Management System

Management Model

Our corporate governance is based on our corporate strategy, which we successfully continued in the 2017 fiscal year. Details can be found in the Strategy chapter above. As part of the management of the company, we make a distinction between three segments: Rental, Value-add Business (formerly known as “Extension”) and Sales.

Performance Indicators

Our management system has a modular structure and makes a distinction between performance indicators at Group level (most meaningful performance indicators within the meaning of DRS 20) and those at segment level.

In order to ensure that our business activities are focused on growing the value of the company in the long term, we have an integrated Group planning and controlling system in place that is based on central performance indicators. Based on the medium-term plans derived from our strategy, which are subject to an annual review and are updated during the year in the event of significant transactions, we prepare a budget for all areas of the Group. In the course of the fiscal year, current business developments are compared with these targets and the current forecasts on a regular basis for all key figures that are relevant to control. The business is then steered accordingly in a targeted manner, with any necessary countermeasures being initiated and tracked.

Management Model Vonovia (graph)

We make a distinction between financial and non-financial performance indicators.