natgillin/translations-raw huggingface dataset:
Rentabilitet, likviditet, investeringer, investeringsafkast og evne til at rejse kapital
Profitability, cash flow, investments, return on investments and ability to raise capital
EU-producentens rentabilitet, likviditet, investeringer og investeringsafkast udviklede sig i den betragtede periode som følger:
Profitability, cash flow, investments and return on investments of the Union producer developed over the period considered as follows:
Rentabilitet, likviditet, investeringer og investeringsafkast Kilde:
Profitability, cash flow, investments and return on investments
Kommissionen beregnede EU-erhvervsgrenens rentabilitet som nettooverskuddet før skat ved salg af samme vare til ikke forretningsmæssigt forbundne kunder i Unionen udtrykt i procent af omsætningen i forbindelse med dette salg.
The Commission established the profitability of the Union industry by expressing the pre-tax net profit of the sales of the like product to unrelated customers in the Union as a percentage of the turnover of those sales.
I regnskabsåret 2010/11 og regnskabsåret 2011/12 faldt rentabiliteten betydeligt, men var stadig positiv.
In FY2010/2011 and FY2011/2012 profitability decreased significantly, but still remained positive.
Fra regnskabsåret 2012/13 blev rentabiliteten negativ.
As of FY2012/2013 profitability turned negative.
Den faldt endnu mere i den nuværende undersøgelsesperiode.
It decreased even further in the review investigation period.
Samlet faldt rentabiliteten med 180 % i den betragtede periode.
Overall the profitability decreased by 180 % during the period considered.
Denne udvikling skyldtes hovedsagelig pristrykket fra importen fra Indonesien til Unionen til dumpingpriser, som ikke gav EU-erhvervsgrenen mulighed for at fastsætte priser, der afspejlede omkostningsstigningerne.
This development was mainly due to the price pressure of the Indonesian imports which entered into the Union at dumped prices and did not allow the Union industry to set their prices in line with the cost increase.
Nettolikviditeten er EU-erhvervsgrenens evne til at selvfinansiere sine aktiviteter.
The net cash flow is the Union industry's ability to self-finance their activities.
Nettolikviditeten viste samme tendens som rentabiliteten, dvs. et vedvarende fald i den betragtede periode med negative resultater fra regnskabsåret 2012/13.
The net cash flow showed the same trend as profitability that is a continuous decrease over the period considered with negative results as from FY2012/2013.
Denne tendens forstærkedes i den nuværende undersøgelsesperiode.
This trend was accentuated in the review investigation period.
Samlet faldt nettolikviditeten med 119 % i den betragtede periode.
Overall net cash flow decreased by 119 % over the period considered.
Investeringerne steg med 97 % i den betragtede periode.
The investments increased by 97 % over the period considered.
Der var hovedsagelig tale om investeringer, som var nødvendige for vedligeholdelse og overholdelse af gældende sikkerhedsforskrifter.
They mainly represented investments necessary for maintenance and compliance with legal safety requirements.
EU-erhvervsgrenen var endnu ved at overvinde virkningerne af tidligere dumping fra kinesiske eksporterende producenter forud for den betragtede periode, men dens situation begyndte at blive bedre, og den var rentabel i begyndelsen af den betragtede periode indtil regnskabsåret 2011/12.
While the Union industry was still recovering from past dumping by Chinese exporting producers prior to the period considered, it started to improve its situation and was profitable at the beginning of the period considered until FY2011/2012.
Under disse omstændigheder blev der foretaget en række investeringer, som ikke længere kunne udsættes, hvilket forklarer den store stigning i investeringerne i regnskabsåret 2011/12 og de efterfølgende år.
Under these circumstances a number of investments that could no longer be postponed were made which explains the significant increase of investment levels in the FY2011/2012 and the subsequent years.
Investeringsafkastet er fortjenesten i procent af den bogførte nettoværdi af investeringerne.
The return on investments is the profit in percentage of the net book value of investments.
Som det var tilfældet med de øvrige finansielle indikatorer, var investeringsafkastet fra produktion og salg af samme vare negativt fra regnskabsåret 2012/13, hvilket afspejler den negative tendens i rentabiliteten.
As with the other financial indicators, the return on investment from the production and sale of the like product was negative as from FY2012/2013, reflecting the negative trend in profitability.
Samlet faldt investeringsafkastet med 210 % i den betragtede periode.
Overall, return on investments decreased by 210 % over the period considered.
Den faldende rentabilitet og likviditet medvirkede til, at virksomhedens evne til at rejse kapital også blev påvirket negativt.
Taking into account the decreasing profitability and decreasing cash flow, the company's ability to raise capital was also negatively affected.
Næsten alle de vigtigste skadesindikatorer viste en negativ tendens.
Almost all main injury indicators showed a negative trend.
Således faldt produktionsmængden og kapacitetsudnyttelsen med ca. 9 % og salgsmængden med 17 % i den betragtede periode.
Thus, production volume and capacity utilisation decreased by around 9 % and sales volume by 17 % during the period considered.
I et forsøg på at kompensere for den faldende salgsmængde og markedsandel blev EU-erhvervsgrenens gennemsnitlige priser nedsat med 3 % i den betragtede periode, mens produktionsomkostningerne steg med 30 %.
In an attempt to offset the losses in sales volume and market share, the Union industry average prices decreased by 3 % during the period considered, while costs of production increased by 30 % in parallel.
Som følge heraf faldt rentabiliteten, der var positiv i begyndelsen af den betragtede periode, og den blev negativ i regnskabsåret 2012/13 og fortsatte med at falde i den nuværende undersøgelsesperiode.
As a consequence profitability, which was positive at the beginning of the period considered, decreased and became negative in FY2012/2013 and continued to decrease in the review investigation period.
Samme negative tendens kunne iagttages for nettolikviditeten og investeringsafkastet.
Similar negative trends could be observed for net cash flow as well as for return on investments.
Beskæftigelsen steg med 8 % i den betragtede periode.
Employment increased by 8 % over the period considered.
Denne stigning kan forklares med integration af en tidligere tilknyttet virksomhed i 2011 og udvidelse af EU-erhvervsgrenens vedligeholdelsesafdeling.
The increase over the period considered can be explained by the integration of a former affiliated company in 2011 and the expansion of the Union industry's maintenance department.
Investeringerne viste også en positiv tendens.
Investments also showed a positive trend.
De vedrørte hovedsagelig forebyggende foranstaltninger og sikkerhedskrav, men førte ikke til kapacitetsstigninger.
They were mainly linked to prevention measures and security requirements, but not to any capacity increase.
Disse positive tendenser udelukkede derfor ikke, at der forekom skade.
These positive trends did not therefore preclude the existence of injury.
Én interesseret part hævdede, at en negativ tendens inden for kun nogle af skadesindikatorerne ikke er tilstrækkelig til at konkludere, at der er tale om væsentlig skade.
One interested party claimed that a negative trend in only some of the injury indicators is not sufficient to conclude that there is material injury.
Grundforordningens artikel 3, stk. 5, indeholder ikke et krav om, at alle skadesindikatorer skal udvise en negativ tendens, men EU-erhvervsgrenens situation skal undersøges ved at vurdere udviklingen i alle skadesindikatorer som helhed.
Article 3(5) of the basic Regulation does not require that all injury indicators show a negative trend, but the situation of the Union industry has to be analysed by assessing the development of all injury indicators as a whole.
I denne sag udviste næsten alle skadesindikatorerne en negativ tendens, herunder vigtige indikatorer som f.eks. salgs- og produktionsmængde, markedsandel, gennemsnitlige salgspriser og rentabilitet.
In the present case, almost all injury indicators showed a negative trend, including main indicators such as sales and production volume, market share, average sales prices and profitability.
På baggrund af ovenstående konkluderede Kommissionen, at EU-erhvervsgrenen led væsentlig skade, jf. grundforordningens artikel 3, stk. 5.
On the basis of the above, the Commission concluded that the Union industry suffered material injury within the meaning of Article 3(5) of the basic Regulation.
F. SANDSYNLIGHEDEN FOR FORNYET ELLER FORTSAT SKADE
F. LIKELIHOOD OF RECURRENCE OR CONTINUATION OF INJURY
I den nuværende undersøgelsesperiode led EU-erhvervsgrenen, som det fremgår af betragtning 99-130, væsentlig skade.
As shown in recitals 99 to 130, the Union industry suffered material injury during the review investigation period.
I hele den betragtede periode var import fra Kina kun tilstede på EU-markedet i begrænsede mængder, mens importmængden fra Indonesien og Indonesiens markedsandel næsten tredobledes i den samme periode.
During the whole period considered, Chinese imports were only present on the Union market in limited quantities, while import volume and market share from Indonesia almost tripled during the same period.
I forbindelse med den sideløbende undersøgelse vedrørende import af MNG fra Indonesien, jf. betragtning 7, blev det konkluderet, at importen fra Indonesien blev dumpet og forvoldte EU-erhvervsgrenen væsentlig skade, mens importen fra Kina på grund af den begrænsede mængde og det lave prisniveau ikke bidrog til denne skade [13].
In the parallel investigation concerning imports of MSG from Indonesia mentioned in recital 7, it was concluded that imports from Indonesia were dumped and caused material injury to the Union industry, while imports from China, given their low volume and price levels, did not contribute to this injury [13].
Samtidig har undersøgelsen vist, jf. betragtning 48 og 70, at importen fra Kina skete til dumpingpriser i den nuværende undersøgelsesperiode, og at der var sandsynlighed for fortsat dumping, hvis foranstaltningerne fik lov til at udløbe.
At the same time, as outlined in recitals 48 and 70, the investigation has shown that the Chinese imports were made at dumped price levels during the review investigation period and there was a likelihood of continuation of dumping should the measures be allowed to lapse.
Konsekvenser af den forventede importmængde fra Kina og de prismæssige virkninger, hvis foranstaltningerne ophæves
Impact of the projected volume of imports from China and price effects in case of repeal of measures
I forbindelse med denne analyse blev der fokuseret på de kinesiske eksporterende producenters uudnyttede kapacitet, EU-markedets tiltrækningskraft og de kinesiske producenters prispolitik i Unionen.
This analysis focussed on the spare capacity of the Chinese exporting producers, the attractiveness of the Union market, the pricing behaviour of the Chinese producers in the Union.
Endelig blev der også taget hensyn til antidumpingforanstaltningerne i forhold til import af MNG fra Indonesien.
Finally, the anti-dumping measures imposed on imports of MSG from Indonesia were also taken into account.
Der kan i betragtning af EU-markedets tiltrækningskraft, jf. betragtning 59-64, med rimelighed forventes at være stor sandsynlighed for, at i det mindste en del af denne uudnyttede kapacitet vil blive omdirigeret til EU-markedet, hvis foranstaltningerne ophæves.
As established in recital 51, total spare capacity of MSG in China was estimated at around 600000-900000 tonnes in 2012.
Som omtalt i betragtning 50 ville de kinesiske importpriser uden antidumpingtold underbyde salgspriserne i Unionen med mere end 10 % i gennemsnit.
This amount exceeded largely the total Union consumption of MSG during the same period.
De ville også være lavere end de indonesiske importpriser.
It can be reasonably expected that, as a consequence of the attractiveness of the Union market described in recitals 59-64, should measures be repealed, at least part of this spare capacity will, in all likelihood, be redirected to the Union market.
På dette grundlag blev det konkluderet, at uden foranstaltninger vil de kinesiske eksporterende producenter sandsynligvis øge pristrykket på EU-markedet og således forværre den væsentlige skade, som EU-erhvervsgrenen er forvoldt.
As mentioned above in recital 50, Chinese import prices without anti-dumping duties would undercut the Union sales prices by more than 10 % on average.
I denne forbindelse skal der mindes om den sideløbende antidumpingundersøgelse, som viste, at importen fra Indonesien udøvede et pristryk på EU-markedet, så EU-erhvervsgrenen ikke kunne hæve sine priser i takt med stigningen i omkostningerne, men tværtimod var nødt til at sænke sine priser i den betragtede periode.
They would also be lower than the Indonesian import prices.
Som anført i betragtning 60 vil de kinesiske importpriser muligvis stige, hvis foranstaltningerne får lov til at udløbe.
On this basis, it was concluded that, in the absence of measures, Chinese exporting producers will likely increase the price pressure on the Union market, thus worsening the material injury suffered by the Union industry.
I betragtning af de væsentlige underbudsmargener, der fremkommer, når antidumpingtolden fratrækkes, ville der dog derfor, selv om de kinesiske importpriser rent faktisk steg, være en margen, som ville give de kinesiske eksportører mulighed for at holde importpriserne under EU-erhvervsgrenens priser, hvilket med stor sandsynlighed ville sætte dem i stand til at erhverve yderligere markedsandele på EU-markedet.
In this respect, it has to be recalled that the parallel anti-dumping investigation showed that Imports from Indonesia exerted a price pressure on the Union market so that the Union industry could not raise its prices in line with the increase in its cost, but, to the contrary had to decrease its prices over the period considered.
Hvis det skulle ske, ville EU-erhvervsgrenen stå over for et øjeblikkeligt fald i salget og salgspriserne.
As outlined in recital 60, Chinese import prices may increase should measures be allowed to lapse.
Endelig forventes EU-erhvervsgrenen i betragtning af den sideløbende undersøgelse vedrørende Indonesien og de tilsvarende foranstaltninger over for importen af MNG fra dette land at kunne genrejse sig efter den væsentlige skade, som den har lidt.
However, taking into consideration the significant undercutting margins established when deducting the anti-dumping duties, even if Chinese import prices indeed increased there is therefore a margin allowing Chinese exporters to keep import price levels below the Union industry's price levels, which will very likely allow them to gain further market shares in the Union market.
Denne genrejsningsproces ville blive bragt i fare, hvis foranstaltningerne får lov til at udløbe, og importen fra Kina genoptages i væsentlige mængder og til dumpingpriser.
Should this occur, the Union industry would face an immediate drop in its sales and sales prices.
Bemærkninger modtaget efter fremlæggelsen af oplysninger
Finally, in view of the parallel investigation against Indonesia and the corresponding measures against imports of MSG from this country, the Union industry is expected to be able to recover from the material injury suffered.
Efter fremlæggelsen af oplysninger hævdede en enkelt interesseret part, at EU-producentens situation ikke ville blive forbedret ved opretholdelse af foranstaltningerne, idet den pågældendes situation hovedsagelig ville blive forringet af andre forhold end import af MNG fra Kina.
This recovery process would be jeopardised should the imports from China resume in substantial quantities and at dumped prices, as a result of the measures being allowed to lapse.
Nævnte part hævdede, at disse forhold navnlig ville tælle virkningerne af EU-erhvervsgrenens investeringspolitik på rentabiliteten, stigningen i arbejdskraftomkostningerne og den angiveligt ineffektive anvendelse af ressourcer.
Comments received after disclosure
Det hævdedes, at der ikke var blevet taget tilstrækkeligt hensyn til virkningen af disse forhold i forbindelse med vurderingen af EU-erhvervsgrenens generelle situation.
Following disclosure, one interested party claimed that the maintenance of the measures would not enhance the situation of the Union producer as the deterioration of its situation would mainly be caused by factors other than imports of MSG from China.
Det bør bemærkes, at den pågældende interesserede part ikke fremlagde nye oplysninger eller dokumentation til støtte for disse påstande.
That party argued that these factors would be in particular the impact of the Union industry's investment policy on its profitability, the increase in labour costs and the allegedly inefficient use of resources.
For så vidt angår EU-erhvervsgrenens investeringer forklarede denne part ikke, hvordan disse investeringer kunne have indvirket på rentabiliteten.
It was claimed that the effect of these factors had not been sufficiently taken into consideration when assessing the Union industry's overall situation.
Som beskrevet i betragtning 124 var EU-erhvervsgrenens investeringer baseret på rimelige forretningsmæssige beslutninger og kan ikke betragtes som uberettigede.
It should be noted that the interested party in question did not provide any new information or evidence in support of these allegations.
Desuden afskrives investeringsomkostninger over længere tid, og de havde således ingen væsentlige virkninger for EU-erhvervsgrenens rentabilitet.
As regards the investments made by the Union industry, this party did not explain to what extent these investments could have had an impact on their profitability.
For så vidt angår stigningen i arbejdskraftomkostningerne har undersøgelsen, selv om der af fortrolighedshensyn ikke kan opgives præcise tal, vist, at denne stigning ikke havde en signifikant indvirkning på de samlede produktionsomkostninger.
As described in recital 124, the investments made by the Union industry were based on reasonable business decisions and cannot be considered undue.
For så vidt angår den ineffektive anvendelse af ressourcer undlod parten at præcisere den angivelige ineffektivitet nærmere, og undersøgelsen bragte heller ikke eventuel ineffektivitet i EU-erhvervsgrenen for dagen.
Moreover, investment costs are depreciated over time and, as such, did not have any significant impact on the Union industry's profitability.
På den baggrund blev disse påstande afvist.
With regard to the increase in labour costs, while precise figures cannot be given for reasons of confidentiality, the investigation has showed that the impact of this increase on the total cost of production was not significant.
Konklusion
As to the inefficient use of resources, the party failed to specify the nature of the alleged inefficiencies and the investigation did not bring to light any potential inefficiency of the Union industry.
I betragtning af undersøgelsesresultaterne, dvs. den uudnyttede kapacitet, EU-markedets tiltrækningskraft og de forventede priser på kinesisk import, anses ophævelse af foranstaltningerne for med stor sandsynlighed at føre til fornyet skade og at forringe EU-erhvervsgrenens skadelige situation yderligere på grund af den sandsynlige stigning i importen fra Kina til dumpingpriser, som underbyder EU-erhvervsgrenens salgspriser.
On these grounds these claims were rejected.
G. UNIONENS INTERESSER
Conclusion
I henhold til grundforordningens artikel 21 undersøgte Kommissionen, om en opretholdelse af de gældende antidumpingforanstaltninger mod Kina ville være i strid med Unionens interesser som helhed.
In view of the findings of the investigation, namely the spare capacity, the attractiveness of the Union market and the expected price levels of Chinese imports, it is considered that the repeal of the measures would in all likelihood lead to a recurrence of injury and further deteriorate the injurious situation of the Union industry due to the likely increase of Chinese imports at dumped prices undercutting the Union industry's sales prices.
Unionens interesser blev fastsat på grundlag af en vurdering af alle de forskellige involverede parters interesser, herunder EU-erhvervsgrenens, importørernes og brugernes interesser.
G. UNION INTEREST
Alle interesserede parter fik, jf. grundforordningens artikel 21, stk. 2, mulighed for at fremsætte bemærkninger.
In accordance with Article 21 of the basic Regulation, the Commission examined whether maintaining the existing anti-dumping measures against China would be against the interest of the Union as a whole.
På dette grundlag undersøgte Kommissionen, om der fandtes tvingende grunde til at konkludere, at det ikke var i Unionens interesse at opretholde de eksisterende foranstaltninger trods konklusionerne om sandsynligheden for fortsat dumping og skade.
The determination of the Union interest was based on an appreciation of all the various interests involved, including those of the Union industry, importers and users.
EU-erhvervsgrenens interesser
All interested parties were given the opportunity to make their views known pursuant to Article 21(2) of the basic Regulation.
Undersøgelsen viste, at EU-erhvervsgrenen led væsentlig skade i den nuværende undersøgelsesperiode.
On this basis the Commission examined whether, despite the conclusions on the likelihood of continuation of dumping and injury, compelling reasons existed which would lead to the conclusion that it was not in the Union interest to maintain the existing measures.
Som nævnt i betragtning 131 blev den væsentlige skade forvoldt af dumpingimport fra Indonesien.
Interest of the Union industry
Undersøgelsen viste også, at der er sandsynlighed for fornyet væsentlig skade, hvis foranstaltningerne mod import fra Kina får lov til at udløbe.
The investigation established that the Union industry suffered material injury during the review investigation period.
I tilfælde af fornyet kinesisk dumpingimport af MNG på EU-markedet vil navnlig EU-erhvervsgrenens forventede genrejsning som følge af antidumpingforanstaltninger mod Indonesien efter skade forvoldt af importen fra dette land sandsynligvis blive bragt i fare.
As mentioned in recital 131 the material injury was caused by the dumped imports from Indonesia.
Hvis foranstaltningerne opretholdes, forventes virkningerne af de foranstaltninger, der er indført i forbindelse med den sideløbende undersøgelse vedrørende importen af MNG fra Indonesien, til fulde at komme EU-erhvervsgrenen til nytte, dvs. den vil genrejse sig efter den væsentlige skade, som den har lidt.
The investigation also established that there was a likelihood of recurrence of material injury should measures against Chinese imports be allowed to lapse.
Den burde kunne forbedre sin rentabilitet på sigt.
In particular, the expected recovery of the Union industry from the injury suffered due to the imports from Indonesia due to the anti-dumping measures imposed against this country is likely to be jeopardised should Chinese imports of MSG resume on the Union market at dumped prices.
Det blev derfor konkluderet, at det vil være i EU-erhvervsgrenens interesse at opretholde de gældende foranstaltninger mod Kina.
Should measures be maintained it is expected that the Union industry will be able to fully benefit from the effects of the measures imposed in the context of the parallel investigation concerning imports of MSG from Indonesia, namely it will recover from the material injury suffered.
Importørernes og forhandlernes interesser
Eventually it should be able to improve its profitability.
14 virksomheder gav sig til kende efter offentliggørelsen af indledningsmeddelelsen.
It was therefore concluded that maintaining the measures in force against China would be in the interest of the Union industry.
Én forhandler i EU, der beskæftiger sig med videresalg af MNG i og uden for Unionen, gav sig til kende som bruger, mens undersøgelsen stod på.
Interest of importers/traders