Annual Report 2012 EUROPE BELGIUM BULGARIA ... - Duferco

It is not often that one can be satisfied
with a year-on-year drop in results
of circa 50%. It is therefore with some
trepidation when we say we should
nonetheless be pleased with the operating
results achieved in the last financial year.
If we assess our performance against the backdrop of the very
challenging macro economic conditions facing our sector as a whole,
it becomes clear that we achieved much in a very unpredictable
environment. When benchmarked against many of our peers, we feel
our centralised management model and strong presence in resource
economies has continued to serve us well in these turbulent markets.
Trading | 17