A N N U A L R E P O R T A N D A C C O U N T S - CMVM

Management Report of the Board of Directors - Financial Year 2008
Within the scope of an internal reorganisation strategy and
with the objective of optimising the execution of new
contracts, the Company invested strongly in the renewal of
its fleet and in the acquisition of last generation vehicles
and equipment, also more efficient and environmentally
friendly, for an overall amount of EUR 3,044 thousand,
which represents a 58% increase compared to the previous
year.
The technical-commercial activity also experienced a boost,
having prepared a total of 196 bids for an overall sum of EUR
113,85 thousand, which represents a 26% increase
compared to the previous year, participating in almost all the
main Waste Collection and Urban Cleaning public tenders
launched during the year in Portugal.
86 Urban Cleaning / Lamego
26% of the abovementioned bids were awarded, which is
considered very satisfactory. The value of these contracts, to
be executed within a period of 1 to 8 years, amounted to EUR
29,439 thousand, compared to EUR 803 thousand in the
previous year.
The activities carried out regarding Common Industrial Waste
with the Management of Aggregates Landfills and the
Gardens and Green Spaces area, besides the strategic
areas, contributed significantly to numerous operations and
diversified customers, representing about 25% of total profits,
while the Waste Collection and Urban Cleaning activity
accounted for the remaining 75%.
Some of the most significant operations that were carried out
or in progress in 2008 are described below, by type of activity:
In the field of Urban Solid Waste Collection and/or Urban
Cleaning, we highlight the contracts in progress with the City
Halls of Ovar, São João da Madeira, Lamego, Alenquer, Vale
de Cambra, Cascais and Porto.
Within the scope of Garden Design, Execution and
Maintenance, several contracts held with the Municipality of
Oeiras, the Parish of Alfornelos and with several private
entities.
87 Design, Execution and Maintenance of Gardens / Oeiras
In the field of Cleaning of Beaches and Coastal Areas, we
highlight the works carried out for the Municipality of Peniche.
In the field of Container Washing, the contracts held with
Municipalities of Bombarral, Peniche, São João da Madeira,
Lamego, Alenquer, Vale de Cambra, Cascais and Porto.
The Company will continue to pursue its efforts to assure the
permanent renewal and modernisation of equipment, the
implementation of proactive, flexible management
methodologies with greater proximity to the customers and
operations, as well as a strict follow-up of the fair working
conditions provided to all the staff, which is, after all, the
company’s main asset.
Despite the context of uncertainty that the near future holds,
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