Annual report 2015

Železiarne Podbrezová a.s. Annual report 2015 Cooperation between our Company and banking institutions was exemplary, and we fully met all liabilities to suppliers in a timely manner. I appreciate the approach of our customers as, with very few exceptions, all funds for the sale of our products were paid and credited to our accounts. All depart - ments of Železiarne Podbrezová a.s. completed their tasks arising from 2015 plans. We also achieved good results in hiring new employees from our school and labour markets. The departments of Železiarne Podbrezová a.s. cooperated very well. Thanks to communication and the commitment of the entire team, we generated a profit, albeit lower than in 2014. This enabled us to create a good position ensuring that Železiarne Pod - brezová continues to be one of the top manufacturers of seamless hot-rolled and cold-drawn steel tubes in a time of change on European and global markets. Synergies with our subsidiary in Spain were used to the largest extent possible. I would like to thank everyone who helped in whatsoever way in completing the tasks set for 2015 and achieving these results. I highly appreciate the fact that in 2015, we made full use of the results of investments in technological processes and in - puts to technological processes associated with the produc - tion of hot-rolled tubes, expanded the range of our products and reduced the costs of raw materials. Everyone involved deserves our gratitude for these results. The Board of Directors and the Supervisory Board of Žele - ziarne Podbrezová a.s. believe that our Company will contin - ue to be one of the leaders providing their customers with top quality and a full service and thus enabling them to be successful along with us. We aim to follow our motto “OUR TUBES = YOUR SUCCESS”. Ing. Vladimír Soták Chairman of the Board of Directors and Chief Executive Officer Introduction from the Chairman of the Board of Directors 3