Annual report 2019

39 Železiarne Podbrezová a.s.: ANNUAL REPORT 2019 Sales revenues within the consolidation group amounted to EUR 344 036 thousand and the consolidated net profit amounted to EUR 8 395 thousand, ofwhichEUR8025 thousandpertained to the shareholders of Železiarne Podbrezová. There was a 13% decrease in consolidated revenues and a 54% decrease in profitability for the entire ŽP GROUP compared to 2018. Železiarne Podbrezová continues to be a reliable partner for many small and medium-sized entrepreneurs in the region and a number of established suppliers. As the largest employer in the region, the Company guarantees social security in the Brezno district and across the Banská Bystrica region. The Board of Directors of Železiarne Podbrezová a.s. would like to thank all our colleagues, as without their contribution, these results could not have been achieved. We would also like to extend our thanks to our suppliers, customers, financial institutions and all our business partners for their cooperation. We hope our good business relations will continue to develop successfully. We thank you for your trust. Approved by a decision of the Board of Directors on 27 May 2020 REPORT BY THE BOARD OF DIRECTORS ON BUSINESS ACTIVITIES, ASSETS AND FINANCIAL PERFORMANCE IN 2019 AND INFORMATION ON THE BUSINESS PLAN