Annual report 2019

16 Železiarne Podbrezová a.s.: ANNUAL REPORT 2019 The geographical structure of sales in 2019 did not change significantly compared to previous years. European Union countries remained our main markets in the following order: Germany, Poland, the Czech Republic, Italy, Slovakia, Hungary and Austria. There were no significant changes compared to previous years in the sectors in which our products were used. They are primarily used in the production of machinery and equipment (37%-42%), energy industry (30%-45%), hydraulic equipment, oil and gas transportation and the automotive industry. Changes in Total Sales by Geographical structure (Revenues in EUR ’000) 2015 2016 2017 2018 2019 Slovakia 30 293 27 422 26 301 26 140 24 568 Czech Republic 34 741 22 637 31 601 42 963 31 058 Other EU countries 137 014 122 278 156 718 193 156 169 024 Other European countries 9 024 10 586 13 471 17 008 13 198 USA 6 484 5 058 8 523 11 053 9 924 Other export 4 180 1 815 1 999 612 3 285 Total sales 221 736 189 796 238 613 290 932 251 057 Sales of Core Products in 2019 Total Sales of Products Slovakia - 6% Export - 94% tonnes EUR ’000 Share in sales tonnes EUR ’000 tonnes EUR ’000 Steel blooms 80 430 41 421 17% 48 24 80 382 41 397 Seamless hot-rolled tubes 125 632 110 506 46% 6 965 6 986 118 667 103 520 Precision seamless cold-drawn tubes 50 982 82 780 35% 3 523 6 099 47 459 76 681 Butt welding elbows and reducers 2 511 4 600 2% 85 171 2 426 4 429 Company store (1) 266 328 0% 266 328 - - Total 259 821 239 635 100% 10 887 13 608 248 934 226 027 (1) Retail of seamless and welded tubes and butt welding elbows. REPORT BY THE BOARD OF DIRECTORS ON BUSINESS ACTIVITIES, ASSETS AND FINANCIAL PERFORMANCE IN 2019 AND INFORMATION ON THE BUSINESS PLAN