Economic and financial results of producers of basic non metals

Economic and financial results of producers of basic NON metals in 2009 were
less than a year ago. The results of the industry are mainly the results of cement and lime,
articles of concrete, glass and ceramic materials (by about 22%, 26%, 24% and 11%
revenue department). In 2009 the sold production of non-metallic mineral products was less than r / ro 6.4%. Weaker financial results in 2009 are the result of weakening demand in the domestic market (export revenues represent 19% of the revenue department, but in some segments
are higher, such as in glass manufacturing 37%), while at the same time a large supply of construction materials, which resulted in unfavorable for the decline in producer prices (falls in
10-30%) of many products. In terms of annual production volume according to GUS fell y / y in the case of most products, the most in the case of sand-lime brick (31%), ceramic tiles (24%) and sanitary ware (20%), slightly less blocks of concrete (about 12%) and clinker
(14%), at least in the case of insulating glass (6%) and weight of concrete (1%).
In 2009, the decline in the cost sector (6%) less than the decrease in revenues (10%) contributed
to lower earnings (by 39% y / y), as well as self-financing resources for development (25%). Companies with foreign ownership (17% of companies chapter) generate 54% of the revenue department. Return on sales was significantly lower compared to the last four years, but remained higher than average in the industry. Department characterized by a strong differentiation - half of the companies did not achieve an average return on sales in the department (in the case of ROS D5 = 2.8%), indicating a significant share of companies with weak results. There is strong variation of the results of manufacturers of various products - reached the top cement producers (ROS = 20.4%), in the case of other products of ROS was 4.5% among ceramic producers, concrete products 4.1%, 2.8% glass. Financial liquidity remained at a satisfactory level, was reached at a somewhat longer compared with 2008 cycles of rotation of the obligations, accounts receivable and inventories. Weakened replacement process, which indicates a decrease in investment expenditures by 34% y / y and a smaller share of investment in depreciable (1.46 to 2.26 in 2008). Debt remained acceptable, and the coverage ratio
fixed capital assets in excess of the minimum required level of 1.0.
In the medium-term results of the chapter, along with a gradual upturn in the economy,
will stabilize, but will be far from the results of the boom period of 2007-2008. Results will be negatively affected by weak demand from residential and industrial, a lot of competition in the domestic market and the unstable situation on the markets of Central and Eastern Europe (important for producers active in the region) is preferred but continued high demand from infrastructure construction and continuing demand for repair, reinforced the necessity of removing the effects of floods in May and June. Announcing an increase in the VAT rate on construction materials since 2011, could increase demand for
not in 2010 As the year is the area with an average credit risk.