Annual report 2014

6eport b] tLe &oard oJ (ireGtors 3n tLe business aGtivities assets and ƤnanGial perJorQanGe in and inJorQation on tLe business plan 86A271)7A 8AP 8LanOs to tLeir produGt portJolio 86A271)7A and 8AP 7panisL GoQpanies strenKtLen tLe international posi - tion oJ tLe ŽP +639P as reKards tLe produGtion and sales oJ preGision Gold dra[n steel tubes. 8Le ]ear Gan be Gonsidered positive in terQs oJ pro - duGtion and eGonoQiG results. 8Le produGtion oJ preGision Gold dra[n steel tubes and proƤles at tLe ne[ produGtion plant in Aren]s de 1ar [as Kraduall] launGLed durinK tLe ]ear. As planned a t[o ]ear proNeGt involvinK a transJer oJ produGtion to o[n produGtion JaGilities [as GoQpleted [itL tLe GereQonial inauKuration on 1arGL . +iven tLe iQpleQentation oJ a Gapital proNeGt oJ Kradual re - loGation to ne[ produGtion JaGilities produGtion Gontinued in a liQited operatinK Qode tLrouKLout . -n tLe past ]ear botL 86A271)7A and tLe subsidiar] 8AP produGed tons oJ preGision steel tubes and proƤles. -n botL GoQpanies supplied tLeir GustoQers [itL tubes in tLe total aQount oJ tonnes oJ [LiGL tonnes [ere oJ o[n produGtion and Gonsolidated revenues JroQ tLe sale oJ QerGLandise produGts and serviGes totalled )96 tLousand oJ [LiGL )96 tLousand repre - sented tLe sale oJ QerGLandise JroQ Železiarne Podbrezová a.s. 9nder tLe aJoreQentioned Gonditions tLe Gonsolidated proƤt aJter ta\ aQounted to )96 . tLousand separate - l] 86A271)7A )96 . tLousand and 8AP )96 . tLousand . -nvestQents totallinK )96 tLousand [ere Qade in and tLe Gonsolidated assets as at (eGeQ - ber totalled )96 tLousand oJ [LiGL Gurrent assets aQounted to )96 tLousand. 3J tLe Gountries to [LiGL 86A271)7A sLipped its prod - uGts in tLe past ]ear tLe doQestiG 7panisL QarOet Govers . oJ tLe sale oJ o[n produGts and . oJ tLe total realised revenues. )9 1eQber 7tates 2ortL AQeriGa and Australia Gontinue to Lold tLeir doQinant QarOet sLares. +iven tLe Kradual inGrease in produGtion durinK tLe Ƥrst si\ QontLs tLe plan Jor is to ensure tLe reUuired voluQe and LiKL Uualit] oJ stead] supplies oJ produGts to our Gus - toQers. -n purGLasinK QerGLandise and entr] rod [e e\peGt a Qa\iQuQ use oJ all tLe s]nerKies [itLin tLe ŽP +639P. ProduGtion JoGuses on tLe Jastest possible optiQisation oJ tLe produGtion proGesses oJ tLe ne[ plant and reduGtion oJ produGtion Gosts. ŽʐA7 a.s. 87 Plze˂ a.s. -n tLe lonK terQ ŽʐA7 a.s. and 87 Plze˂ a.s. are leadinK pro - duGers in tLe 'zeGL Leav] industr] in tLe] Gontinued to strenKtLen tLeir positions GoQpared to tLeir )uropean and Klobal GoQpetitors. 8Le Klobal reGession in traditional sales territories Gontinued in and neKativel] iQpaGted botL GoQpaniesŭ operations. )speGiall] in siKninK ne[ Gon - traGts tLe GoQpetition triKKered e\Gessive pressure on tLe reduGtion oJ sellinK priGes. 'zeGL produGers are also Gon - stantl] e\posed to JoreiKn e\GLanKe risO despite ƤnanGial LedKinK operations. 8Le produGtion proKraQQe oJ ŽʐA7 a.s. GoQprises tLe supplies oJ inspeGtion and partinK lines JorQinK QaGLines Jor sQitL and drop JorKinK ƥat and voluQe QouldinK sGrap Qetal proGessinK eUuipQent Gast iron and duGtile Gast iron inKots and Jree JorKed produGts and pressinK tools Jor Lot and Gold ƥat and voluQe QouldinK. 6enovations and Qodernisations JroQ GoQplete produGtion sets to sin - Kle QaGLines ranO tLe GoQpan] aQonK tLe leadinK 'zeGL and )uropean produGers in tLis produGtion ranKe. All sup - plies to GustoQers are Qade b] tLe GoQpan]ŭs o[n e\ternal asseQbl] and LiKL Uualit] serviGinK. )\ports are an iQport - ant eGonoQiG indiGator and aGGounted Jor . oJ sales. *oreiKn GustoQers inGlude QaNor GoQpanies JroQ +erQan] 7lovaOia 6oQania 6ussia -tal] *ranGe 7pain 7[eden 9nited /inKdoQ 8urOe] and otLer Gountries. -n ŽʐA7 a.s. reported total revenues JroQ tLe sale oJ QerGLandise produGts and serviGes in tLe aQount oJ )96 tLousand '>/ Qillion oJ [LiGL QetallurKi - Gal produGtion aQounted to )96 tLousand JorQinK QaGLines to )96 tLousand rollinK Qills to )96 tLousand and otLer produGtion ũ enerK] tools and Gooperation to )96 tLousand . A Gentral Jeature oJ business aGtivities [as tLe devel - opQent oJ business relations [itL 'Lina and 7outL AQeriGa. -n terQs oJ Gapital e\penditure ŽʐA7 a.s. perJorQed tLe Qodernisation oJ teGLnoloK] eUuipQent in tLe total aQount oJ )96 tLousand '>/ . Qillion . 8Le av - eraKe LeadGount [as tLe averaKe salar] aQounted to )96 '>/ . *or tLe reported proƤt aQounted to )96 tLou - sand '>/ tLousand and in it [ill aKain be used to pa] out dividends to tLe parent GoQpan] sinGe tLe GoQpan]ŭs ƤnanGinK is Govered at . b] o[n Junds.. 8Le Qain tasOs oJ tLe &oard oJ (ireGtors Jor are JoGused on [inninK GontraGts Jor all produGtion lines. 3J partiGular iQportanGe [ill be tLe suGGessJul GoQpletion oJ proNeGts under developQent in AlKeria and :ietnaQ and