Annual report for 2010
From the source of nature...
Dear Shareholders and Business Partners,
2011 brought significant performance growth for AL INVEST Břidličná, a. s.
Thanks to growing demand and business activities of the company we managed to increase order volumes in all market segments.
In 2010, the sales, as expressed in tonnes, increased by 19% year-on-year compared with 2009.
Demand from the automotive industry recovered signifi cantly, where the company mainly supplies foil materials. In the fi eld of thicker rolled semi-fi nished products we have seen a rise in demand for alloy materials.
Production responded fl exibly to the growing market demand by increasing performance. Production results were positively affected by a motivation scheme that ensured an increase in productivity in tonnes at reduced number of employees, which is viewed as highly positive.
Good production results and considerable growth in wages, however, were not suffi ciently refl ected in the company’s profi tability, in particular in the Břidličná location. The Board of Directors is critical of the insuffi cient profi tability of the individual activities of the aluminium division.
The Board of Directors sees signifi cant potential for improvement in the fi nancial results of the
aluminium division.
The overall results of the company were positively infl uenced by TAPA Tábor, which has been
steadily achieving a high level of effi ciency in its own activities, particularly in 2010. The Board of
Directors thanks them for these results.
In the second half of 2010, the Strategy for the Further Development of the Company in 2010–2013 was created and approved by the Board of Directors. This open document defi nes the directions for the company’s future development and will be continuously adjusted for new market findings.
The 2011 Business Plan responds to the needs of both the market and the company, placing
more emphasis on the overall effi ciency of our own activities, particularly in the area of aluminium production, and therefore on the necessary fi nancial stability of the company.
I would like to thank the shareholders, business partners and employees of the company for their
cooperation in 2010.
Ing. Petr Otava, CSc.
Chairman of the Board of Directors