London Feb 27, 2020 (Thomson StreetEvents) -- Idasinthidwa Transcript ya Mondi PLC yolandila msonkhano kapena ulaliki Lachinayi, February 27, 2020 pa 9:00:00am GMT
Mmawa wabwino nonse, ndikulandilidwa ku Mondi Full Year Results Presentation ya 2019. Ndipo monga mukudziwa, ndine Andrew King, ndipo -- ngakhale, ndikudziwa kuti ambiri a inu mumandidziwa bwino, mwachiwonekere aka ndi nthawi yoyamba yomwe ndakhala ndi mwayi wopereka zotsatira izi monga momwe CEO wanu akufunira.Kotero ine ndinaganiza ndi izo mu malingaliro, ine ndikanayamba ndiyamba ndi kusinkhasinkha pang'ono, zomwe ndikuganiza zakhala zofunikira pakuyendetsa ntchito ya gulu pazaka zapitazi.Ndipo ndikuganiza, chofunika kwambiri, zomwe ndimakhulupirira kuti ndizofunika kwambiri pakuchita bwino kwa gululi.Kenako ndibwereranso kuwunikanso zazikuluzikulu za 2019 kenako ndikumaliza ndi malingaliro enanso pamayendedwe abwino.
Monga tikuwonera pazithunzizi, ndikuganiza, choyamba, zambiri zomwe mukumva zidzakhala zodziwika kwa inu, ndipo sindikuwiringula.Mwachiwonekere ndakhala ndi gulu kwa nthawi yayitali kwambiri ndipo ndakhala mbali imodzi ya ndondomeko ya gulu.Ndipo ndikuganiza kuti takhala ndi malingaliro omveka bwino a zomwe zimatigwirira ntchito, zomwe sizingagwire ntchito kwa ife.Ndipo chofunika kwambiri, ndikuganiza kuti tikudziwa zambiri za izi zidzatilimbikitsanso mtsogolo.
Zachidziwikire, mkati mwa dongosolo lililonse, muyeneranso kukhala -- kukhala wofulumira, womvera zomwe zikuchitika pamene zikusintha.Zachidziwikire, pali dziko lomwe likuyenda mwachangu pakadali pano lomwe tiyenera kulabadira.Koma ndikuganiza kuti mfundo zazikuluzikulu zomwe ndikhala ndikukuphunzitsani, ndikuganiza, zatithandiza bwino, ndipo ndikukhulupirira kuti zipitilizabe kutitumikira bwino mtsogolo.
Monga mukuwonera, choyamba, tikuganiza kuti kukhazikika kuli pachimake chathu.Zakhala mkati mwa DNA ya gululi kwa zaka zambiri tsopano.Cholinga chenicheni, mwachiwonekere, pazaka zambiri, chakhala chokhudza momwe timachitira zinthu.Zotsatira zomwe bizinesi yathu ili nayo pa chilengedwe chotizungulira komanso ntchito yomwe tagwira kuti tichepetse zovuta zilizonse, komanso kukonza chilengedwe komanso madera omwe timagwira ntchito.
Ndikuganiza kuti tachita bwino kwambiri monga gulu pokwaniritsa izi.Ndipo zowonadi, tsopano ndondomeko yonseyi yakula kuzinthu zomwe mumapanga ndikukhudzidwa ndi zomwe zili nazo padziko lonse lapansi.
Ndipo ndikuganiza, kachiwiri, pano, tili pamalo abwino komanso apadera, kwenikweni, omwe timafotokozera mwachidule mawu athu, Pepala ngati kuli kotheka, pulasitiki ikagwiritsidwa ntchito.Ndife osewera kwambiri pamalata, monga mukudziwa.Ndife opanga zikwama zazikulu kwambiri padziko lonse lapansi.Tili ndi kupezeka kwakukulu pamakalasi apadera a mapepala a kraft.Ndipo zowonadi, tidzakhala opindula bwino pakusinthira ku mayankho okhazikika.
Mwachiwonekere, chomwe chimatipangitsanso kukhala apadera ndi chakuti timakhala ndi mwayi wopeza makasitomala, teknoloji, luso, zomwe zimaperekedwa ndi bizinesi yathu yopangira mapulasitiki, yomwe, payokha, imawona mwayi wopita patsogolo, makamaka poyendetsa galimoto zambiri. kubwezeretsedwanso kwazinthu zopangidwa ndi mapepala.
Zachidziwikire, bizinesi yathu Yapaketi imapindulanso ndi ina - zina mwazinthu zazikulu zomwe tikuziwona padziko lapansi pano.Zachidziwikire, malonda a e-commerce ndi njira yomwe ikupitilira, yomwe ikupitilizabe kukula, makamaka m'mbali mwa bokosi, komanso chosangalatsa kwambiri tsopano kumbali ya thumba, kuchuluka - nkhani yokhudzana ndi chidziwitso chamtundu, chomwe sichinachoke. ndipo akupitiliza kulimbikitsa kukula kwa ma giredi onyamula.
Chifukwa chake mwachidule, ndikuwona ife kumbali yoyenera yazinthu zambiri zazikuluzikulu zamakampani.Zachidziwikire, sizikunena kuti kuyang'ana kwathu pakukhala - chuma chathu chamtengo wapatali chakhala chiri maziko a zomwe tili.Timakhulupirira momveka bwino kuti kukhala otsika mtengo kumisika yomwe mwasankha ndi imodzi mwazinthu zofunika kwambiri, makamaka mubizinesi yakumtunda ndi yamapepala.Izi zikadali zofunika kwambiri pabizinesi yathu.Ndipo ndikuganiza kuti pali zambiri zomwe zikubwera malinga ndi zomwe tingachite m'derali.
Mwachiwonekere, ndikukhulupirira kuti mphamvu yaikulu yomwe yadziwika kwa zaka zambiri ndi kulingalira kwathu kosasinthasintha komanso koyenera pa kugawa ndalama.Ife, ndithudi, tikufuna kukulitsa bizinesi yathu.Tikukhulupirira kuti tili ndi zosankha zambiri zakukula.Koma, ndithudi, izi ziyenera kuchitidwa nthawi zonse ndi lumo lakuthwa pakupanga phindu, ndipo izi sizidzasintha.
Zoonadi, monga mukundidziwira pano, ndimakonda kulemba bwino.Ndikuganiza kuti zimakupatsani mwayi wosankha kudzera muzozungulira kuti mupange ndalama.Kuphatikiza apo, tili ndi mwayi wopanga ndalama zamphamvu kwambiri panthawi yozungulira.Mwachiwonekere, tidzafika pazimenezi tikayang'ana mmbuyo pa zotsatira za 2019, koma izi, kuwonjezera - zimakupatsani kusinthasintha kowonjezereka kuti mukhale ndi maganizo osagwirizana pamene ena sangathe kusuntha.
Pamapeto pake, simungachite izi popanda anthu oyenera.Ndife amwayi kwambiri pakuzama komanso kudziwa luso lomwe tili nalo m'gulu.Ndikuwona kuti ndizofunika kwambiri kuti ndipitirize kulera ndi kukulitsa anthu ambiri aluso ndipo mwachiwonekere, kulimbikitsa mkati mwa chikhalidwe cha kusiyana ndi kuphatikizidwa mkati mwa gulu.Ife, mwachiwonekere, tili ndi --anthu odziwa zambiri pagululi, ndipo ndikuyembekeza kugwira nawo ntchito pamene tikupititsa patsogolo bizinesi.
Ndizimenezi, ndimabwereranso ku mfundo zazikuluzikulu za 2019. Ndipo monga mukudziwa nonse, osadziwa, 2019 idawona kutsika kwamitengo yamitengo yamagiredi athu ambiri ofunikira pamapepala, zomwe zidakhudzidwa, mwachiwonekere, ndi kuchepa kwachuma kwakukulu. .Potengera izi, tidachita bwino kwambiri ndi EBITDA pa EUR 1.66 biliyoni, malire a 22.8% ndi ROCE ya 19.8%.
Kuwongolera kwamphamvu kwamitengo komanso zopereka zabwino zochokera kuzinthu zogulira ndi CapEx, projekiti yomwe idamalizidwa makamaka mu 2018 idachepetsa kupsinjika kwathu.Pa mphamvu ya ntchitoyi ndikuwonetsa chidaliro cha tsogolo la bizinesi ndi kutulutsa kolimba kwa ndalama zomwe tikuziwona, Bungwe lalimbikitsa kuwonjezeka kwa 9% pagawo la chaka chonse.
Pamaso pamakampani, mwachiwonekere tinali okondwa mchaka chonsecho kumaliza kufewetsa kamangidwe ka gulu kukhala single-headed plc, kutipatsa ife kuwonekera kwambiri monga bungwe, kuwongolera kayendedwe ka ndalama mubizinesi, komanso, kulimbikitsa Malipoti a malipoti a ndalama Mondi Shares.
Monga tanena kale, ife -- ndikukhulupirira kuti tili ndi mwayi wothandiza makasitomala athu kuti azitha kuyika zinthu zokhazikika.Ndipo ndibweranso ku izi pambuyo pake - zambiri mtsogolo muzowonetsera.
Mwachiwonekere, ndifenso okondwa kwambiri ndi kupita patsogolo komwe tapanga kulinga ku malonjezano athu omwe akukulirakulirabe mu 2020, ndipo tangosintha kumene zomwe timalonjeza panyengo potengera zomwe tikuchita mogwirizana ndi sayansi.
Ngati ndiyang'ana mwatsatanetsatane mwachidule za chitukuko cha EBITDA.Mudzawona zotsatira zoyamba chifukwa cha kutsika kwamitengo.Ndidzabweranso pazambiri pambuyo pake pamabizinesi ndi bizinesi.Koma zomwe zidapangitsa kuti pakhale kusiyana kwamitengo yotsika ndi mitengo yotsika kwambiri yotsatiridwa ndi zomwe zidawoneka kumapeto kwa chaka cha 2018 komanso mitengo yotsika.Mitengo ya mapepala a Kraft inapereka njira yabwino, ngakhale, kachiwiri, izi zinakhala pansi pa zaka zambiri.
Mudzawona kusiyana kwakukulu kwa voliyumu, koma ichi ndi chiwonetsero cha malo ovuta kwambiri ogulitsa, makamaka malonda athu amatumba ndi mavoti opanikizika ku Middle East ndi kumpoto kwa Africa, makamaka, ndi nthawi yopuma yomwe imatengedwa kuti tiyang'anire zathu. zolemba pamapepala a kraft ndi mapepala apadera apadera mu theka lachiwiri la chaka.Kuchulukirachulukirako, komabe, kudachitika chifukwa chakukonzekera kwanthawi yayitali -- kutsekeka komwe kwakonzedwa kwanthawi yayitali mkati mwa chaka komanso zisankho zakukonzekera bwino zomwe zachitika m'miyezi 18 yapitayi.Ndipo izi zikuphatikiza ndi bolodi ndi kutseka kwa makina abwino amapepala ku Turkey ndi South Africa, motsatana.
Izi zidatsitsidwa ndi kukula kwabwino mubizinesi yathu yamalata komanso thandizo lochokera kumapulojekiti akuluakulu omwe adamalizidwa mu 2018, makamaka kukulitsa luso lazolemba zamapepala ndi zamkati.
Ndalama zolowetsa nthawi zambiri zimakhala zokwera chaka ndi chaka, ngakhale tidawona zochepetsera mtengo zikafika theka lachiwiri la chaka.Mitengo, mphamvu ndi mankhwala zinatuluka m'chaka chonse, pamene mapepala obwezeretsanso anali otsika chaka ndi chaka komanso motsatizana pa theka lachiwiri ndi theka loyamba.Zoyembekeza zomwe zikuchitika pano ndikuwonjezeranso ndalama zowonjezera mu 2020.
Monga mukuonera, zotsatira zonse zogulira ndi kutayidwa zinali kusiyana kokwanira kwa EUR 45 miliyoni, makamaka chifukwa cha zopereka za chaka chonse kuchokera ku Powerflute ndi matumba aku Egypt, zomwe tidapeza mkati mwa 2018.Mtengo wamtengo wapatali wa nkhalango unali EUR 28 miliyoni kuposa chaka cham'mbuyomo, motsogozedwa ndi mitengo yokwera yamitengo yotumiza kunja komanso kukwera kokwanira panthawiyi.Ndikoyenera kudziwa, komabe, kuti zambiri zomwe zapindula m'chaka chamakono zidadziwika mu theka loyamba.Kutengera momwe msika uliri pano, tingayembekezere kuti phindu la 2020 likhale lotsika kwambiri chifukwa kukwera kwamitengo yamitengo kukuyembekezeka kuchepetsedwa.
Ngati ndikupatsani mwachidule za zopereka zamagulu abizinesi.Mutha kuwona pa tchati chakumanja, timapereka chidule cha zopereka zamabizinesi kugulu la EBITDA.Ndipo kumanzere, mutha kuwona mayendedwe a mabizinesi muzopereka za EBITDA.M'masilaidi otsatirawa, ndikupatsani zambiri ndi bizinesi.
Kutenga koyamba mu Corrugated Packaging, mutha kuwona ikupitilizabe kupereka malire amphamvu kwambiri ndikubwerera ngakhale mitengo yamitengo yomwe ndanena kale.Ngakhale kuti ma boardboard onse adakhudzidwa, kusakanikirana kwazinthu zomwe tili nazo zomwe tili nazo chidwi kwambiri ndi magawo apadera a white top kraftliner ndi semichemical fluting kumachepetsa kuwonekera kwathu kumayendedwe.Mwa fanizo, mitengo yoyezera pa bolodi yobwezerezedwanso inali yotsika pafupifupi 18% pachaka, pomwe makina apamwamba kwambiri a kraftliner ndi semichemical anali otsika pafupifupi 3% munthawi yomweyo.Mofananamo, ndithudi, malo athu otsika mtengo, owonjezeredwa ndi kulamulira kwamphamvu kwamtengo wapatali ndi njira zathu zopititsira patsogolo phindu zomwe timapitiriza kuchita zimatanthauza kuti tikupitirizabe kupanga phindu lamphamvu ndi kutuluka kwa ndalama ngakhale pakutsika kwa cyclical.
Komabe, zolimbikitsa, tsopano tikuwona kusintha kwa msika, ndi zinthu zomwe zili pamlingo wabwinobwino komanso mabuku oyitanitsa amphamvu.Kumbuyo kwa izi, tayambitsa zokambirana ndi makasitomala athu kuzungulira mitengo ina.
Tikayang'ana bizinesi yotsika pansi, timasangalala kwambiri ndi momwe bizinesi yathu ya Corrugated Solutions ikuyendera, kupeza 3% kukula kwa voliyumu ya bokosi la organic ndi kukulitsa malire popeza kusungitsa mitengo kunali kolimba poyang'anizana ndi kuchepa kwa mtengo wolowetsa mapepala.
Kenako ndimapita ku Flexible Packaging.Mutha kuwona kuti idasangalala ndi chaka cholimba kwambiri, pomwe EBITDA idakwera 18% ndikulemba malire.Monga tafotokozera, tinatha kukweza mitengo ya mapepala a kraft kumayambiriro kwa chaka.Poganizira za nthawi yayitali pamsikawu, mitengo yamtengo wapatali imakhala yokhazikika kuposa momwe zimakhalira m'mabokosi osungiramo zinthu ndipo kuwonjezeka kwakukulu koyambirira kwa chaka kudali kofanana ndi chaka cham'mbuyomo.
M'kupita kwa chaka, tidawona kutsika kwamitengo chifukwa kuchepa kwachuma kunakhudza kufunikira, ndipo tidayamba kuwona mpikisano wokulirapo kuchokera kwa opanga maswiti ena.Izi zidapitilira mpaka kumayambiriro kwa chaka cha 2020, zomwe zikukhudza zokambirana zamitengo yapachaka, kotero kuti timayamba chaka chatsopano pamlingo wotsikirapo kuposa zomwe tapeza pa avareji ya 2019. Kuwona kukula kwa voliyumu yabwino pomwe tidayamba kukonda kwambiri ogula pamapaketi opangidwa ndi fiber.Kukula kopitilira mu gawoli kumathandizidwanso ndi mapulojekiti athu a CapEx ku Steti makamaka, komanso njira zosiyanasiyana zosinthira mapulasitiki.
Bizinesi yachikwama chapansi pamiyala idakwanitsa kudutsa mitengo yapamwamba kwambiri ya mapepala a kraft, koma, nthawi yomweyo, idawona mavoti akubwera pansi, makamaka, monga ndidanenera kale ku Middle East ndi misika yaku Africa, yomwe imawululidwa kwambiri. ku gawo la zomangamanga ndi simenti.Zolimbikitsa, ngakhale masiku oyambirira, panopa tikuwona chinachake chojambula mu dongosolo m'matumba.Kuchokera pamalingaliro amachitidwe, kuphatikiza pamipata ina yosangalatsa yosinthira mayankho osakhazikika pamapaketi, tikuwonanso mwayi wochulukirachulukira wazinthu zathu zamathumba mu e-commerce, monga ndanenera kale.
Zosintha za ogula zidawonetsa mikhalidwe yake yodzitchinjiriza poyang'anizana ndi kuchepa kwachuma, kupitiliza kusintha kusakanikirana kwazinthu zake ndikupindula ndi kukhazikika kwatsopano.Akuthandiziranso kukhazikitsidwa kwa zinthu zathu zamapepala kwa makasitomala apulasitiki achikhalidwe, pomwe akupanga njira zingapo zotha kubwezanso pulasitiki zomwe zimagwirizana ndi chuma chozungulira.
Kusunthira kenako ku Engineered Materials.Monga mukuwonera, adaperekanso ntchito yabwino ndi EBITDA mpaka 9% pa EUR 122 miliyoni.Ngakhale tikuwonekeratu kuti izi zidasangalatsidwanso ndi phindu limodzi la EUR 9 miliyoni panthawiyo.Ndidakondwera kwambiri kuwona magwiridwe antchito abwino kuchokera kugawo lathu lazinthu zosamalira, mogwirizana ndi zomwe timayembekezera pamene amapeza ndalama zambiri powonjezera gawo la chikwama.Ife, komabe, tikuyembekeza kuwonjezereka kwamitengo yamitengo kupita patsogolo popeza chinthu chofunikira kwambiri mugawoli chikukhwima.Gulu lathu la ma extrusion solutions likugwira ntchito panjira zingapo zokhazikika zokutira, zomwe timaziwona ngati chitukuko chosangalatsa pothandizira zoyeserera zathu zokhazikika.
Pomaliza, potengera kuwunika kwa magawo abizinesi, bizinesi yathu ya Uncoated Fine Paper, monga mukuwonera, ikupitilizabe kubweza ndalama zambiri komanso kubweza ndalama ngakhale kuti msika ndi wovuta kwambiri, popeza timapindula ndimitengo yathu yopikisana kwambiri yamitengo yathu komanso misika yathu yomwe ikubwera.Ngakhale mitengo yabwino yamapepala osakutidwa nthawi zambiri imakhala yotsika mpaka chaka ndi chaka, mitengo yamtengo wapatali inali yotsika kwambiri, zomwe zidakhudza ukonde wathu.Kwa 2020, tikuyerekeza kuti malowa ndi pafupifupi matani 400,000 pachaka.Tawona kukhazikika kwaposachedwa pamitengo yapadziko lonse lapansi, zomwe zitha kukwera.Izi zati, kukhudzika kwa ma coronavirus, makamaka pakufunidwa m'misika yayikulu yaku Asia, sikudziwika komwe kungasokoneze mawonekedwe ngati zotsatira zake zipitilira.
Ndipo mwina ndiye mwachidule, ndemanga yowonjezereka pa coronavirus.Monga gulu, mpaka pano, tawonapo zotsatira zachindunji zochepa chifukwa cha kuchepa kwathu kumadera omwe akhudzidwa kwambiri mpaka pano.Komabe, zikuwonekeratu kuti ndizovuta kwambiri, ndipo tikuyang'anitsitsa zinthu, kuphatikizapo momwe timagulitsira zinthu komanso makasitomala athu.Pamapeto pake, tikukhulupirira kuti chodetsa nkhawa chachikulu ndikukhudzidwa kwa kukula kwachuma komanso momwe izi zingakhudzire kufunika kwa zinthu zathu.Koma, zowona, izi ndizovuta kwambiri kuwunika ndipo momwe zinthu ziliri sizili za Mondi kapena, kwenikweni, makampani athu.
Monga tanenera kale, ndife okondwa kwambiri ndi ndalama zamphamvu zomwe tidapeza m'chakachi, ndipo zikadali mphamvu yabizinesi yathu.Monga mukuwonera, tidapanga ndalama zokwana EUR 1.64 biliyoni kuchokera kuzinthu zomwe zidachitika panthawiyi, pafupifupi zofanana ndi chaka cham'mbuyomo ngakhale kuti EBITDA idatsika.Izi zidathandizidwa ndi kusintha kwa ndalama zomwe zimachokera ku ndalama zogwirira ntchito zomwe zidawoneka chaka chatha, ndikusintha kwapachaka komwe kumakhala pafupifupi ma EUR 150 miliyoni, zomwe zimateteza kwambiri kugwa kwachuma.Ndalamazi zinaperekedwa ku -- pothandizira pulogalamu yathu ya CapEx yomwe ikupitilira, ndikugwiritsa ntchito ndalama zazikulu m'chaka cha EUR 757 miliyoni kapena 187% ya chiwongola dzanja chotsika pamene tikupitilizabe kukulitsa bizinesi.
Tikuyang'anira ndalama zina za EUR 700 mpaka EUR 800 miliyoni mu 2020 izi zikuyembekezeka kutsika mpaka EUR 450 miliyoni kufika pa EUR 500 miliyoni - EUR 550 miliyoni mu 2021 monga momwe ndalama zomwe zimagwiritsidwa ntchito popanga payipi ikuluikulu yapano zikucheperachepera. kuzimitsa.Inde, tikuyang'ana mipata ina yowonjezeramo chuma chathu chamtengo wapatali, chomwe chingakhudze 2021 ndi kupitirira apo, koma izi zikadali pakali pano.
Monga ndidanenera koyambirira, timapitiliza kuyika gawo logawika m'malo mwa mfundo zathu zoyambira 2x mpaka 3x.Mwakutero, Bungwe lapereka ndalama zokwana EUR 0.5572 pagawo lililonse, ndikupereka gawo lachaka chonse la EUR 0.83 pagawo lililonse.Izi zikuyimira chiwonjezeko cha 9% pagawo lazaka zam'mbuyomu.Ndipo monga ndanena kale, zikuwonetsa kukhazikika kwandalama kwabizinesi komanso chidaliro cha Board m'tsogolomu.
Ngati ndibwereranso kumalingaliro ena ozungulira mfundo komanso malinga ndi malingaliro athu.Ndipo choyamba, mopanda manyazi kuliza lipenga la zina mwazopambana zathu zakale.Monga mukuwonera, ndife onyadira kuti tapereka zowongolera ndikukula EBITDA ndikuwongolera zobweza nthawi zonse kuyambira pomwe talemba.Ndipo koposa apo, tachitanso izi powonetsetsa kuti bizinesiyo ili ndi tsogolo lokhazikika.
Monga mukuwonera, ndasankha zina zazikulu, mwachitsanzo, mbiri yathu yachitetezo panthawiyi.Ndipo mofananamo, milingo yotulutsa mpweya wowonjezera kutentha yomwe tapeza m'nthawi yapitayi, mogwirizana kwambiri ndi malingaliro athu kuti tithandizire ku dziko labwino.
Njira yathu yamadongosolo.Apanso, ichi ndi tchati chomwe chiyenera kukhala chodziwika bwino kwa inu.Ndipo kachiwiri, ndikuganiza kuti ikuphatikiza mauthenga ofunika kwambiri pazomwe timaganiza kuti ndizofunikira monga gulu, zomwe zimakhazikika kwambiri pa chikhumbo chathu choyendetsa kukula kwamtengo wapatali pamaziko okhazikika.Tili ndi mizati yathu 4 monga tafotokozera m'chithunzichi.Ndipo ndingotenga zina mwazinthu zofunika kuzitchula patsogolo.
Kukula kwathu kokhazikika, monga ndanena kale, ndikofunikira kwambiri pabizinesi yathu.Ndizo -- tikuziwona ngati njira yophatikizika kwathunthu yachitukuko chokhazikika.Pa slide iyi, ndatenga mbali zitatu zofunika kwambiri, kukhala zinthu zokhazikika, kusintha kwanyengo komanso anthu athu.Choyang'ana choyamba chimakhala kwambiri pazotulutsa zathu komanso momwe izi zimakhudzira chilengedwe.
EcoSolutions ikuphatikiza njira yathu, yomwe, kachiwiri, ndibweranso mwatsatanetsatane pambuyo pake.Zomwe timakhudza chilengedwe -- pa nyengo ndizofunikira kwambiri.Pano, ndife onyadira kwambiri kupita patsogolo kwakukulu komwe tapanga m'zaka zapitazi pochepetsa kutulutsa kwamtundu wa CO2 ngakhale tikuzindikira kuti pali zambiri zoti tichite.Ndipo monga ndanena kale, takhazikitsa zolinga zochokera ku sayansi zakutulutsa mpweya wa kaboni mpaka 2050, ndi zochitika zomveka bwino panjira.Monga ndanenera poyamba, anthu, ndithudi, ndi gwero lathu lalikulu, chitetezo chikhalidwe wathu, amene wakhala ulendo wautali ndi ophatikizidwa bwino ndipo ife ndife otsogolera makampani pankhaniyi, koma pali, ndithudi, zambiri. kuchita.
Chinachake, ndikuganiza, ndichosiyanitsa chenicheni kwa ifenso ndi Mondi Academy yathu yomwe imagwira ntchito yabwino pophunzitsa ndi kukulitsa anthu athu kuti athandizire kugawana bwino pagulu.
Ndinapita bwino pa slide iyi, koma ndikukwanira kunena kuti, tawona kuzindikira kwakukulu kwakunja kwa ntchito zathu zokhazikika ndipo tikukhulupirira kuti tikuthandiziradi ku zolinga zachitukuko zokhazikika za UN.
Bwererani ku EcoSolutions, yomwe imayang'ana kwambiri momwe tingathandizire makasitomala athu kuti akwaniritse zosowa zawo kuti azisunga zokhazikika.Ndikudziwa kuti ambiri a inu omwe munali nafe ku Steti kumapeto kwa chaka chatha, mukadamva zambiri za izi.Koma kungobwerezanso, njira iyi yomwe tikuwona ikuphatikiza mfundo zitatu zosinthira, kuchepetsa ndi kubwezeretsanso.Tikuphatikiza pano zitsanzo zingapo za zomwe zachitika posachedwa kuchokera kwa ife mu gawo lililonse la izi.Ndipo zowonadi, timawona izi ngati mwayi wopitilira kwa ife ngati bizinesi, ndipo tapanga gulu lodzipereka lomwe lili ndi akatswiri ochokera kubizinesi yathu yonse yonyamula katundu kuti ayendetse izi.
Iyi ndi slide yotanganidwa kwambiri, koma ndikuganiza mwachidule, zomwe tikuwona ndi mwayi wapadera wopereka mayankho okhazikika kwa makasitomala athu.Monga mukuwonera, timapereka mayankho kutengera magawo, kuyambira pamapepala angwiro mpaka mapulasitiki oyera ndi kuphatikiza -- ndi zophatikizira zake zambiri, kutengera zosowa za makasitomala athu.Iyi ndi nsanja yomwe palibe m'modzi mwa omwe akupikisana nawo omwe ali nawo.
Kuyang'ana ndiye makamaka pa cholinga cha kukula m'tsogolo.Ndipo momveka bwino, kuyang'ana pa bizinesi ndi bizinesi.Tikuwona mipata yayikulu kwambiri yamabizinesi athu onyamula katundu.Timakonda mabizinesi onse onyamula katundu omwe tilimo, ndipo tikupitilizabe kuthandizira kukula kwawo.
Tili kale, monga ndanenera kale, kumanja kwazomwe zimayambitsa kukhazikika, malonda a e-commerce ndikukulitsa chidziwitso cha mtundu.Tipitiliza kuyang'ana kukula kwathu kwa CapEx ndi ndalama zogulira popanga mabizinesiwa.Izi zati, tidzayang'ana kuti tipitilize kuyika ndalama moyenera m'mabizinesi athu ena.
Tikuyang'ana kuti tipitilize kupanga ndi kulimbikitsa malo olimba omwe timakonda kale mu Engineered Engineered Engineered Materials, ndikuyang'ana kwambiri omwe amasangalala ndi mapindu ophatikizika ndi ma synergies ena ndi mapulogalamu athu opaka.Mwachitsanzo, monga momwe ndanenera kale, mayankho athu owonjezera ndi ntchito zotulutsa zimatipatsa phindu lophatikiza mapepala komanso luso linalake laukadaulo, makamaka pakupanga mapepala omwe amapereka mwayi wopatsa chidwi, makamaka ku gulu lathu la EcoSolutions.
Mu Pepala Lopanda Uncoated, uthengawo umakhalabe wosasinthasintha.Tidzapitilizabe kuyika ndalama kuti tisungebe mpikisano wabizinesiyi, pomwe nthawi yomweyo, tikugwiritsa ntchito zinthu zomwe zili pansi, zomwe zili ndi mphero zathu zotsika mtengo kwambiri kuti titukule m'misika yathu yomwe ikukula.
Dera lomwe ndikuganiza kuti timadziwika bwino kwambiri ndi pafupi ndi katundu wathu wamtengo wapatali.Ndimakhalabe wokhulupirika ku chikhulupiriro, monga ndanenera kale, ndipo ndikhoza kutsindikanso kuti m'mabizinesi akumtunda ndi mapepala, makamaka, dalaivala wamtengo wapatali ndi mtengo wamtengo wapatali womwe umaperekedwa kumsika umene mwasankha.Pano, ife, ndithudi, tili ndi cholowa chachikulu chokhala ndi pafupifupi 80% ya mphamvu zathu mu theka la pansi la mtengo woyenera.Izi zimayendetsedwa ndi malo omwe ali ndi katundu, komanso ndi kuyendetsa kosalekeza kwa ntchito, zomwe timawona ngati luso lalikulu la gululo.Ndafotokoza, apa pa slide, zina mwazinthu zazikulu zomwe zimathandizira kuyendetsa bwino.Koma pamapeto pake, zonse zimagwirizana ndi chikhalidwe cha bizinesi, ndipo ichi ndichinthu, ndithudi, ndikugwira ntchito molimbika kwambiri kuti ndisamalire.
Kufunitsitsa kwathu kuyika ndalama muzinthu zopindulitsa pamtengowo ndi gawo lina lomwe labweretsa phindu lalikulu ndipo lipitiliza kupereka mwayi mtsogolo.Apanso, komabe, tikuwonekeratu kuti ndalamazi ziyenera kukhala zosankha kwambiri komanso pazinthu zomwe munthu ali ndi chidaliro zingapereke mwayi wopikisana.Sitiyika ndalama zowonjezera CapEx pazinthu zapakatikati.Ichi ndichinthu chomwe ndimakhulupirira kwambiri.
Monga tanenera kale, timapanga ndalama zambiri kudzera mumzerewu, potengera malire athu otsogola m'makampani.Izi, pamodzi ndi tsamba lathu lolimba, zimapereka mwayi wosinthika komanso zosankha zakukula kwamtsogolo.Pa nkhani imeneyi, zimene timaika patsogolo sizinasinthe.Ndikuwona kuyika ndalama muzinthu zathu ngati chinthu chofunikira nthawi zonse ndi njira zina zowonjezerera chuma chathu chamtengo wapatali chomwe chikuwunikidwa pano.
Momwemonso, tikuwona kugawa kwa omwe akupitilirabe ngati mzati wofunikira pazachuma chathu.Tikukhulupirira kuti kuteteza ndi kukulitsa phindu lambiri malinga ndi ndondomeko yathu yachikuto ndichofunika kwambiri.
M&A imakhalabe njira yamtsogolo yakukulira.Kukula kwathu kwapang'onopang'ono kumapereka zosankha zazikulu, koma nthawi zonse, monga ndafotokozera kale, ndikuyang'ana kwambiri pakukula kopindulitsa.Momwemonso, nthawi zonse timayang'ana izi motsutsana ndi njira ina yowonjezera yogawira omwe ali ndi masheya kuposa gawo wamba.
Pomaliza, ndiye mawonekedwe.Ndikuganiza kuti mwapeza kale mwayi wowerenga izi.Ine ndithudi sindidzabwerezanso.Koma zokwanira kunena kuti, timayang'ana zam'tsogolo ndi chidaliro, ndipo, mwachiwonekere, ndine wokondwa kwambiri ndi mwayi umene ndikuwona patsogolo pathu.
Kotero ndi izo, tikhoza kupita ku mafunso.Ndikuganiza kuti tili ndi maikolofoni pansi.Uyenera kundipirira chifukwa ndikugwedera, koma ndikhala ndikuyima bola simunanditope, ndiye nditha kukhala, koma sizovuta.Lars
Lars Kjellberg, Crédit Suisse.Pamene mukulowa chaka chino, ndithudi, inu -- pali mphepo zambiri.Izi timazitcha mitengo, ndi zina, ndi kufuna kusatsimikizika.Mondi m'mbuyomu, monga momwe mudawonetsera, mwawonetsa kuthekera kwakukulu kothana ndi mphepo yamkuntho, m'njira yomwe pali kusintha kwadongosolo pamitengo yanu ndi kuyendetsa mosalekeza kuti muwongolere.Kodi mungagawane nafe mitundu yanji yomwe mungakhale nayo mu 2020?Kodi mwapeza zina mwa izi?Ndikulozera, ndikuganiza, mtengo wokonza mapulojekiti a CapEx ndi mtengo uliwonse womwe mungakhale nawo.Mudanenanso mwayi wambiri womwe mukuwona kuti mupitilize kukulitsa bizinesiyo, poganizira kuti mudabwezanso ndalama zambiri pazinthu zanu zingakhale zosangalatsa kuwona zomwe mukuganiza pankhaniyi?Komanso, mfundo yomaliza, ndikuganiza, mumalankhula za countercyclicality.Inu, mwachiwonekere, mu -- zina mwazovuta zomwe mudaziwona, mwakhala mukugulitsa izi ndipo, zowonadi, onse a Swiecie ochepa okha komanso panthawi ina mwamwayi.Ndi mwayi wanji womwe mumawona mumtundu woterewu wotsutsana ndikugwiritsa ntchito bwino tsamba lanu?
Zikomo.Ndikuganiza, mwachiwonekere, monga mukunenera, choyamba, ponena za, kuyitcha, kudzithandiza, ndikuganiza, ndi chidule cha zomwe mukuzifunsa poyamba.Mwachindunji, malinga ndi malangizo a CapEx, malinga ndi zopereka zochokera ku mapulojekiti a CapEx, tikuganiza kuti mutha kuyembekezera phindu lowonjezera la EUR 40 miliyoni mu 2020 kuchokera ku mapulojekiti a CapEx, ndipo makamaka ndiko kukhathamiritsa kwa ntchito zomwe adatumiza kale.Chifukwa chake palibe chiwopsezo chambiri chophatikizira pamenepo.Ndi pulojekiti ya Štetí, yomwe tidalamula, ndalama zopambana kwambiri za EUR 335 miliyoni pakukonzanso ndi kukweza Štetí zomwe zidachitika mu 2019, ndiyeno tikuyang'ana zopereka za chaka chonse mu 2020. Ndikusangalala kwambiri ndi izi.
Momwemonso, kukweza kwa Ruzomberok pulp mphero komwe kunachitika kumapeto kwa chaka cha 2019 tsopano, ndipo tikhala tikuyang'ananso chopereka cha chaka chonse kuchokera pamenepo.Mwachiwonekere, ife tiri m'mavuto tsopano ndikuyika ndalama ------------------------------------------------------------------------------------------------------,, ,,,,,,,,,,.) pakadali pano zowumitsira zamkati ndikugulitsidwa pamsika wotseguka.Kotero kusakaniza kudzasintha kupita ku 2021. Koma mu 2020, tidzakhala ndi chothandizira mwamsanga kuchokera ku zamkati zowonjezera ku Ruzomberok.
Ndipo palinso ma projekiti ena angapo, kuphatikiza kutsekereza kosalekeza kwa ntchito yathu ya Syktyvkar.Ndipo chofunika kwambiri, komanso, ndalama zomwe zikupitilira posintha ntchito zathu, komwe tikukulirakulira, mwachitsanzo, ku Czech Republic komanso m'mafakitale athu aku Germany - kapena bizinesi yayikulu yokhudzana ndi mafakitale.Tikuyika chomera chatsopano, chomera chatsopano cha thumba ku Colombia ndikumanga kwambiri mphamvu zomwe tili nazo pokhudzana ndi maukonde apadziko lonse lapansi mubizinesi yathu yamatumba.Ndipo ndizo -- ndikuganiza kuti pali mwayi wochulukirapo pamenepo.Koma m'kanthawi kochepa, ndiko kuyang'ana kwambiri kumeneko.
Mofananamo, inu, ndikuganiza, munanena kuti pambali yokonza, tinali ndi chiwerengero chokwera kwambiri chaka chatha malinga ndi mtengo wokonza.Izi zinali kuphatikiza kwazinthu zomwe zimayendetsedwa ndi kukhazikitsidwa kwa polojekiti ku Slovakia, mwachitsanzo, komanso motsogozedwa ndi zofunikira zaukadaulo ku Syktyvkar ndi zina zotero.Izi zinali -- tidayerekeza kuti zinali pafupifupi ma EUR 150 miliyoni.Ikhala ikufika pafupifupi EUR 100 miliyoni ndi chitsogozo chathu malinga ndi zotsatira za 2020.Chifukwa chake izi ndizomwe zachitika, monga mudanenera, zochotsera.
Ndikuganiza m'mawu --ndipo mwanjira ina, mwachiwonekere, pazowonjezera mtengo, osati zomwe tikuchita, koma zowonadi, kuzungulira kumathandizanso pochepetsa kupsinjika komwe mukuwona pamzere wapamwamba ndikuchepetsanso mtengo wowonjezera. .Tikuwona ku Central Europe, mitengo yamitengo, mwachitsanzo, ikutsika.Pali mitengo yatsoka yambiri yozungulira, yomwe ikhala yothandiza kwakanthawi tsopano, ndipo izi, mwachiwonekere, ndizothandiza pamitengo yamitengo.Mapepala obwezeretsanso, momveka bwino, achotsedwanso, ndendende nthawi yayitali bwanji, et cetera, ndikulingalira kwa aliyense, koma pakadali pano, ndiwothandiza.Ndiyeno mphamvu, mankhwala ndi zina zotero, mwachiwonekere, ndi kayendedwe ka mtengo wamtengo wapatali wasonyeza mpumulo wamtengo wapatali, ngati ziri choncho.Kotero ife tikuwona zina za izo.Mwachionekere, kuwonjezera pa zimenezo, timawonjezera zoyesayesa zathu.Ndikudziwa kuti nthawi zonse timaganiza kuti tachita zambiri potengera mtengo wathu, koma timaganiza kuti pali zambiri zoti tichite.Nthawi zonse timamva kuti ndife okhazikika popanga zisankho zomwe zingakhale zovuta panthawiyo.Monga mukudziwira, tidatenga pamakina amapepala ku Turkey chaka chino, tidawona kuti kunali koyenera kupanga chifukwa cha mtengo wake, ndipo tatengera mtengo wokhazikika chifukwa cha izi.Tapanganso zina kuti tichotse ndalama mudongosolo.Ndipo ndicho chinthu chopitirira.Ndipo monga ndidatchulira m'mawu athu - mu chiwonetserochi, ndi gawo la DNA, ndi gawo la zomwe timachita ndipo tipitiliza kutero.Sizokhudza kukonzanso kwapang'onopang'ono chifukwa tili ndi mwayi wokhala amphamvu kwambiri ngati gulu pankhaniyi, koma tipitiliza kuyendetsa mwayiwo.
Ndikuganiza kuti mwanena za mwayi wokulirapo.Ndikuganiza kuti ndatchulapo zina mwazinthu zomwe tapanga kale sitima.Ndanenapo kuti sindikhulupirira kuti tatopa ndi mwayi wozungulira chuma chathu.Iyenera kuyang'ana kwambiri pazomwe timakhulupirira kuti ndi zinthu zomwe zili ndi mwayi wopikisana nawo panthawi yonseyi.Sindikuganiza kuti ndikufuna kufotokoza zambiri za mwayi wanthawi yayitali.Zokwanira kunena kuti chilichonse chomwe timachita potengera ma projekiti akuluakulu amtsogolo sichingakhudze, choyamba, motsimikizika 2020 CapEx ngakhale mwina 2021. Ndiye chifukwa chake ndili ndi chidaliro chomveka bwino pakuwongolera komwe ndapereka pa 2021. ndimakonda kupeza mipata, moona, kukulitsa mulingo wa CapEx chifukwa ine -- koma zimatengera nthawi kuti mungotenga ntchito zazitalizi.Koma ife - mwachitsanzo, monga mukudziwa, tinayimitsa kapena kuyimitsa makina atsopano a pepala ku Štetí.Tili ndi kuchuluka kwa zamkati, zomwe tikugulitsa pamsika pakadali pano, koma tili ndi kuthekera koyang'ana ntchito zina zapadera zamapepala a kraft kumeneko.Zina mwazochita zathu zazikulu sizinakonzedwenso malinga ndi mwayi wamtsogolo womwe angabweretse.Chifukwa chake ndikuganiza kuti pali mwayi wambiri.Koma ndikamatsindikabe, ndalama zomwe zimagwiritsidwa ntchito ndizomwe timachita, zomwe tikudziwa kuti zidzatiwona momwe tingakhalire, ndipo ndizomwe zili zofunika kwambiri kwa ife.
Pankhani ya mwayi wotsutsa, sindikuganiza kuti ndinganene kuti ndili ndi -- kutchula kuzungulira komwe kungakhale kopanda nzeru.Ndikuganiza kuti tili -- timayang'ana kuti tigwiritse ntchito ndalama mozungulira.Ndikuganiza kuti ndizo zabwino zomwe mungachite.Mwachiwonekere, mumayesa ndikulinganiza -- mwayi wanu weniweni uyenera kutengedwa kwambiri kumapeto kwa mkombero kusiyana ndi kumtunda.Momwemonso, kuwerengera katundu sikumatsatira nthawi yamitengo, ndi zina zotero.Ndipo pali ndalama zambiri zotsika mtengo kunja uko kuthamangitsa katundu.Ndipo kotero munthu ayenera kukhala wosamala kwambiri ponena za momwe mumawonera mipata imeneyo.Koma ndikuganiza kuti chinthu chofunikira ndi mwanzeru, tili ndi zosankha zambiri mkati mwa dongosolo lomwe timagwira ntchito, muyenera kukhala ndi mwayi, ndipo tili ndi moyo ku mwayi umenewo, ndipo tidzawona ngati tingapindule nawo.
Ndi Barry Dixon wochokera ku Davy.Mafunso angapo.Andrew, potengera zovuta zanthawi yayitali, mutha kungotipatsa chidziwitso molingana ndi momwe malo ofunira akuwonekera, makamaka mbali yabizinesi, pamalata komanso osinthika, chifukwa chakuchita bwino. zomwe mudakhala nazo -- makamaka mu 2019 ndipo momwe kufunikirako kukuwonekera?
Kachiwiri, mungatipatse nzeru za momwe zokambirana zamitengo zikuyendetsedwera kumbali ya chidebe komanso mwayi wochita bwino pazimenezi komanso nthawi yake?
Ndipo chachitatu, ndikungobwereranso ku njira yogawa likulu ndipo mwina kungotsatira kuchokera ku Lars, mwazindikira magawo awiri onyamula ngati madera omwe akukulirakulira, ndipo mwazindikira, ndikuganiza, mtundu wa madalaivala. mwa onsewa pankhani yokhazikika, malonda a e-commerce komanso kupanga mtundu.Mukayang'ana - ndipo mukuganiza za kugawa ndalama, mumawona kuti mipata m'mabizinesi awiriwa potengera komwe muyenera kugwiritsa ntchito organic kapena kudzera mu M&A kuti mukwaniritse kukhazikika, malonda a e-commerce ndi mwayi wamtundu?
Chabwino.Inde, ndikuganiza, choyamba, ponena za chithunzi chofunidwa, monga momwe mukunenera, kumbali ya malata, timakondwera kwambiri ndi momwe bizinesi yathu ya Corrugated Solutions ikuyendera chaka chatha.Mwachiwonekere, ife tikuyang'ana kwambiri chigawo.Koma monga ndanenera, tidachita -- tikhala ndi kukula kwa bokosi la 3% pachaka, komwe ndi - komwe ndikuganiza kuti ndikuchita bwino kwambiri.Mwa zina ndi chiwonetsero cha misika yomwe timagwira ntchito, yomwe yakhala yamphamvu kwambiri.Koma panthawi imodzimodziyo, ndikuganiza kuti tapitirira kukula kwa msika, zomwe ziri zolimbikitsa kwambiri.Ndipo izi zakhala zikuyang'ana kwambiri pazantchito zamakasitomala ndipo mwachiwonekere, ntchito zambiri zatsopano zomwe takhala tikuchita ndi makasitomala athu.Tikuwona kukula kwakukulu kumbali ya e-commerce, ndipo ndizolimbikitsa kwambiri, ndipo tikupitilizabe kuthandizira izi mwachangu.Tili ndi zoyeserera zapadera pozungulira izi.Ndipo, ndithudi, tikuika ndalama zothandizira kukula kumeneku, ndipo ndizolimbikitsa kwambiri.Ndipo ndithudi, ife tinayamba chaka, kachiwiri, mwamphamvu kwambiri kumbali imeneyo.
Pankhani ya bizinesi yosinthika, ndikuganiza, mwachiwonekere, ndi -- pali zigawo zosiyanasiyana za izo.Monga ndanenera kale pa ogula flexibles mbali, izo zikusonyeza kupirira kwambiri.Ndipo mwachidule, munganene kuti simunachitepo kanthu pang'ono chifukwa cha kutsika potengera mawonekedwe a kuchuluka kwa voliyumu ndi zinthu, ndipo ndizolimbikitsa kwambiri.Ndi bizinesi yamatumba, pomwe tidati 2019 inali yovuta kwambiri.Tsopano ku Europe, ku Europe ndikokhazikika, pang'ono.Kumene tikuwona kufooka kuli makamaka m'misika yathu ya Middle East ndi North Africa, yomwe ndi yofunika kwambiri kwa ife.North America idakhalanso malo ofooka mu 2019. Chomwe chimalimbikitsa ndikayang'ana momwe zinthu ziliri, tsopano ndi masiku oyambilira mchaka, koma dongosolo lomwe likupita mu 2020 lilidi -- likuyenda motsutsana ndi nthawi yofananira chaka chatha. .Monga ndikunena, ndi masiku oyambirira, ndipo munthu sayenera kutanthauzira mopitirira muyeso, koma ndi zolimbikitsa.
Tsopano monga ndanenera, makamaka m'misika yotumiza kunja, zambiri zimayendetsedwa ndi simenti, ndipo wina aziwonera izi.Ndipo, zowona, zovuta zachuma zomwe zimakhudza kufunikira kwa zomangamanga, ndi zina, ndizofunikira.Koma siziyenera kuwonedwanso kuti awa ndi misika yofanana.Pali zinthu zingapo zosiyanasiyana zomwe zimakhudza mbiri yonse.Mwachidule, zinali zofewa chaka chatha, zidayamba zolimbikitsa kwambiri chaka chino, koma ndi masiku oyambilira kumbali imeneyo.
Zokambirana zamtengo.Ndikutanthauza, monga mukunenera, pamene tatuluka ndi kuwonjezeka kwa mtengo, kumbali zonse zobwezerezedwanso komanso motsatira pa kraftliner yosatsukidwa.Tikukhulupirira kuti izi zimathandizidwa bwino kwambiri.Monga momwe mungayembekezere, tikuwona milingo yazinthu zokhazikika mpaka kutsika pang'ono.Tikuwona mabuku oyitanitsa amphamvu, ndipo nthawi zonse amakhala maziko olimba kuti atuluke ndikukwera kwamitengo.Ndi masiku oyambirira mu ndondomeko imeneyo.Chifukwa chake ndizovuta kwambiri kukupatsani chitsogozo chokhazikika, koma tikukhulupirira kuti ndizoyenera, ndipo tikukambirana ndi makasitomala athu pakadali pano.
Pankhani ya kugawa ndalama, ndikuganiza kuti yankho lalifupi ndikuti sindikuwona mipata, pa se.Ndikuwona mwayi, mwina ndikumveka ngati CEO pano.Ndikuganiza - ayi, ndikuganiza kuti tikuwona zambiri zomwe titha kupitiliza kuyendetsa bizinesi yathu.Ndipo, zowonadi, ngati titha kuwonjezera izi pobweretsa kuthekera, zonse kaya kutengera malo komanso / kapena luso laukadaulo lomwe lingathe kuwonjezera zomwe tili nazo, tingakhale omasuka kuyang'ana izi.Koma monga ndikunena, sindikuganiza kuti pali malo amodzi omwe tili ochepa pankhaniyi.Ndikutanthauza, mwachiwonekere, bizinesi yathu yamatumba ndiyamphamvu kwambiri, ndipo tipitiliza kukulitsa izi mwakukula kwambiri.Koma zowona, likulu lomwe mutha kuyikapo lomwe, pamapeto pake padziko lonse lapansi, msika wanthawi zonse umakhala wovuta.
Kumbali ya danga la mapulasitiki, tili ndi malo amphamvu kwambiri ku Europe.Izo - muyenera kuziyang'ana kwambiri pa msika ndi msika.Nthawi zambiri pamakhala malongosoledwe apanthawi zonse a msika wosinthika.Mwachitsanzo, ndife olimba kwambiri m'magawo omwe timagwira nawo ntchito. Kodi tingafutukule bwino, koma kuyenera kukhala chinthu chomwe tili ndi chidaliro chomwe timachidziwa, ndipo chimathandizira bizinesi yathu yayikulu.
Justin Jordan wochokera ku Exane.Choyamba, Andrew, ndikungofuna kunena m'malo mwa akatswiri ndi alangizi a gulu, zikomo kwambiri pakusankhidwa kwanu kukhala CEO.Ndikukhulupirira tikukufunirani zabwino zonse m'zaka zikubwerazi.Ndili ndi mitundu itatu ya mafunso.Choyamba, chimodzi, chachifupi kwambiri ndi chachiwiri, chamtundu wapakatikati.Choyamba, ya nthawi yaifupi.Ndikuganiza, ngati tikumbukira tsiku la Štetí Capital Markets Day miyezi ingapo yapitayo tsopano, mudalankhula kapena mwawonetsa, ndikuganiza, zinali zamalonda pamalonda amalonda apadziko lonse lapansi, ndipo mudawonetsa zingapo. kuthekera kosintha pulasitiki ndikuyika pamapepala pazinthu ngati pasitala.Kodi pali chilichonse chomwe munganene lero potengera momwe mayeserowo akupitira patsogolo kapena kuyitanitsa aposachedwa kapena kupambana pamutu wamtunduwu wokhazikika?
Kachiwiri, kupitilira, ndikulingalira, Slide 24 yanu, zikuwonekeratu kuti mtundu wa magawo ofunikira omwe akupita patsogolo ndikuganiza, Packaging Corrugated and Flexible Packaging, zomwe zikuwonekeratu.Kodi izi zikutanthauza chiyani pabizinesi ya Uncoated Fine Paper?Zachidziwikire, ndimagwira, koma ndizokwera mtengo kwambiri padziko lonse lapansi.Koma potengera momwe zimakhalira ndi mphepo yamkuntho, makamaka mubizinesiyo, kodi tiyenera kuwona kuti ngati injini yopangira ndalama kuti ithandizire kukulitsa magawo awiri akukula kwanthawi yayitali?
Ndiyeno chachitatu, ndikuganiza, ndikumanga pamenepo, tikaganizira za malangizo anu a '21 CapEx, EUR 450 miliyoni mpaka EUR 550 miliyoni, yomwe, ngati ndinganene molakwika, imakusandutsani kukhala makina opangira ndalama zaulere.Mosakayikira, kodi izi zimakupatsirani ganizo lanu lapadera la Meyi 2018, kodi izi zimatsegula mwayi wopeza gawo lina lapadera mu '21?
Zikomo.Nthawi zambiri kuyamikira kumatsatiridwa ndi mafunso ovuta.Ayi. Ndikuganiza pa -- ndikutanthauza, ponena za kupambana, sindingafotokoze mwatsatanetsatane za izo, koma ndikuganiza, zonse kutsogolo kwa e-commerce, tinakuwonetsani MailerBAG, mwachitsanzo, MailerBAG yomwe tikugwiritsa ntchito, tikukankhira kwambiri makasitomala athu a e-commerce, ndipo ikulandiridwa bwino kwambiri.Ndi chinthu chachilengedwe - ndi chinthu chodziwikiratu chifukwa chimachotsa zomangira zawo zonse ndi zinthu zomwe mungakhale mukuzipeza -- zomwe buku lanu limabwera. ndipo izi zikupeza kuyankha kwabwino kwambiri.Ndipo kotero ife timalimbikitsidwa kwambiri ndi izo.Mofananamo, kumbali yokhazikika, tikugwira ntchito yambiri, monga momwe mudamva kuchokera kuzinthu zonse zomwe munatengedwa ku Steti.Ndipo ndicho kuyang'ana kosalekeza.Apanso, iyenera kuwonedwa ngati mbiri.Ndine wolimbikitsidwa kwambiri.Mukayang'ana manambala athu malinga ndi kukula kozungulira pepala lathu lapadera la kraft, mokulirapo, lomwe likuyenda bwino pamapepala omwe amagwira ntchito, koma, mwachiwonekere, kulowanso m'thumba losavuta la shopper ndi zina zotero, mukuwona zenizeni. kukula mubizinesiyo, ndipo achita bwino kwambiri ndikupitiliza kupanga mbiri imeneyo ndi msika, moona, chifukwa mwanjira zina, ndi msika watsopano womwe munthu akupanga kumeneko.Tsono kupita patsogolo kwabwino kumeneko, ndipo tipitiliza kuperekera mphamvu zambiri pakuyendetsa izi.
Kumbali ya bizinesi yabwino yamapepala.Ndi bizinesi yabwino.Tili ndi udindo wamphamvu kwambiri, monga ndanenera kale.Zinthu zazikuluzikulu zomwe zilipo ndizo zonse zogwiritsidwa ntchito mosakanikirana.Mwa kuyankhula kwina, amapanga mapepala abwino ndi zamkati, zomwe sizimagwiritsidwa ntchito pamsika wabwino wa mapepala, zamkati zambiri, mwachitsanzo, zochokera ku South Africa, zimagulitsidwa ku Asia m'misika ya minofu ndi izi ndi zina zotero komanso. , mwachiwonekere, kupanga kalasi ya containerboard komanso.Ndikuwona tsogolo la bizinesiyo kukhala -- tipitiliza kuyendetsa ndikukhalabe opikisana pamsika wabwino kwambiri wamapepala.Ndikukhulupirira kuti mungathe -- mukuyenera kukhala eni ake amtundu uliwonse, ndipo tipitilizabe kuyika ndalama moyenera kuti mukhale opikisana.Koma, zowonadi, kusintha kwa kukula kwa CapEx ndikokulirapo kwamisika yomwe ikukula.Mwachifanizo, mwachiwonekere, pulojekiti yaposachedwa ku -- ili ku Slovakia komwe mumatcha mphero yabwino yamapepala, koma ikupanga zinthu zamtundu wosakanizidwa, kugwiritsa ntchito mtengo wapamwamba womwe tili nawo kumeneko, koma kukulitsa kukula. misika yonyamula katundu, ndipo ndikuganiza kuti tiwona mwayi wopitilira pamenepo.Koma nthawi yomweyo, bizinesi yayikulu yamapepala imakhalabe yopikisana kwambiri, ndipo tipitiliza kuyikapo ndalama momwe tingathere.
Pankhani ya ndalama, ndikuvomereza kuti ndife opangira ndalama zambiri.Ndikuganiza kuti mudandimvapo ndikunena kangapo, ndipo ndipitiliza kunena kuti, CapEx, monga ndidanenera, idzatsika mu 2021, pakalibe china chilichonse.Ndinaziwonetsera momveka bwino, komabe, tikuwona mwayi wambiri pagulu, ndipo ndithudi tidzakhala tikuyang'ana kuti tithandizire kukula kwa malondawo, koma ziyenera kuyesedwa momveka bwino ndi njira zina zonse.Ndipo njira ina ndiyo, kubweza ndalamazo kwa omwe ali ndi masheya, ndipo tikudziyesa tokha ndi ma benchmarks, ngati tinene, nthawi zonse.Ndikuganiza kuti omwe ali ndi ma sheya athu awona kuti ndikofunikira kwa ife kuyang'ana njira zakukula zomwe zingawapangitse phindu, ndipo ndi zomwe ife, monga oyang'anira, tapatsidwa ntchito.Koma nthawi yomweyo, ndife otseguka kwambiri ngati mipata yoyenerayo sichitika mu dongosolo loyenera, monga tidawonetsera mmbuyomo - kumbuyo kwa zotsatira za 2017.Takonzekanso kuyang'ana zogawa zina ngati ili njira yoyenera.
David O'Brien wochokera ku Goodbody.Choyamba, mwangonena kuti kusungirako mtengo wamabokosi kwakhala kwabwino.Tawonani, ndikudziwa kuti zikhala zachindunji kwa kampani yopatsidwayo ikapatsidwa kusiyanasiyana kozungulira mabizinesi amenewo.Koma mungatipatseko zomwe mwakumana nazo potengera kuchuluka kwamitengo yamabokosi kudutsa mu 2018 ndipo ayenda kuti kuyambira pamenepo?Ndipo ndikuganiza, kukakamizidwa kukupitilirabe pamitengo yamitengo kumeneko.Ndi liti pamene tiyenera kuganiza za iwo akudutsa (osamveka) ndipo kodi izo zimangodalira kupambana kulikonse kumbali ya chotengera?Ndipo kuzungulira kwamitengo yamitengo, mophweka, mungangotifotokozera zomwe zasintha kuyambira Meyi chaka chatha, popeza kufunikira kuli kofanana?Monga, kodi zosungira zatsika motero?Ndipo kodi mungatchule kumene iwo afika kuti akupatseni chidaliro choterocho ponena za chiwonjezeko chimene chikuchitika?
Pabizinesi yosinthika, zikuwonekeranso kuti pali zovuta zina zomwe zikubwera.Tikayang'ana mbiri yam'mphepete '18 mpaka' 19, ikuchokera pa 17% mpaka 20% EBITDA malire.Kodi tibwerera ku 17% mu 2020?Kapena mukuganiza kuti mutha kukhala ndi mzere wopatsidwa zina mwazinthu zochepetsera zomwe mwatchulazi?
Ndipo potsiriza, Engineered Materials, kubweza kwanu pamalipiro ogwiritsidwa ntchito ndi 13.8% ndipo kumachepetsanso gulu lalikulu.Kodi zolinga zapakati pakatikati ndi ziti?Ndi chiyani chomwe chingatheke, kutengera zovuta zomwe mwawona pa chimodzi mwazinthu zazikuluzikulu zanu?
Chabwino.Ndikuganiza, choyamba, pamitengo yamabokosi, ndikuganiza kuti mudatchula za 2018. Sindikudziwa ngati izi zinali -- momveka bwino, mitengo ya bokosi - ndikutanthauza, ngati wina ayang'ana mmbuyo ku mbiri yakale, tinawona mitengo yazitsulo. kukwera kwambiri mpaka 2018 ndikutuluka kumapeto kwa '18 asanayambe kutuluka pang'ono.Mitengo ya bokosi inali kutsatira zimenezo.Otembenuzawo adawona malire akupyola mu 2018 pomwe amathamangitsa bokosi nthawi zonse - mitengo ya boardboard ikukwera.Ndipo mpaka chaka cha 2019, bwino, zomwe zidakwera pamutu pake, monga momwe mudawonera, mitengo yamabokosi ikutsika, ndipo mitengo yamabokosi idakwera bwino kwambiri.Izi sizikutanthauza kuti mitengo yamabokosi sinatuluke mwatsatanetsatane, koma pokhudzana ndi kutsika kwamitengo yazitsulo, mwachiwonekere anali akugwirabe.Ndipo ndikuganiza kuti, mwanjira zina, zidapitilira zomwe zikuyembekezeka ngati muyang'ana msika pafupipafupi.Chifukwa chake tidawona kukula kwa malire kudzera mu - mubizinesi yosintha, ngakhale mwatsatanetsatane, mitengo yamabokosi, monga ndikunena, ndikugogomezera, zakhala zikutsika pang'ono.
Ndikuganiza kuti funso la 2020 limakhalabe mozungulira mbali ya chotengera.Zachidziwikire, tikuwona, ndipo ndibwera chifukwa chomwe tikukhulupirira kuti mtengo wamitengo yamitengo ndi woyenera.Koma ngati mukuwona boardboard ikuyamba kutsika ndikuwonjezeka, ndiye ndikuganiza kuti pali zifukwa zonse zamitengo yamabokosi osatsata pansi, koma ngati zili choncho, kukhazikika ndikutha kuchira.Koma ndizofunika kwambiri, m'malingaliro mwanga, zimagwiranso ntchito mbali ya boardboard.Ndikuganiza, moona, 2018 inali chaka chovuta kwa otembenuza, 2019 inali yosiyana.Kodi mtundu wanji wokhazikika wanthawi yayitali kwa otembenuza mwina ndi chinthu chapakati.
Pambali ya boardboard, ndikutanthauza, chasintha chiyani kuyambira Meyi watha?Ndikutanthauza, chinthu chimodzi ndi mitengo yotsika.Monga mukudziwa, kuyambira Meyi chaka chatha, mitengo idatsika.Ndikutanthauza kuti adakhazikika mgawo lachitatu, ndiyeno kunalinso kukokoloka kwamitengo ku Q4 komanso pang'ono kumayambiriro kwa chaka chino.Ndikuganiza, momveka bwino, zomwe tikuwona pansi pakali pano, monga ndikunenera, ndi dongosolo lamphamvu kwambiri.Tasungidwiratu.Nthawi zambiri, monga tikumvetsetsa, kuchuluka kwazinthu pamsika wonse kumakhala kotsika ndipo tatuluka, monga mudanenera, tinali m'modzi mwa oyamba kutuluka, ndikukhulupirira, pakuwonjezeka kobwezerezedwanso.Zikuwoneka kuti pali ena omwe atsatira izi, ndipo tikukambirana ndi makasitomala athu.Sindingakufotokozereni momveka bwino kuposa pamenepo, monga takambirana kale.
Pankhani yamabizinesi osinthika komanso kukakamiza kwa malire komwe mudatchula pamenepo.Inde, ndikutanthauza, tikuwonekeratu kuti kumbali ya pepala la kraft, tikuwona mitengo yatsika.Chifukwa chake tidawona kupsinjika mchaka chatha, koma chifukwa cha mgwirizano wamabizinesi ambiri opangira mapepala ndi mabizinesi amatumba, nthawi zonse pamakhala kuchepa pang'ono pakati pa komwe mtengo uli ndi komwe -- zomwe mumapeza. 'zikukwaniritsa, ndipo palinso zotsogola.Ndiye chimene chikuchitika tsopano, mwachionekere, ife anayenera reprice pepala kraft kwa pafupi mitengo malo pa pachaka mgwirizano malonda kuti tsopano mu msika ndi mtengo mkati. , zidzabwezeredwa pamaziko omwewo.Kotero izo ziri bwino pamsika.Tikumveketsa bwino lomwe kuti, izi zikutanthauza kuti timayamba chaka ndi mapepala a kraft ndipo chifukwa chake, komanso matumba pamitengo yotsika kuposa yomwe tidapeza pafupifupi chaka chatha ndipo izi zikuyenera kuyikidwa m'mphepete.
Pankhani yochepetsera izi, pali, monga ndanenera, zochepetsera mtengo wamtengo wapatali kwambiri pachidutswa chonsecho, ndipo zomwe zimakhudza zosinthika kapena bizinesi yamapepala a kraft, makamaka.Timapezanso buffer kuchokera kubizinesi yamatumba chifukwa mungayembekezere kuti tikhalabe ndi phindu lamitengo yotsika yamapepala.Bizinesi yathu yosinthika yapulasitiki sinakhudzidwe ndi izi, ndipo tikukhulupirira kuti pali kukula komweko.Ndikuganiza, chofunika kwambiri, pambali ya matumba, chaka chatha chinali chaka cholimba kwambiri ponena za voliyumu.Ife ndithudi tikuwona zina mwa izo.Monga ndanenera kale, dongosololi likuyenda bwino, ndipo tikuyendetsa kwambiri kuti tipezenso voliyumu yomwe idatayika yomwe tidawona, ndipo, zowona, ili ndi phindu pakubwezeretsanso malire.Chifukwa chake ndikuganiza kuti pali zinthu zingapo, koma kwakanthawi kochepa, mwamtheradi, malirewo ali pampanipani poyerekeza ndi momwe zinaliri mu 2019.
Pankhani ya Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Engineered Material , ine ndikuganiza ponena za kubweza pa likulu , ndikutanthauza, momveka , choyamba, ndi bizinesi yosiyana pang'ono.Timazindikira kuti malinga ndi momwe bizinesiyo imayendera, mwachitsanzo, mabizinesi amapepala.Tinafotokoza momveka bwino kuti tingayembekezere kukakamizidwa kwina kwa malire chaka chino m'gawo la magawo a chisamaliro chaumwini, makamaka.Tikugwira ntchito m'madera ena kuti tipange zinthu zina kuti zithetse kutsika kwamitengo kumeneko, koma sizingathetseretu.Chifukwa chake ndife omveka bwino kuti malirewo akumana ndi zovuta zambiri poyerekeza ndi zomwe 2019 ikuyembekezeka - zotsatira mu Engineered Materials.Koma monga ndanena kale, ndikuganiza kuti tili ndi zinthu zambiri zosangalatsa zikafika, monga ndikunenera, kumasulidwa, zokutira zowonjezera ndi zina zamakono mafilimu akafika poyang'ana mwachidwi zina mwazotsatira zokhazikika zomwe zimapangidwira. tikuyendetsa ngati bizinesi.Ndipo chifukwa chake tiyenera kupitiliza kuyika ndalama muzo ndikuyendetsa pa izo.Sizikhala nkhani yanthawi yayitali, koma yowonjezereka ngati yanthawi yayitali.Ndikuganiza kuti nditenganso imodzi kuchokera pansi kenako tili ndi mawaya angapo.
Cole Hathorn wochokera ku Jeffries.Andrew, ndikungotsatira momwe mungapangire makasitomala anu kugula pepala ngati kuli kotheka komanso pulasitiki ikafunika.Kodi kugula ndi kukhala nawo kumakwaniritsa zolinga zawo zonse za 2030, 2050?Ndipo nchiyani chomwe chidzafulumizitse kusintha kumeneku?Kodi mukufunikiradi kuwona malamulo a EU kapena china chake chonga misonkho kuti abwere kwa inu ndikunena kuti, "Tikufuna kukhala mwayi wotsogola komanso woyamba kusuntha, ndinu malo abwino kwambiri otipatsa mayankho amenewo?"
Inde, ndikuganiza - ndikutanthauza, momveka bwino, malamulo amathandiza.Ndipo ndikutanthauza, taziwona mwachiwonekere mu malonda a matumba kumene matumba a shopper ndipo pali kukakamiza kwakukulu kwa EU kuti kuchepetsa pulasitiki, matumba a shopper ogwiritsira ntchito kamodzi, ndipo, ndithudi, maulamuliro osiyanasiyana agwiritsa ntchito malamulo osiyanasiyana, kuyambira pamisonkho mpaka kuletsa matumba apulasitiki ogwiritsira ntchito kamodzi.Ndipo, zowona, izi zapangitsa kukankhira kwakukulu kofunikira, komwe kuli kosangalatsa kwa ife.Chifukwa chake, chifukwa chomwe tikuyikanso ndalama mu ntchito yathu ya Steti kuti tipereke magwero owonjezera a mapepala kuti akwaniritse zomwezo.Ndikuganiza kupitilira apo, momveka bwino, palinso zoyeserera -- pamisonkho yochulukirapo pazinthu zina zamapulasitiki, titha kuthandizira izi.Tikuganiza kuti ndi koyenera chifukwa vuto lalikulu ndi zonsezi ndikulowetsa ndalamazo ku chilengedwe cha njira ya pulasitiki kapena yankho losakhazikika, tiyenera kunena.Ndipo ndithudi, msonkho ndi njira imodzi yokwaniritsira zimenezo.
Koma ndikuganiza kuti zomwe ogula amakonda komanso kuzindikira kwa ogula ndizofunikira kwambiri ndipo siziyenera kunyalanyazidwa ngati kukankhira kwakukulu pano chifukwa, monga mukudziwa, magulu ambiri akuluakulu a FMCG atulutsa mawu akuluakulu polimbikitsa kukhazikika kwa ma CD awo, ndipo tsopano akuyang'ana chithandizo ndi momwe angakwaniritsire zimenezo.Apanso, tikukambirana zambiri ndi makasitomala athu onse pothandizira izi, ndipo ali ndi chidwi kwambiri ndi mayankho onse omwe timapereka.Ndipo monga ndikunena, ndipamene ndikukhulupirira kuti tili ndi chopereka chapadera chifukwa ndife -- titha kupereka gawo lathunthu la magawo.Ndipo pamene ndimayika pa slide imodzi, pepala ndi -- tingakhale okondwa kwambiri kupereka mapepala, yankho ku chirichonse, koma sichoncho.Ndipo momveka bwino, pali ntchito zingapo zomwe zida zathu zapulasitiki zimagwira ntchito yofunika kwambiri.Ndikutanthauza nkhani ya kuwonongeka kwa chakudya, yomwe ndikuganiza kuti idzakhala nkhani yofala kwambiri pazachilengedwe.Pafupifupi 1/3 yazakudya zapafamu sizifika pa mphanda.Ndikutanthauza kuti ndi nambala yodabwitsa.Mutha kudyetsa Africa yonse ndi Europe kuphatikiza ndi zomwe zidawonongeka.Ndipo kotero mutha kulingalira chilichonse chomwe chingachepetse kuwonongeka kwa chakudya chikuyenera kukhala chopindulitsa kwambiri pazachilengedwe.Chifukwa chake tikuyenera kulinganiza bwino pakati pa kuyendetsa pamapepala oyera, ndipo tikuganiza kuti pali mwayi wosangalatsa, komanso kuzindikira kuti nthawi zonse padzakhala malo opangira mayankho apulasitiki, omwe amatha kukonza kutsitsimuka kwa chakudya, kukupatsani mwayi wokwanira. , ndi zina zotero, kuti musawononge chakudyacho.Ndipo ndizo -- pali malire pamenepo, ndipo tili ndi, ndikuganiza, mwayi wambiri ndipo, monga ndikunenera, tili ndi mwayi wopereka mayankho onsewo.
Ndili ndi 2. Kuyang'ana pa Slide #7, ndikuyang'ana tchati cha miyala ndipo mwachiwonekere kubwerera kunatsika mu 2019 pamitengo.Koma tinene, kutuluka kwa 2018 ngati mtundu wa bumper, kunali ngati 19% mpaka 20%.Kodi mukuwonanso ngati kuyenda mkati, ngati 19%?Ndipo kodi ndi njira yamtunduwu yomwe mungadzithandizire nokha ngati itsika pansipa?Ndipo funso langa likulozera ku 2020 chifukwa mumapeza ena mwama projekitiwa, ndipo mwachiwonekere, ndi ndalama zogwiritsidwa ntchito komwe mudzakhala ndi ziwonetsero, ndipo mwina malingaliro ena ozungulira izi.
Chabwino.Ndikuganiza pankhani yodzithandizira, sitinatsimikizepo - sitisankha zochita zathu kutengera zomwe timalandira panthawi imodzi.Timaganiza kuti kuyendetsa njira zodzithandizira ndi chinthu chomwe tiyenera kuchita nthawi zonse.Mwachiwonekere, kuyang'ana pa zomwe mukuchita kumatsimikiziridwa ndi malo omwe akuzungulirani panthawi ina iliyonse.Ndipo zowona, pakugwa kwachuma, mutha kukakamizanso zambiri potengera njira yanu yogulitsira, ndipo ndichinthu chomwe ife, mwachiwonekere, tipitilize kuyang'ana kwambiri kutero.
Koma panthawi imodzimodziyo, timaganiza kuti ndi chinthu choyenera kuchita kuti tipitirizebe kugulitsa ndalama, monga ndanenera kale, kupyolera mumayendedwe.Tikuwona mipata yambiri yomwe sitiyenera kuchita manyazi kuyika ndalama muzinthu zoyenera ngakhale pakanthawi kochepa, ndizochepa kwambiri kapena ROCE yocheperako pakubweza kwa 20-odd.Ndikutanthauza, ngati tili ndi chidaliro kuti titha kuyika ndalama pamlingo womwe umaposa mtengo wathu wandalama, tiyenera kuyang'ana kuchita izi, mwachiwonekere poyerekezera ndi njira zina zonse, kugwiritsa ntchito ndalamazo, ndipo ndichinthu chomwe tingachite. pitilizani kuyesetsa nthawi zonse kuchita.
Inde.Ndiye chotsatira chingakhale chomwe chikukulepheretsani kuchitapo kanthu --chomwe chikukulepheretsani kuti musunthire zina mwa mwayi wowonjezerawu ndi chiyani?Monga momwe mwatchulira kuchuluka kwazachuma pamsika, komwe mungayang'ane mapepala apadera a kraft.Ndi msika womwe muli ndi utsogoleri wokhazikika m'matumba a shopper.Kodi ndizodetsa nkhawa pang'ono pozungulira?Kodi ndi mphamvu zowongolera?Kodi ndiye kuti muyenera kumaliza ntchito zomwe zikuchitika kaye, ndiyeno, mwachiwonekere, ganizirani zatsopano?Kapena ndi nthawi yayitali yaukadaulo yomwe ikufunika?
Zonsezi pamwambapa.Ayi, ndikutanthauza, momveka bwino, muyenera kuika patsogolo, ndipo tili ndi pulogalamu yayikulu ya CapEx.Mukamagwiritsa ntchito EUR 700 miliyoni mpaka EUR 800 miliyoni pachaka, ndi ntchito yayikulu.Zimatengera zambiri zamkati ndipo ndife -- ndipo muyenera kuziyika patsogolo pa izi, ndipo tikukhulupirira kuti tikulondola.Ndipo simukufuna kutenga ziwopsezo zosayenera kuchokera kuukadaulo waukadaulo.Koma nthawi yomweyo, inde, muyenera kudziwa msika.Mwachindunji, mwachitsanzo, kubwerera ku makina a Steti.Tinayimitsa makinawo chifukwa tidawona mphamvu zina zikubwera pamsika panthawiyo.Ndipo tidaganiza kuti sititaya mwayiwu podikirira kwakanthawi ndikuwona momwe zinthu zikuyendera.Ndipo zingakhale zomveka kubwereranso ndikuziwonanso.Kotero izi ndi zinthu zomwe muyenera kuziganizira.Chifukwa chake simuli -- simumayang'ana zinthu mosiyana ndi msika wonse.Koma momveka bwino, nthawi yomweyo, tili ndi mwayi wokhala ndi mwayi wogwiritsa ntchito ndalama panthawiyi ndipo ndichinthu chomwe tipitiliza kuyesetsa kuchita.
Komanso, zikomo pa udindo watsopano, kachiwiri.Basi mwina funso filosofi.Malingaliro anu okhudzana ndi kuphatikiza kwamakampani ku Europe mu boardboard.Tidalankhulapo za izi m'mbuyomu, koma mwina ndikungotsitsimutsa ngati mukuwona zabwino zilizonse?Kodi ndi chinthu chomwe mungafune kutenga nawo gawo paudindo wanu watsopano?Kapena ndi chinthu chomwe mungasunge - chomwe mumakonda kukula mwachilengedwe?
Monga ndidanenera, ndikuganiza - zikomo, Brian, chifukwa cha funsoli.Ndikuganiza kuti tabwerera ku zofunika zathu.Tikuganiza kuti tili ndi zosankha zabwino kwambiri kuti tipitilize kukulitsa bizinesi yathu.Koma mofananamo, M&A ndi mwayi kwa ife, ndipo tiyenera kukhala amoyo ku mwayi umenewo, ndipo tidzapitiriza kuufunafuna.Ndikuganiza kuti kuphatikizika pakokha ndi -- kuli ndi zokopa, koma kuyenera kuwonedwa potengera kulenga kwamtengo komwe mungakhale nako.Ndiye mumalipira chiyani ndipo muyenera kukhala omveka bwino kuti mutha kuyendetsa mwayi weniweni wa synergy kuchokera pakuphatikizana koteroko ndipo kumapanga mwayi weniweni wampikisano.Chifukwa chake zinthu zonsezi muyenera kuziganizira nthawi zonse.Chifukwa chake sichinthu chomwe tachiletsa.Nthawi yomweyo, ndife omveka bwino kuti, izi ziyenera kukwaniritsa zowerengera zathu.
Chabwino, chabwino.Ndipo kenako -- tsopano pakukwera kwamitengo komwe mudalengeza, pali zambiri zatsopano zomwe zikubwera kumapeto kwa chaka chino ndipo mphamvu zambiri zadzaza kumapeto.Kodi pali chiwopsezo choti musiye zina mwazokwera mtengo izi zikafika pamsika?
Ndikuganiza kuti tili ndi chidaliro kwambiri pazomwe tili nazo pakadali pano, ndipo tipitiliza kukambirana ndi makasitomala athu zakukwera kwamitengo komwe kulipo.Ndikuganiza kuti zomwe zidzachitike m'tsogolo zimatsimikiziridwa ndi zinthu zambiri zosiyanasiyana.Ndikuganiza, inde, pali mphamvu zatsopano zomwe zikubwera, koma palinso kukula bwino malinga ndi kukula kwa kamangidwe kameneka m'malo owonongeka, omwe timakhulupirira kuti sizidzatha posachedwa.Tilinso ndi zovuta kuzungulira China.Mwachiwonekere, ndi mutu pakali pano pazifukwa zina, koma ndikuganiza kuti tikuwonabe, nkhani yoletsa kuitanitsa kwa China ku mbali ya OCC ikubwera.Ndi zolinga zonse zomwe zikubwera kumapeto kwa chaka chino, zomwe ziyenera kukhala ndi zotsatira pa malonda a padziko lonse pa bolodi, njira imodzi kapena imzake.Choncho mfundo zonsezi ziyenera kuganiziridwa.Chifukwa chake ndikuganiza kuti kuyang'ana makamaka pakuwonjezeka kwa mphamvu ku Europe mwakudzipatula nthawi zonse ndikolakwika.
Mmodzi wofulumira kuti afotokoze pamitengo yamabokosi.Kodi ndizabwino kunena kuti ngati kukwera kwamitengo kwamitengo kumadutsa mubokosilo kumakhala kokhazikika chaka ndi chaka?
Ndikuganiza, monga ndidanenera kale, Ross, ndikuganiza, momveka bwino, kukwera kwamitengo yamabokosi kungakhale kuthandizira pamitengo yamabokosi.
Ndikuganiza kuti ndi ntchito ya masamu, sichoncho?Chifukwa chake tidzayenera kumvetsetsa zomwe zimatengera mitengo yamabokosi omwe angakhudze mitengo yamabokosi.Koma ndendende zomwe zotsatira za chaka ndi chaka ndi funso la nthawi yamitengo iyi.Ine sindikanafuna kuganiza za izo pakali pano.
Chabwino.Ine ndikuganiza ife tiri nayo nthawi.Ngati pali funso linanso kuchokera pansi?Pepani, Wade.M'malo mwake, tilibe nthawi, koma tipanga nthawi.
Wade Napier wochokera ku Avior Capital Markets.Andrew, mudalankhulapo za kuthekera kwanu kopanga zida zapadera mkati mwabizinesi yazotengera zoyera zoyera komanso zowuluka ndipo tsopano mukunena zaukadaulo wapapepala.Popeza mitengo yatsika pamapepala a kraft, kodi mitengo ya mapepala apadera yatsika kuchokera ku magiredi anu omwe amagwiritsidwa ntchito pazomanga?Ndiyeno mungatikumbutse kuti kuchuluka kwa bizinesi yamapepala a kraft ndi magiredi apadera?
Ndiyeno funso langa lachiwiri likanakhala mkati mwa bizinesi ya Uncoated Fine Paper, panali magawo ambiri osuntha ndi kutsekedwa kwa Merebank PM - mmodzi wa PMs kumeneko ndi Neusiedler.Kodi mumafuna chiyani mubizinesiyo?Ndipo mukuwona bwanji msika ukuyenda mu 2020, mutapatsidwa kufooka kwamitengo kumbuyo kwa chaka chatha ndipo mungatipatse mtundu kumeneko?
Zedi.Inde, ndikutanthauza, kungonena zachindunji, zilipo -- ndipo ndikudziwa kuti mawu oti zapadera amatha kugwiritsidwa ntchito mosiyanasiyana.Chifukwa chake timalankhula za boardboard, pali magiredi abwinobwino kapena mtundu wamtundu wapadziko lonse wa kraftliner wosasunthika wobwezeretsanso kenako mumakhala ndi niche kapena ntchito zapadera ngati white top ndi semichem.
Pamapepala a kraft, timasiyanitsa pakati pa mapepala a thumba la kraft, omwe nthawi zambiri amapita ku thumba lanu la mafakitale.Ndiyeno zapadera, zomwe zimagwira ntchito zosiyanasiyana kuchokera ku MG, MF, mitundu iyi ya -- magulu awa.Pankhani ya kuchuluka kwa bizinesi yathu, ndi pafupifupi matani 300,000 a matani athu 1.2 miliyoni, matani 1.3 miliyoni opanga mapepala onse.Kusinthasintha kwamitengo ndi kosiyana.Ndipo mofananamo, zoyambira zomwe zimafunidwa ndizosiyana kwambiri pakadali pano.Tikuwona - kumbali ya thumba la kraft, monga ndidanenera, zilidi - pali zofooka zomwe tidaziwona mu 2019, ndipo tiwona momwe zimachitikira chifukwa ndikumanga kopitilira muyeso, makamaka m'malo omwe, monga ndikunena, misika yathu yotumiza kunja.Pamagawo apadera, zambiri zomwe zimalowa m'mapulogalamu opangira ma niche kuti agwiritse ntchito malonda ambiri kenako ntchito zina zonse zapadera, mwachitsanzo, kutulutsa mapepala ndi izi.Kotero ndizosiyana kwambiri, misika yosiyana.Ndipo -- koma nthawi zambiri, chithunzi chofunidwa chimakhala champhamvu kwambiri m'derali.Ndipo ndi -- tikuwona kukula kwabwino.Palinso mpikisano komweko, monga momwe mungaganizire, ikukopanso omwe akupikisana nawo pamalowo.Ndiye mukuwona kusewera kwamphamvu uku.Koma kukakamizidwa kwenikweni kwamitengo kwakhala kokulirapo kumbali ya sack kraft yomwe ikubwera chaka chino.
Ponena za chithunzi chabwino cha pepala, ndikutanthauza, kuti ndimveke bwino, zigawo zokhazokha zenizeni zosuntha, ngati mumazitcha kuti kuyambira chaka chatha ponena za kusintha kwapangidwe kuchokera ku bizinesi yathu kunali kutsekedwa kwa makina amodzi a pepala ku Merebank.Kunja kwa izo, ndi bizinesi-monga mwachizolowezi mu nkhani.Ndikuganiza zomwe mukunenazi ndikuti tidapumula ku Neusiedler chifukwa Neusiedler ndiwokhazikika kwambiri pamapepala apadera, ndikugwiritsa ntchito mawuwa mobwerezabwereza, pamapepala abwino, muli ndi zinthu zapamwamba kwambiri. ndipo kwenikweni Neusiedler ndiwopanga kalasi yoyamba, ndipo ndikofunikira kwambiri kuti imayang'ana kwambiri.Ndipo ndicho cholinga chake.Ngati msikawo uli wofewa, sitikhala tikupanga zinthu zamtengo wapatali pa ntchito ya Neusiedler.Chifukwa chake timakhala achangu nthawi zonse zikafika momwe timayendetsera ntchitoyo.
Pankhani ya msika wonse, chifukwa, kachiwiri, pokhala opanga otsika mtengo, tili otsimikiza kuti tikhoza kupanga ndalama pa tani iliyonse yomwe timatulutsa pa ntchito zathu zazikulu zophatikizika.Funso kwa ife ndiloti kamangidwe ka nthawi yayitali.Mwachiwonekere, mapepala abwino ndi chinthu chopangidwa nthawi zambiri, pakutsika kwamitengo m'misika yokhwima.Ndizokhazikika kwambiri m'misika yomwe ikubwera.Koma ndizomwe timakonzekera ngati bizinesi ikupita patsogolo.
Ndikuganiza kuti titsekera kumeneko.Zikomo kwambiri chifukwa cha chidwi chanu ndi kutuluka lero pa tsiku lozizira komanso lamvula kuno ku London, koma zikomo pa intaneti komanso chifukwa cha chidwi chanu, ndipo ndibweretsa izi kumapeto.Zikomo kwambiri.
Nthawi yotumiza: Mar-11-2020