Ladies and Gentlemen, Dear Shareholders,
From a financial performance perspective, 2014 can be considered a very successful year for the Company. AL INVEST Břidličná, a.s. met and exceeded its financial targets, generating CZK 4.14 billion in revenue from goods and reaching a production volume of 53 503 tones. Although the production volume slightly decreased compared with 2013, the Company generated a solid profit before tax of CZK 293.9 million.
Investment projects in 2014 were carried out in accordance with a newly approved development strategy. In April, the Company put into operation a new homogenizing furnace; in December, a new foil furnace. In addition, it began construction of a second foil furnace. The purpose of these furnaces is to provide a sufficient amount of quality foil for internal processing. To ensure the Company's competitive edge in printing production, a new UV flexographic printing machine was acquired and installed in a recently refurbished plant. The new printing plant now meets the strict sanitary requirements imposed by legislation, as well as our customers' criteria. Additional investment projects included the acquisition of a paint mixing facility and flexographic roll cleaners. In 2014 AL INVEST Břidličná, a.s. invested a total of CZK 171.8 million in improving the quality of its production and working environment.
In 2015 the Company will continue to develop, especially in the packaging production segment. The Company's business strategy has to address external pressures in response to the significant increase in the Crown-denominated price of primary aluminium, an input raw material.
Dear shareholders and business partners, let me thank you for your confidence in AL INVEST Břidličná, a.s. I would also like to thank the Company's employees for their cooperation and for the results that we achieved together in 2014.
Ing. Petr Otava, CSc.
Chairman of the Board of Directors
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