Annual report 2014

Table of contents INTRODUCTION FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS ........................................ 2 COMPANY INFORMATION ........................................ 4 Board of Directors ........................................ 4 Supervisory Board ........................................ 6 Key Information ........................................ 7 Key Performance Data ........................................ 8 Production and Sales ........................................ 10 ........................................ REPORT BY THE BOARD OF DIRECTORS ........................................ 12 Business Activity ........................................ 13 Enviromental Policy ........................................ 17 Human Resources ........................................ 18 Report on Assets and Financial Management ........................................ 23 Report on the Activities of Consolidated Entities ........................................ 28 Business plan ........................................ 35 Conclusion ........................................ 36 INFORMATION FOR SHAREHOLDERS ........................................ 38 REPORT ON THE ACTIVITIES OF THE SUPERVISORY BOARD ........................................ 40 CONSOLIDATED FINANCIAL STATEMENTS ........................................ 42 CONTACT ........................................ 68