00336 2.1%4,326,486,000 2.4%2,320,145,000 0.5%1,986,584,000 0.4%64.02 17.4%2,141,895,000 + 14.0% 3,626,091,000 # 2,875,813,0008.5% 31.7250% + # * 1
4,326,486 4,237,425 +2.1% 3,025,317 2,998,119 +0.9% 69.9% 70.8% 2,320,145 2,377,244-2.4% EBIT 53.6% 56.1% 2,386,247 2,417,245-1.3% 1,986,584 1,977,325 +0.5% 2,141,895 1,824,923 +17.4% 2,875,813 2,651,614 +8.5% 64.02 63.76 +0.4% 63.93 63.72 +0.3% 8 31.72 11.56 8 17.49 50% 46% 2
2 4,326,486 4,237,425 3 (1,301,169) (1,239,306) 3,025,317 2,998,119 4 263,205 204,571 3 (204,650) (169,936) 3 (763,727) (655,510) 2,320,145 2,377,244 83,095 54,352 (13,988) (11,997) 5 69,107 42,355 (3,005) (2,354) 2,386,247 2,417,245 6 (391,054) (420,381) 1,995,193 1,996,864 1,986,584 1,977,325 8,609 19,539 1,995,193 1,996,864 7(a) 64.02 63.76 7(b) 63.93 63.72 8 295,531 594,714 8 689,158 306,539 984,689 901,253 3
1,995,193 1,996,864 13,461 62,398 6,341 126,031 19,802 188,429 2,014,995 2,185,293 2,006,322 2,157,918 8,673 27,375 2,014,995 2,185,293 4
5 1,405,495 1,425,497 194,060 200,247 2,897,367 2,931,430 227,795 239,044 6,987 7,442 225,217 154,504 65,194 66,208 5,022,115 5,024,372 818,433 855,694 9 1,309,693 1,341,399 124,535 5,196 951,802 806,400 2,674,289 2,375,345 5,878,752 5,384,034 10,900,867 10,408,406 310,432 310,132 1,188,606 1,110,334 325,329 217,092 7,670,008 6,722,684 9,169,046 8,685,571 234,796 314,658 9,403,842 9,000,229 72,607 92,676 10 750,278 530,131 11 562,030 652,094 112,110 133,276 1,424,418 1,315,501 1,497,025 1,408,177 10,900,867 10,408,406 4,454,334 4,068,533 9,476,449 9,092,905
2,582,464 2,245,508 (440,569) (420,585) 2,141,895 1,824,923 15,993 (138,136) (52,558) 10,952 (95,877) (154,179) (161,946) 375 233 (144,425) (361,229) 3,089 843 83,088 48,344 (349,535) (595,898) (1,565,695) (776,719) (58,669) (5,242) 3,221 9,271 (13,937) 290,150 65,131 (65,150) (93,985) (30,000) (13,489) (13,030) (1,497,567) (770,576) 294,793 458,449 2,375,345 1,886,183 4,151 30,713 2,674,289 2,375,345 6
1. (a) 32 101227 36 39 21 (b) 19 20122010-2012 20132011-2013 14 11 1638 1641 1028 27 20142012-2014 1012 28 1 15 9 7
2. (1) (2) (3) (4) 3,229,796 974,301 86,769 85,075 4,375,941 4,375,941 (20,697) (28,727) (31) (49,455) (49,455) 3,209,099 945,574 86,769 85,044 4,326,486 4,326,486 1,898,165 417,891 15,311 10,654 2,342,021 (21,876) 2,320,145 83,095 (13,988) 69,107 (3,005) 2,386,247 (391,054) 1,995,193 7,204,941 3,353,107 161,573 164,299 10,883,920 16,947 10,900,867 8
3,143,885 1,070,170 21,003 84,688 4,319,746 4,319,746 (81,969) (339) (13) (82,321) (82,321) 3,061,916 1,069,831 21,003 84,675 4,237,425 4,237,425 1,981,437 422,683 (14,360) 7,760 2,397,520 (20,276) 2,377,244 54,352 (11,997) 42,355 (2,354) 2,417,245 (420,381) 1,996,864 6,708,824 3,353,762 147,477 167,256 10,377,319 31,087 10,408,406 9
3. (a) 124,596 126,367 44,304 44,929 8,873 82,542 1,026,344 881,195 (507) 386 38,153 25,963 8,360 8,188 49,443 33,954 337,764 293,580 (a) 256,205 243,517 49,621 51,875 84,368 106,562 21,237 19,764 25,217 15,610 43,518 17,473 14,167 15,533 12,921 12,188 124,962 85,126 2,269,546 2,064,752 (a) 26,548 17,188 886 4,596 94,727 100,384 10
4. 28,658 3,487 2,180 229,442 172,891 (5,549) 26,691 4,987 4,989 5. 263,205 204,571 83,095 54,352 (13,988) (11,997) 69,107 42,355 6. (a) 13,408 11,156 (b) 400,000 412,481 (c) 139 139 (d) 1,023 784 (23,516) (4,179) 391,054 420,381 (a) (b) (c) (d) (e) 16.5%16.5%) 15%15%) 15%15%) 11
7. (a) 1,986,584 1,977,325 3,103,145 3,101,359 64.02 63.76 (b) 1,986,584 1,977,325 3,103,145 3,101,359 4,170 1,671 3,107,315 3,103,030 63.93 63.72 12
8. 9.528.68 295,531 269,194 10.49 325,520 295,531 594,714 22.209.88 689,158 306,539 984,689 901,253 9. (a) 936,735 970,628 (7,044) (7,787) 929,691 962,841 224,940 241,334 106,060 89,706 13,473 10,321 35,529 37,197 1,309,693 1,341,399 (a) 0180 090 837,444 840,994 91180 47,365 86,909 181360 14,087 20,583 360 37,839 22,142 936,735 970,628 13
10. (a) 15,150 15,131 (b) 735,128 515,000 750,278 530,131 (a) (b) 6.30 2.24 2.39 13,878,000 11,932,000 11. (a) 394,759 446,029 93,985 3,707 70,723 46,632 39,378 7,663 9,454 6,828 2,345 2,383 45,371 44,867 562,030 652,094 (a) 14 090 271,306 338,224 91180 88,508 59,860 181360 12,296 14,558 360 22,649 33,387 394,759 446,029
5,0991052.1% 13,5901,116 8.9%10,000 10,51895810.0% 5426212.9% 431 41 200 1,333674.8% 1,420523.5% 3.1%(10.6%) 3,682.5 197.65.7% 130 15
37.2 5002428 3,500 235225 215 820110 4.9%6 272 23 9610% 16
1 2 345 11,256 37,0007.8% 1.3 10.98.0%5.1 7,6001.2%12.4 3% 17
3%11% 1416.5 18
20% 30-35% 5-8% 1,02516.8%529 19.0%2.67 6.7% 62.8 185.231.0% 33.3%27.9% 26.6%8.1% 46.5%14.0% 19
SPV 7,32882%5,537 74%465236% 5,000-6,000 3,000300 TechNavio 2015 2019 20
43.26 2.1%69.9%0.9EBIT 53.6%2.519.87 0.5%64.02 0.4% 3,209,099,0004.8%EBIT59.1% 64.7%5.6EBITDA61.8% 67.4%5.6 2014100 OHSAS 18001:2011 A 1.1%0.5% 21
12 3 22
UV 2014 IntertekFSSC 22000 23
24
945,574,000 11.6%417,891,000 1.1%EBIT44.2%39.5% 4.7 001 2014 86,769,000 21,003,000 15,311,00014,360,000 EBIT17.6% 25
85,044,0000.4%10,654,000 37.3%EBIT12.5% 9.2%3.3 51% 26
SPV STORMVSPV SPV SPV SPVSPV SPV 27
256,205,00012,688,000 5.9%5.7% 28
4,326,486,000 4,237,425,0002.1% 4.8% 65,766,000 11.6% 3,209,099,00074.2% 945,574,00021.8%86,769,000 2.0%85,044,0002.0% 1,301,169,000 1,239,306,0005.0% 2,998,119,000 3,025,317,0000.9% 69.9%70.8%1 263,205,000204,571,00058,634,000 204,650,000169,936,00020.4% 4.7% 4.0% 29
763,727,000 655,510,00016.5% 17.7%15.5%2.2 2,320,145,000 2,377,244,0002.4% 56.1%53.6% 391,054,000 420,381,0007.0%16.4% 17.4%1 1,986,584,000 1,977,325,0000.5% 4,454,334,000 4,068,533,000 3,626,091,000 3,181,745,00097% 750,278,000 530,131,000735,128,000 2.242.39; 6.306.30 8.2% 6.1% 30
349,535,000 595,898,000 1,497,567,000 770,576,000 3600-180 7976 3 360180.116 1204 818,433,000 855,694,000 360232 2266 37,261,000 31
12,000,000 12,000,000 274,175,000 44,709,000193,520,000 2,300200 432,491,000393,964,00038,527,000 32
25 16 25 14 38 A.2.1A.4.1 A.2.1 33
A.4.1 10.497.00 18322 34
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