Financial Results - PILSEN STEEL sro

Financial Results
SELECTED ECONOMIC PARAMETERS [in CZK 000, in CAS]
Parameter
Production costs of goods
Total sales
of which export
Value added
Profit (loss) before tax
Profit (loss) after tax
Total inventories
Employees – total average
– manufactoring average
– as at Dec. 31
Average monthly salary excluding social
charges [in CZK]
Average productivity [in CZK per head]
ŠKODA, HUTĚ, Plzeň, s.r.o.
ŠKODA STEEL s.r.o.
ŠKODA, HUTĚ, Plzeň, s.r.o.
ŠKODA STEEL s.r.o.
ŠKODA, HUTĚ, Plzeň, s.r.o.
ŠKODA STEEL s.r.o.
2004
2005
2006
824 227
848 159
997 455
2 184 988
3 049 294
3 877 459
824 478
751 926
1 095 027
2 065 306
2 819 451
3 494 388
439 333
422 375
509 914
1 511 394
2 157 661
2 812 880
ŠKODA, HUTĚ, Plzeň, s.r.o.
163 362
25 780
248 651
ŠKODA STEEL s.r.o.
481 008
756 206
1 090 744
ŠKODA, HUTĚ, Plzeň, s.r.o.
244 221
-114 596
148 335
68 850
221 611
405 749
244 221
-114 596
264 488
68 850
211 917
305 247
ŠKODA, HUTĚ, Plzeň, s.r.o.
117 836
201 788
99 812
ŠKODA STEEL s.r.o.
412 997
481 578
732 708
ŠKODA, HUTĚ, Plzeň, s.r.o.
494
479
416
ŠKODA STEEL s.r.o.
696
697
730
ŠKODA, HUTĚ, Plzeň, s.r.o.
364
354
321
ŠKODA STEEL s.r.o.
488
492
507
ŠKODA, HUTĚ, Plzeň, s.r.o.
502
459
411
ŠKODA STEEL s.r.o.
ŠKODA, HUTĚ, Plzeň, s.r.o.
ŠKODA STEEL s.r.o.
ŠKODA STEEL s.r.o.
ŠKODA HUTĚ Plzeň s.r.o.
ŠKODA STEEL s.r.o.
694
694
747
21 372
20 853
22 286
24 521
25 262
26 274
ŠKODA, HUTĚ, Plzeň, s.r.o.
325 422
56 166
597 719
ŠKODA STEEL s.r.o.
691 103
1 084 944
1 494 170
2007*
2008*
2009*
5 809 672
6 594 270
4 393 605
5 422 712
5 959 993
4 330 736
4 605 275
5 219 888
3 615 077
1 656 469
1 848 923
1 550 009
768 397
916 055
466 424
608 840
694 783
397 989
990 857
1 330 757
1 057 197
1 162
1 136
1 044
795
802
743
1 128
1 176
935
27 079
29 918
28 764
1 425 533
1 627 573
1 484 683
*) PILSEN STEEL s. r. o.
PILSEN STEEL s.r.o. | Tylova 1/57 | 316 00 Plzeň | Czech Republic
Tel.: +420 378 132 106 | Fax: +420 378 134 097 | www.pilsensteel.cz
2009
Dear customers,
dear business partners, dear associates,
Structure of sales by product group
Shafts for windmills
19,3 %
the year 2009 was for the company PILSEN STEEL s.r.o. in spite
of the worldwide world crisis the year of very good business and
economic results.
We managed to keep a significant position in the world market. In
2009, we sold our products in total amount of 4.33 billion CZK,
despite of forfeiture demand for our goods on the world markets.
In 2009, the company PILSEN STEEL s.r.o. realized a pre-tax
profit of 466 million CZK. With regard to deepening worldwide
crisis we may consider this result very good. These results were
achieved through the timely adoption of economy measures, the
procurement strategy was amended, and the number of employees
has been reduced to match the order fulfilment. At the same time
the intensity of our sales activities increased, particularly in finding
new markets and purchasers.
Our company attained good results also in manufacture rejection
rate. The achieved percentage of rejects and reclamations in
ratio of total sales for 2009 is 1.33 % which places our company
between the best companies in this field in the world.
External ingots 7,6 %
BALANCE SHEET
[in CZK 000, in CAS]
as of
31. 12. 2009
as of
31. 12. 2008
ASSETS total
3 553 806
4 021 855
Fixed assets
1 734 092
1 579 346
Current assets
1 819 205
2 441 852
509
657
LIABILITIES total
3 553 806
4 021 855
Equity
1 752 548
1 426 432
Liabilities and reserves
1 801 258
2 595 349
0
74
Other assets
Other liabilities
In 2009, the long term strategy of modernization and reconstruction
of existing processing machines and equipment continued,
including purchase of new modern technologies. With investment
in these facilities in a total amount of more than 470 million CZK,
we continued our trend in increasing the competitiveness of our
company in the world market.
The expected significant events of 2010 include the necessary
reconstruction of the Great forging press and the preparation and
completion of certification in accordance with ASME and RCC-M
Standards. This certification will allow us to become a qualified
supplier of forged and cast products for nuclear energetics.
The Company presupposes that the year 2010 will be one of the
most challenging periods in our longstanding history and believes
that due to our business activities will pass muster in this year.
At the same time, we would like to express our great appreciation
to all our associates for their commitment and professionalism
which contributed to the further successful year of operation of
the company PILSEN STEEL s.r.o.
Pilsen, 12th March 2010
Ing. Martin Novák
Executive, CEO
Rotors 12.0 %
INCOME STATEMENT [in CZK 000, in CAS]
2009
Revenues from own products,
services and goods
Change in inventory of own production
Capitalised costs
Production consumption
4 330 736
-206 928
269 797
2 843 596
Value added
1 550 009
Personnel expenses
Taxes and fees
Depreciation of tangible and intangible
fixed assets
Change in reserves and provisions
542 136
1 343
External forgings 0,7 %
Others 2,5 %
Crankshafts
22,5 %
Castings & Patterns
31,1 %
Structure of sales by countries
Denmark
7,6 %
Italy
10,0 %
India
5,1 %
Netherlands
4,4 %
China 2,8 %
Korea 2,8 %
Spain 2,5 %
Switzerland 1,3 %
USA 1,1 %
Russia
10,8 %
Others
4,2 %
-98 069
108 823
297 876
Operating profit (loss)
699 368
Financial revenues
Financial expenses
31 849
264 792
Profit (loss) before tax
466 425
Profit (loss) of accounting period
Shafts for ships 2,0 %
216 178
Other operating revenues
Other operating expenses
Income tax
Rolls 2,3 %
68 438
397 987
Czech Republic
16,5 %
Germany
30,9 %