natgillin/translations-raw huggingface dataset:
I 2003 havde virksomheden bl.a. (indtil fusionen med Biria i oktober) en positiv egenkapital på 404 mio. EUR og et overskud på 2,1 mio. EUR. Virksomhedens økonomiske situation var i 2003 forbedret i forhold til 2001/2002 som følge af de konsolideringsbestræbelser, der indledtes i slutningen af 2002, samt en gunstigere markedssituation.
Among other things, the company had positive own capital of EUR 404m for 2003 (until the merger with Biria in October 2003) and generated a profit of EUR 2.1m. Its economic situation had improved in 2003 compared with 2001/2002 thanks to consolidation efforts launched at the end of 2002 and to an improved market situation.
Selv om virksomhedens likviditetssituation var vanskelig, var den ikke »alvorlig«.
Germany points out that, although the company's liquidity situation was difficult, it was not ‘serious’.
Der havde ikke været nogen risiko for, at de private pengeinstitutter ikke ville forlænge deres kreditter.
There had been no danger that the private banks would not extend their credit lines.
Høje rentebetalinger havde ikke have resulteret i likviditetsproblemer, som hævdet af Kommissionen.
Moreover, high interest payments would not have led to liquidity problems as claimed by the Commission.
Hvad angår garantien til Biria GmbH (i mellemtiden Biria AG) anfører Tyskland, at den var indrømmet på grund af Biria-gruppens nye koncept, der gik ud på at fusionere gruppens organisation og koncentrere indkøb, produktionsansvar og distribution hos Biria GmbH.
As regards the guarantee for Biria GmbH (now Biria AG), Germany points out that the basis for it was the new plan of the Biria Group for streamlining its organisation and concentrating procurement, production responsibilities and distribution at Biria GmbH.
Ud over finansieringsbehovet til at øge omsætningen, omfattede planen også en omlægning af gruppens samlede finansiering.
Apart from the financing needed to increase turnover, the plan also included a reorganisation of group financing.
Ifølge Tysklands opfattelse var Biria GmbH (nu Biria AG) ikke nogen kriseramt virksomhed, da garantien blev indrømmet.
Germany claims that Biria GmbH (now Biria AG) was not in difficulty at the time the guarantee was provided.
I denne forbindelse skal der sondres mellem det gamle og det nye Biria AG.
In its view, a distinction has to be made between Biria AG as was and the new Biria AG.
Det nye selskab kunne kun betragtes som kriseramt, hvis det havde arvet det gamle selskabs vanskeligheder. (Hvis det gamle selskab havde været i vanskeligheder).
The latter can be considered in difficulty only if it had inherited the difficulties of the old company (in the event of there being any).
Det var imidlertid ikke tilfældet med det nye Biria AG. Det nye Biria AG opstod ved en fusion mellem det gamle Biria AG og Sachsen Zweirad GmbH.
This is, however, not the case with the new Biria AG, which resulted from a merger of Sachsen Zweirad GmbH and Biria as was.
Sachsen Zweirad GmbH, der på ingen måde var i vanskeligheder, og som var økonomisk dominerende ved fusionen.
Sachsen Zweirad AG, which was not in difficulty, dominated the merger economically.
Derfor kan man ikke automatisk gå ud fra, at det nye Biria befandt sig i vanskeligheder.
It cannot therefore be automatically assumed that the new Biria AG would be in difficulty.
Selv om det gamle Biria AG havde været i vanskeligheder, medførte fusionen med Sachsen Zweirad GmbH, at det nye Biria AG automatisk ikke længere var i vanskeligheder.
Even if Biria AG as was had been in difficulty, the merger with Sachsen Zweirad GmbH would have meant that the new Biria AG would not automatically have found itself in difficulty.
Tyskland henviste endvidere til, at grunden til, at en af de private banker trak sig ud af finansieringen af virksomheden, var, at der blev foretaget en strategisk omlægning inden for banken som følge af en fusion.
Germany also explained that the withdrawal by one of the private banks from the financing operation was due to a revamping of the bank's strategy following a merger.
De to øvrige banker bragte samtidig deres engagement til ophør.
The other two banks ended their involvement at the same time at this private bank.
Det kan dog ikke tages som tegn på manglende tillid, da en af disse banker fortsat var med til at finansiere to enkeltprojekter.
This cannot however, be seen as a sign of a lack of confidence as one of the banks still provided financing for two separate projects.
Tyskland henviste endvidere til, at fusionen mellem Sachsen Zweirad GmbH og Biria AG ikke havde til formål at omgå støttebestemmelserne og klassificeringen af virksomheden som en kriseramt virksomhed, men var en følge af gruppens nye koncept.
Germany points out that the merger of Sachsen Zweirad GmbH and Biria AG was not designed to circumvent the state aid rules and classification of the company as a company in difficulty but was the consequence of a new plan for the group.
Med hensyn til bemærkningerne fra den konkurrent, der ønsker at forblive anonym, anfører Tyskland, at tallene for konkurrentens og Birias omkostningsstruktur ikke kan sammenlignes.
In reply to the comments by a competitor who wished to remain anonymous, Germany argues that the figures on the cost structure of the competitor and Biria are not comparable.
Konkurrentens omsætning er forøget, mens Biria-gruppens salg gik tilbage.
The turnover of the competitor has increased while the sales of the Biria Group have decreased.
Samtidig faldt konkurrentens EBITDA (driftsresultat før renter, skat og afskrivninger), medens Biria-gruppens fortsat lå på samme niveau.
At the same time, the EBITDA of the competitor fell while that of Biria Group remained constant.
Det viser, at Biria ikke sælger til dumpingpriser, og at konkurrenten tværtimod har ført en mere aggressiv prispolitik end Biria-gruppen.
This shows that Biria does not sell at dumping prices and that the competitor has engaged in more aggressive price behaviour than the Biria Group.
De økonomiske vanskeligheder, som konkurrenten tilsyneladende har haft på grund af Biria-gruppens adfærd, var hverken dokumenteret eller beskrevet på en sammenhængende måde.
Germany argues that the economic disadvantages apparently suffered by the competitor because of the Biria Group's behaviour are not borne out by facts or presented in a coherent manner.
Det blev endvidere fremhævet, at det er normalt, at en virksomhed underbydes af en konkurrent på et marked med fri konkurrence.
It also points out that it is normal in a competitive market for a company to be undercut by a competitor.
Med hensyn til Biria-gruppens salg af aktiver til Lone Star-gruppen, fremlagde Tyskland oplysninger vedrørende salget samt vedrørende indfrielsen af private og offentlige fordringer.
As regards the sale of the assets of the Biria Group to the Lone Star Group, which was mentioned by the competitor, Germany provided details on the sale as well as on the repayment of private and public claims.
Som svar på bemærkningerne fra Prophete, Pantherwerke og Vaterland-Werke anfører Tyskland, at cykelmarkedet kan opdeles i tre og ikke i to segmenter som hævdet af disse virksomheder. De tre segmenter er engroshandlen inden for branchen, postordresalg og selvbetjeningsforretninger.
In reply to the comments by Prophete and Pantherwerke and by Vaterland-Werke, Germany points out that the market for bicycles is divided into three segments, and not two as claimed by these companies.
Biria har en stærk position inden for postordrehandelen, som imidlertid i mindre grad skyldes en aggressiv prispolitik, men snarere overholdelse af leveringsfrister.
The three segments are specialised trade, mail order/catalogue sales and self-service premises.
Inden for selvbetjeningssegmentet er MIFA AG den førende udbyder, mens Birias andel ligger under 10 %.
Biria has a strong position in the mail order segment due less to aggressive pricing than to just-in-time deliveries, while in the self-service segment MIF AG is the leading supplier, with Biria having less than 10 % of the market.
Tyskland tilbageviser Vaterland-Werkes påstand om, at Biria planlægger en udvidelse af sine aktiviteter gennem en aggressiv prispolitik og henviser til de oplysninger, der allerede er fremlagt under undersøgelsesproceduren.
Germany rejects the assertion by Vaterland-Werke that the Biria Group planned to expand its activities further through an aggressive pricing policy and makes references to information already submitted in the context of the investigation procedure.
Tyskland oplyser, at Biria AG i 2003 producerede 670000 cykler, og produktionen siden har været faldende.
It points out that Biria AG produced 670000 bicycles in 2003 and that production has been falling since.
Støttemodtager
The relevant undertaking
Støtten blev ydet til Sachsen Zweirad GmbH og Biria GmbH (nu Biria AG) samt Bike Systems, der er et datterselskab af Biria GmbH.
The aid was granted to Sachsen Zweirad GmbH and Biria GmbH (now Biria AG) as well as to Bike Systems, a subsidiary of Biria GmbH.
Kommissionen konstaterer, at salget ifølge de forelagte oplysninger blev gennemført efter afholdelse af et åbent gennemsigtigt og betingelsesløst udbud.
The Commission notes that, judging by the information provided, the assets were sold following an open, transparent and unconditional tender.
Ifølge de tyske oplysninger blev salgsværdien af aktiverne af en sagkyndig fastsat til 10,7 mio. EUR. Den pris på 11,5 mio. EUR, som Lone Star-gruppen betalte, lå derfor over vurderingsprisen.
According to Germany, an expert opinion put the sales price of the assets at EU-10.7m. The price paid by the Lone Star Group (EUR 11.5m) was thus above the estimated price.
På basis af de foreliggende oplysninger konkluderer Kommissionen, at der ikke er noget, der tyder på, at Lone Star-gruppen opnåede nogen som helst fordel af støtten, og dermed skulle være direkte eller indirekte støttemodtager i forhold til den støtte, der var indrømmet Biria GmbH (nu Biria AG) og Bike Systems.
On the basis of the information at its disposal, the Commission therefore comes to the conclusion that there is no evidence to suggest that any advantage accrued to the Lone Star Group as a result of the aid or that the Lone Star Group would thus be a direct or indirect beneficiary of the state aid granted to Biria GmbH (now Biria AG) and Bike Systems.
En foranstaltning der tilsyneladende er gennemført på markedsvilkår
Measure purportedly provided on market conditions
Efter tysk opfattelse blev gbb’s passive kapitalindskud i Bike Systems (foranstaltning 1) foretaget på markedsvilkår.
According to Germany, ggb's silent participation in Bike Systems (Measure 1) was provided on market conditions.
Risikoen i forbindelse med et passiv kapitalindskud svarer til risikoen ved et efterstillet lån og skal derfor behandles som et lån, der er behæftet med stor risiko.
A silent participation is comparable in terms of risk to a subordinated loan and should thus be treated as a high-risk loan.
I tilfælde af insolvens eller konkurs bliver det passive kapitalindskud først indfriet, efter at alle andre forpligtelser er opfyldt.
In the case of bankruptcy or liquidation, it is paid back only after all other liabilities have been honoured.
Den risiko, der er forbundet med et passiv kapitalindskud, er derfor større end risikoen ved et traditionelt banklån, som normalt sikres på bankens betingelser og afspejler Kommissionens referencesats.
The risk associated with the participation thus exceeds that associated with a traditional bank investment loan, which is normally secured on the conditions required by the bank and reflected in the Commission's reference rate.
Kompensationen for en sådan interesse bør derfor ligge klart over Kommissionens referencesats.
The remuneration to be paid for such a participation should thus significantly exceed the reference rate.
På det tidspunkt, hvor kapitalindskuddet blev foretaget, var Kommissionens referencesats 6,33 %.
The Commission's reference rate at the time was 6.33 %.
I forbindelse med kapitalindskuddet blev der aftalt en fast kompensation på 8,75 % samt en variabel kompensation på 3,5 %, der var afhængig af et eventuelt overskud.
The participation was provided with a fixed remuneration of 8.75 % plus a variable remuneration of 3.5 %, depending on the profits made.
Den aftalte kompensation ligger derfor over Kommissionens referencesats.
The agreed remuneration is thus higher than the Commission's reference rate.
Bike Systems var imidlertid netop ved hjælp af en konkursplan blevet hjulpet ud af en konkurs.
However, Bike Systems had just came out of insolvency through the adoption of an insolvency plan.
Virksomhedens fremtidsudsigter var usikre, da der kun var gennemført en begrænset omstrukturering af driften.
Its future prospects were uncertain as only a limited operational restructuring had been carried out.
Ifølge virksomhedens årsberetning for 2001 havde den stadig underskud i det pågældende år.
According to the company's annual report for 2001, the company still recorded losses that year.
Egenkapitalen var fortsat negativ, selv om det ikke medførte insolvens takket være skjulte reserver.
Its own capital was still negative although, thanks to hidden reserves, this did not trigger insolvency.
Bike Systems skal derfor betragtes som en kriseramt virksomhed på det pågældende tidspunkt.
Bike Systems must, therefore, be regarded as a company in difficulty at that time.
Kommissionen finder derfor, at kompensationen ikke stod i et rimeligt forhold til risikoen, og at det passive kapitalindskud ikke blev foretaget på markedsvilkår.
Accordingly, the Commission considers that the remuneration was not proportional to the risk and that the silent participation was not provided on market conditions.
Det passive kapitalindskud gav derfor Bike Systems en fordel, som virksomheden ikke kunne have opnået på markedet.
The silent participation thus conferred on Bike Systems an advantage that the company would not have obtained on the market.
Støtte, der tilsyneladende er dækket af godkendte støtteordninger
Aid purportedly covered by approved aid schemes
Garantien til fordel for Sachsen Zweirad GmbH til et driftslån på 5,6 mio. EUR (foranstaltning 2) og garantien til fordel for Biria GmbH (nu Biria AG) til et driftslån på 24,875 mio. EUR (foranstaltning 3) blev indrømmet på basis af delstaten Sachsens garantibestemmelser.
The guarantee in favour of Sachsen Zweirad GmbH for an operating credit of EUR 5.6m (Measure 2) and the guarantee in favour of Biria GmbH (now Biria AG) for an operating credit of EUR 24.875m (Measure 3) were granted under the loan guarantee scheme of the Land of Saxony.
Indrømmelse af garantier til omstrukturering af en stor virksomhed skal dog anmeldes individuelt til Kommissionen.
The provision of guarantees for the restructuring of a large undertaking must, however, be notified to the Commission in each individual case.
Ifølge Tyskland blev de gældende regler overholdt, og garantierne er derfor i overensstemmelse med ordningen.
According to Germany, the conditions of the scheme were met and the guarantees therefore comply with the scheme.
Tyskland er af den opfattelse, at Sachsen Zweirad GmbH og Biria GmbH (i dag Biria AG) ikke var i vanskeligheder på det tidspunkt, garantien blev indrømmet. Garantierne blev stillet som sikkerhed for driftslån, hvilket er tilladt ifølge støtteordningen.
Germany considers that Sachsen Zweirad GmbH and Biria GmbH (now Biria AG) were not in difficulty at the time the guarantees were provided to secure working capital loans, something which is admissible under the aid scheme.
Kommissionen er ikke enig i, at garantierne er i overensstemmelse med den støtteordning, på hvis grundlag de tilsyneladende er indrømmet.
The Commission does not agree that the guarantees are compatible with the aid scheme under which they were allegedly provided.
I modsætning til Tyskland finder Kommissionen, som nedenfor belyst, at Sachsen Zweirad GmbH var en kriseramt virksomhed på det tidspunkt, da garantien blev stillet i marts 2003, og at Biria GmbH ligeledes var i vanskeligheder på det tidspunkt, garantien blev stillet i december 2003.
As will be explained in more detail below, the Commission, unlike Germany, considers that Sachsen Zweirad GmbH was a company in difficulty at the time a guarantee was provided in March 2003 and that, in its turn, Biria GmbH was also a company in difficulty at the time a guarantee was provided in December 2003.
Indrømmelse af garantier til omstrukturering af en kriseramt virksomhed skal imidlertid i hvert enkelt tilfælde anmeldes til Kommissionen.
The provision of guarantees for the restructuring of a company in difficulty must, however, be notified to the Commission in each individual case.
Garanti til fordel for Sachsen Zweirad GmbH (foranstaltning 2)
Guarantee for Sachsen Zweirad GmbH (Measure 2)
Ifølge Tysklands opfattelse udviste Sachsen Zweirad GmbH ikke nogen af de typiske tegn for kriseramte virksomheder, der er nævnt i rammebestemmelserne [6].
Germany argues that Sachsen Zweirad GmbH did not show any of the typical signs of a company in difficulty within the meaning of the Community Guidelines [6].
Kommissionen henviser til, at de i punkt 6 i rammebestemmelserne anførte typiske symptomer for en kriseramt virksomhed kun er holdepunkter for, hvornår en virksomhed kan betragtes som kriseramt, men dog ikke skal betragtes som betingelser, der skal være opfyldt kumulativt.
The Commission points out that the typical signs of a firm being in difficulty, which are mentioned in point 6 of the Community Guidelines, give merely an indication of when a company can be considered to be in difficulty and do not have to be met cumulatively.
Sachsen Zweirad GmbH havde i 2001 et underskud på 1274000 EUR og i 2002 et underskud på 733000 EUR. Underskuddene blev overtaget af moderselskabet Biria i overensstemmelse med aftalen om overskudsoverførsel.
Sachsen Zweirad GmbH recorded operating losses of EUR 1.274m in 2001 and EUR 0.733m in 2002. The losses were taken over by the parent company Biria under the profits and loss transfer agreement.
Omsætningen faldt i 2002 sammenlignet med 2001.
Turnover decreased in 2002 compared with 2001.
Ifølge resultatopgørelsen for 2002 havde Sachsen Zweirad GmbH også likviditetsproblemer.
According to the annual report for 2002, Sachsen Zweirad GmbH also faced liquidity problems.
Det fremgår udtrykkeligt af årsberetningen, at Sachsen Zweirad GmbH’s likviditetssituation havde været anspændt på grund af store udgifter til forfinansiering af gruppens varelager og vækst inden for gruppen. Ifølge årsberetningen kunne virksomheden kun overleve, hvis bankerne ville fortsætte eller omlægge de eksisterende kreditlinjer.
It is explicitly stated in the annual report that its liquidity situation was tight because of high expenditures for the pre-financing of the group's inventory and because of its growth and that its survival could be ensured only if the banks were prepared to keep open or to restructure the existing credit lines.
Ifølge Tysklands opfattelse var der ikke nogen fare for, at de private banker ikke ville forlænge deres kreditter.
Germany argues that there never had been any danger of the banks not extending their credit lines.
Det ændrer imidlertid ikke det forhold, at virksomhedens likviditetssituation var anspændt.
However, this does not invalidate the fact that the liquidity situation of the company was tight.
Ifølge årsberetningen havde de fleste kreditter en restløbetid på under fem år, hvilket på ingen måde er optimalt til at finansiere virksomhedens drift, og hvilket øger risikoen for virksomheden.
According to the annual report, a large majority of the credits had a remaining period to maturity of less than five years, which is by no means optimal for financing business activities and increases the risks facing the company.
De kortfristede kreditter medførte desuden høje rentebetalinger (selv om de var lidt faldende i 2002), hvilket belastede virksomhedens likviditet yderligere i forhold til 2001.
The short-term nature of the credits also led to high interest payments (albeit slightly lower in 2002 compared with 2001), placing a further burden on the company's liquidity.
Derfor konkluderer Kommissionen, at Sachsen Zweirad GmbH på det tidspunkt, hvor garantien blev stillet, skal betragtes som en kriseramt virksomhed, og at garantien derfor skal betragtes som en garanti til omstrukturering.
The Commission thus comes to the conclusion that Sachsen Zweirad GmbH has to be viewed as a company in difficulty at the time the guarantee was provided and that the guarantee has accordingly to be viewed as a restructuring guarantee.
Bevilling af en sådan garanti til store virksomheder skal anmeldes individuelt til Kommissionen. Betingelserne i den godkendte støtteordning, der tilsyneladende dannede grundlag for garantien, var derfor ikke opfyldt, og garantien var derfor ikke omfattet af denne støtteordning.
Since the provision of such a guarantee to a large undertaking has to be notified individually to the Commission, the conditions of the approved aid scheme under which the guarantee had allegedly been provided were not met and the guarantee was not covered by the aid scheme.
Garanti til fordel for Biria GmbH (foranstaltning 3)
Guarantee for Biria GmbH (Measure 3)
Biria GmbH (nu Biria AG) blev oprettet med virkning fra 1. oktober 2003, da det gamle Biria AG blev fusioneret med dets datterselskab Sachsen Zweirad GmbH.
Biria GmbH (now Biria AG) was created with effect from 1 October 2003 through a merger of Biria AG as was with its subsidiary Sachsen Zweirad GmbH.
Efter tysk opfattelse skal der sondres klart mellem Biria GmbH (i dag Biria AG) og Biria AG (det gamle selskab) og Sachsen Zweirad GmbH, da der ved fusionen er opstået et nyt selskab.
According to Germany, Biria GmbH (now Biria AG) has to be clearly distinguished from its predecessors Biria AG as was and Sachsen Zweirad GmbH since, as a result of the merger, a new company was created.
Spørgsmålet om, hvorvidt dette selskab var et kriseramt selskab på det tidspunkt, da garantien blev stillet den 9. december 2004, skal derfor vurderes på grundlag af det nyfusionerede selskabs åbningsbalance. Denne åbningsbalance viser, at Biria GmbH ikke kan betragtes som en kriseramt virksomhed.
The assessment whether this company was in difficulty when the guarantee was provided on 9 December 2004 should therefore be based on the opening balance sheet of the newly merged company, which, according to Germany, demonstrates that Biria GmbH does not qualify as a company in difficulty.
Kommissionen er ikke enig i dette synspunkt.
The Commission does not agree.
Det nyfusionerede Biria GmbH kan ikke betragtes adskilt fra det tidligere Biria AG og Sachsen Zweirad GmbH, da det er oprettet ved en fusion mellem de to selskaber.
The newly merged company Biria GmbH cannot be viewed separately from Biria AG as was and Sachsen Zweirad GmbH since it was created through a merger of the two companies.
Ellers ville det være let for virksomheder at omgå betegnelsen »kriseramt virksomhed« ved enten at fusionere med andre økonomiske enheder eller oprette nye selskaber.
Otherwise, it would be easy to circumvent the classification as a company in difficulty by merging economic entities or creating new companies.
Det tidligere Biria AG havde ligeledes underskud i 2002 og havde lige så store likviditetsproblemer som Sachsen Zweirad GmbH.
Biria AG as was recorded losses and faced liquidity problems in 2002 as did Sachsen Zweirad GmbH.
Biria GmbH overtog det gamle Biria AG’s og Sachsen Zweirad GmbH’s gæld og forpligtelser.
Biria GmbH inherited all the debts and liabilities of Biria AG as was and Sachsen Zweirad GmbH.
Det ejer også de samme aktiver og udfører samme aktiviteter som det tidligere Biria AG og Sachsen Zweirad GmbH.
It also owns the same assets and carries out the same activities as Biria AG as was and Sachsen Zweirad AG.
Kommissionen er derfor af den opfattelse, at Biria GmbH overtog det tidligere Biria AG’s og Sachsen Zweirad GmbH’s vanskeligheder.
The Commission therefore considers that Biria GmbH took over the difficulties of Biria AG as was and Sachsen Zweirad AG.