Dear Shareholders and Business Partners,
We can characterise the year 2012 in brief as a successful year.
We managed to keep the trend which started in 2011. In 2012, the sales, as expressed in tonnes, increased by 60 tonnes compared to 2011. As a result of sales activities, in 2012 revenue was MCZK 4 163 and profit before tax amounted to MCZK 171.
Key performance indicators describing the Company's financial results were met in 2012. Also, the banking covenant that is important to retain the long-term loan (a 5-year loan due in 2016) reached a stabilised and satisfactory level. Cost savings, simplification and more efficient management control system are factors which have positively influenced growth of productivity and profitability.
The ability of the Company to use in sales activities its product advantage consisting in manufacture of flexible packaging materials had a positive impact on the results. While the supplies to the building and engineering industries showed a drop or stagnation, the Company concentrated on increasing the share of engagements for the food and beverage industry as well as for the automotive industry.
The Company achieved the necessary growth in equity, which contributed to its financial stability.
For the coming period it is important to ensure long-term financial performance of the Company. This provides the basic conditions for gradual fulfilment of the Company´s investment strategy that will be discussed by the Board of Directors in 2013.
I would like to thank business partners, employees and the shareholders of the Company for their cooperation and the results achieved in 2012.
Ing. Petr Otava, CSc.
Chairman of the Board
|< Prev||Next >|