimes no longer even accepted because nothing can be delivered anymore.
It's no different with the Mercedes G-Class. Exactly!
A German manufacturer buys thousands of washing machines because an important chip needed in vehicles is located on their circuit boards but is not available. Then the chip is removed, the washing machines are scrapped just to be able to deliver vehicles at all. A chip that once cost 2 euros is now being offered for 400 euros.
Therefore, there are only vague statements regarding delivery capabilities. A delivery date in 2024 is certainly the more optimistic variant. That’s the topic of high technology at the export world champion.
Many steel grades were only available from the Mariupol steel plant in Ukraine. The problems arising from that alone are already putting us under great pressure.
But some people here get all riled up. I just spoke with a family who still paid 14 percent mortgage interest rates in 1991. And here people complain when rates don’t go below 1 percent anymore.
How far prices can fall, we know. 100 percent. It can’t go any lower mathematically. Price increases can go to infinity. There is no ceiling upwards.
I have one more small, very interesting example.
In 1960, a cubic meter of spruce wood cost 20 mason hours. In 2022, a cubic meter costs just 120 euros and corresponds roughly to the value of 2 mason hours. Either mason hours are now considerably too expensive, or spruce wood is significantly too cheap despite previous price increases. Everyone can do their own calculations.