Annual report 2019

INTRODUCTION OF THE CHAIRMAN OF THE BOARD OF DIRECTORS Dear Shareholders, The economic results of Železiarne Podbrezová a.s., and our entire Group in 2019 were very good. However, metallurgy in Europe and worldwide is in a very difficult situation. In Europe, demand has fallen by more than 40%. Moreover, metallurgy is developing in the US, China and India. The primary problem is that the economy, the construction industry and related industries will not be able to function without metallurgy. Ing. Vladimír Soták Chairman of the Board of Directors and Chief Executive Officer

RkJQdWJsaXNoZXIy MzU1NTI=