natgillin/translations-raw huggingface dataset:
COMMENTS FROM THIRD PARTIES AND FROM FRANCE
PRIPOMBE TRETJIH STRANI IN FRANCIJE
France communicated discounted projections for the relevant markets together with information on leading competitors, on the financial data and on events in recent months, including the success of the recapitalisation plan.
Francija je sporočila osvežene napovedi za zadevne trge, podrobnosti o glavnih konkurentih, finančnih podatkih in dogodkih v zadnjih mesecih, zlasti o uspešni dokapitalizaciji.
France stresses that the aid is accompanied by substantial financial commitments from certain private shareholders and creditors.
Francija poudarja, da pomoč spremljajo pomembne finančne obveznosti nekaterih zasebnih delničarjev in upnikov.
From a competition standpoint, Bull's continued existence is more likely to promote competition in the European market than to hamper it.
Z vidika konkurence se zdi, da bo zagotovitev nadaljnjega obstoja skupine Bull konkurenco na evropskem trgu prej spodbudila kot ovirala.
Bull's market share is not such as to enable it to play a price leader role; it would play more the role of outsider, helping to make competition livelier.
Tržni delež skupini Bull ne bo omogočil vloge „cenovno vodilnega podjetja“; imela bi bolj vlogo „outsiderja“, ki bi koristil poživitvi konkurence.
The implementation of Bull's strategy based on Itanium and open source would enhance this role in future.
Izvajanje strategije skupine Bull, ki temelji na Itaniumu in „odprti kodi“, bi v prihodnosti utrdila to vlogo.
France observes that the improvement in the company's results held up throughout 2003 despite the poor market conditions.
Francija ugotavlja, da se je izboljšanje rezultatov podjetja kazalo skozi vse leto 2003 kljub slabemu gospodarskemu položaju.
The forecasts for 2004, which again must be viewed against the background of a difficult environment, show an operating result similar to that for 2003: an EBIT of EUR 17 million and a net profit of EUR 2 million for the first half of 2004.
Napovedi za leto 2004, ki še vedno sodijo v težavno okolje, kažejo rezultat poslovanja, podoben rezultatu iz leta 2003: dobiček pred obrestmi in davki v višini 17 milijonov EUR ter čisti rezultat v višini 2 milijonov EUR v prvi polovici leta 2004.
This indicates that the company has succeeded in appreciably reducing its break-even point.
To kaže, da je podjetje uspelo precej znižati svoj prag rentabilnosti.
Under the circumstances, the improvement in discounted turnover next year due to a hoped-for market recovery in 2005, the launch of Bull's new offerings and a restored financial situation will necessarily lead to a further growth in profitability.
V teh razmerah bo pričakovano izboljšanje prometa z naslednjim letom zaradi nadejane ponovne oživitve trgov v letu 2005, uvajanja novih ponudb skupine Bull in ozdravljenega finančnega položaja avtomatično pripeljalo do dodatne rasti donosnosti.
The business plan for the period 2004 to 2007 also shows that the company's return to viability will be lasting.
Poslovni načrt za obdobje 2004–2007 tudi kaže, da bo obnovitev sposobnosti podjetja za preživetje trajna.
By also basing its growth on Intel 64-bit architecture-based servers, Bull has made technological choices which correspond to customers’ needs in the years ahead.
S tem, ko je skupina Bull oprla svoj razvoj tudi na strežnike s 64-bitno arhitekturo Intel, je izbrala tehnološke možnosti, ki ustrezajo potrebam strank v prihodnjih letih.
Moreover, the use of this technology on Bull servers offers fresh avenues for growth, especially in the scientific calculation field.
Poleg tega uporaba te tehnologije na strežnikih Bull odpira nove poti za rast, zlasti na področju znanstvenih izračunov.
In relation to services, Bull's strategy stands at the meeting point between three distinct competences and three priority sectors.
Na področju storitev je strategija skupine Bull na stičišču treh različnih strokovnosti in treh prednostnih sektorjev.
The areas of competence are: (1) the integration and deployment of open infrastructures; (2) the security of information systems; and (3) the info-management of distributed systems.
Področja strokovnosti so naslednja: (1) integriranje in razvoj odprtih infrastruktur, (2) varnost informacijskih sistemov in (3) info-upravljanje porazdeljenih sistemov.
The priority sectors are those to which Bull's most faithful customers belong: government departments, telecommunications operators and public services (utilities).
Prednostni sektorji so tisti, ki jim pripadajo najzvestejše stranke skupine Bull: uprave, telekomunikacijski operaterji in javne službe.
These competences and these sectoral choices are perfectly in phase with the leading market trends apparent from expert analyses: optimisation of and reduction in infrastructure costs (which generate the need for open infrastructure deployment), urbanisation and consolidation of information systems (areas of excellence for Bull), and administration and securitisation (in which Bull is active in various guises: cryptographic equipment supplier, software publisher and integrator).
Te strokovnosti in sektorske izbire se odlično ujemajo s prevladujočimi tržnimi težnjami, ki izhajajo iz analiz strokovnjakov: optimizacija in zmanjšanje stroškov infrastrukture (ki ustvarjata potrebo po razvoju odprtih infrastruktur), urbanizacija in konsolidacija informacijskih sistemov (področji odličnosti skupine Bull), uprava in zagotovitev varnosti (kjer Bull nastopa v različnih vlogah: proizvajalec kriptografske opreme, založnik programske opreme in integrator).
Bull has also very quickly established itself in certain emerging markets: mobile platforms, electronic administration, and generalisation of electronic identity and signature.
Bull se je prav tako zelo hitro pojavil na nekaterih nastajajočih trgih: mobilne platforme, elektronsko upravljanje, generalizacija elektronske identitete in podpisa.
Inasmuch as Bull's strength is highly relative and the degree of concentration in the market is very high, the aid to Bull is not likely to lead to undue distortions of competition.
Ker je moč skupine Bull zelo omejena in osredotočenost na primeren trg zelo močna, pomoč skupini Bull ni taka, da bi povzročila nedovoljeno izkrivljanje konkurence.
In certain specific markets, Bull's offering is the only credible alternative to IBM.
Na nekaterih specifičnih trgih naj bi bila ponudba skupine Bull edina verodostojna alternativa IBM.
Moreover, Bull's open-source-oriented strategy is likely to make competition in the servers market more dynamic in the years to come.
Poleg tega naj bi strategija skupine Bull, usmerjena v „odprto kodo“, v prihodnjih letih verjetno poživila konkurenco na trgu strežnikov.
The aid will be kept to a minimum.
Pomoč bo omejena na minimum.
The company's viability depends in fact on the reconstitution of the equity capital, of which the aid and the debt reduction are essential elements.
Sposobnost preživetja podjetja je odvisna prav od obnovitve lastnega kapitala, pri čemer sta bistvena dejavnika pomoč in zmanjšanje dolga.
The various investors would not have agreed to invest if part of the financing needed to restore the company's viability had been provided by borrowing.
Različni vlagatelji se ne bi odločili za vlaganje, če bi bil del financiranja, potrebnega za obnovitev sposobnosti preživetja podjetja, zagotovljen s posojilom.
Bull will not have any surplus cash once the aid has been paid.
Po izplačilu pomoči skupina Bull ne bo imela presežnih likvidnih sredstev.
The aid will help to restore the equity capital to an adequate, but far from excessive, level, as is borne out by the debt to capital ratio and the ratio of coverage of short-term debt by circulating assets compared with the same ratios among leading competitors.
Pomoč bo omogočila obnovitev lastnega kapitala na ustrezni ravni, vendar daleč od presežka, kar naj bi potrjevala delež obveznosti v virih sredstev ter razmerje med gibljivimi sredstvi in kratkoročnimi obveznostmi v primerjavi z istimi razmerji pri glavnih konkurentih.
As far as the private contribution to the restructuring plan is concerned, three elements must be combined: the effort made by the company itself in 2002 to 2003, the capital increase and the contribution from convertible bond holders.
Kar zadeva zasebni prispevek k načrtu prestrukturiranja, bi bilo treba združiti tri elemente: prizadevanja samega podjetja v letih 2002–2003, povečanje kapitala in prispevek imetnikov zamenljivih obveznic.
France recalls that, in recitals 60 and 70 of Decision 2003/599/EC authorising the payment of rescue aid to Bull, the Commission expressly states that France must not grant restructuring aid to Bull before 31 December 2004.
Francija opozarja, da je Komisija v uvodnih izjavah 60 in 70 Odločbe 2003/599/ES, ki dovoljuje izplačilo pomoči za reševanje skupini Bull, izrecno navedla, da Francija ne sme odobriti pomoči za prestrukturiranje skupine Bull pred 31. decembrom 2004.
The representatives of Bull's employees support the restructuring plan and stress the importance of the aid when it comes to ensuring the company's survival and safeguarding existing jobs.
Predstavniki zaposlenih skupine Bull podpirajo načrt prestrukturiranja in poudarjajo pomen pomoči za zagotovitev nadaljnjega obstoja družbe in ohranitve obstoječih delovnih mest.
They endorse the information provided by the French authorities, while transmitting additional data and reference material concerning, in particular, the company's viability and competitiveness.
Podpirajo, kar so navedle francoske oblasti, in so dali dodatne informacije in reference zlasti v zvezi s sposobnostjo preživetja in konkurenčnim položajem podjetja.
Their comments were forwarded to the French authorities, which voiced their agreement.
Svoje pripombe so sporočili francoskim oblastem, ki so izrekle svoje soglasje z njimi.
Article 87(1) of the Treaty states that ‘any aid granted by a Member State or through State resources in any form whatsoever which distorts or threatens to distort competition by favouring certain undertakings or the production of certain goods shall, insofar as it affects trade between Member States, be incompatible with the common market’.
Člen 87(1) Pogodbe navaja, da „je vsaka pomoč, ki jo dodeli država članica, ali kakršna koli vrsta pomoči iz državnih sredstev, ki izkrivlja ali bi lahko izkrivljala konkurenco z dajanjem prednosti posameznim podjetjem ali proizvodnji posameznega blaga, nezdružljiva s skupnim trgom, kolikor prizadene trgovino med državami članicami“.
The measure notified by France constitutes aid within the meaning of Article 87(1) of the Treaty.
Ukrep, ki ga je priglasila Francija, pomeni pomoč v smislu člena 87(1) Pogodbe.
Granted by the State, it will be financed through State resources and will favour a specific undertaking, Bull. It is incompatible with the principle of a private investor in a market economy.
Ker jo je odobrila država, se bo financirala iz državnih sredstev v korist določenega podjetja, tj. skupine Bull. Pomoč ni v skladu z načelom zasebnega vlagatelja v tržnem gospodarstvu.
In particular, it cannot be maintained that the State is acting in the same capacity and under the same conditions as convertible bond holders because France's claim concerns State rescue aid whose reimbursement deadline has expired and because the renouncing of such a claim, or the granting of new aid of an amount equivalent to that of the aid which is to be reimbursed, is inconsistent with the conduct of a private investor and cannot therefore be assessed in accordance with the private investor principle.
Zlasti ni mogoče trditi, da država deluje v isti vlogi in pod istimi pogoji kot imetniki zamenljivih obveznic, ker se terjatev Francije nanaša na državno pomoč za reševanje, za katero je rok za povračilo zapadel, ter ker opustitev take terjatve ali odobritev nove pomoči v znesku, ki je enak znesku pomoči, ki jo je treba vrniti, nista združljivi z vedenjem vlagatelja in ju torej ni mogoče oceniti v skladu z načelom zasebnega vlagatelja.
Moreover, the notified measure differs both as regards its form and as regards its underlying conditions from the financial measures taken by the shareholders and convertible bond holders.
Poleg tega se priglašeni ukrep razlikuje po svoji obliki in svojih pogojih od finančnih ukrepov, ki so jih sprejeli delničarji in imetniki zamenljivih delnic.
In any event, the notified measure is not accompanied by any comparable financial commitments on the part of the other shareholders.
V vsakem primeru priglašenega ukrepa ne spremljajo primerljive finančne obveznosti drugih delničarjev.
The aid affects trade between Member States and distorts or threatens to distort competition owing to the fact that Bull is an international company and its products are the subject of international trade.
Pomoč vpliva na trgovino med državami članicami in izkrivlja ali bi lahko izkrivljala konkurenco, ker je Bull mednarodna družba in ker so njeni izdelki predmet mednarodne trgovine.
Furthermore, Bull has competitors in the common market, such as IBM, Fujitsu/Siemens, Sun and HP.
Poleg tega ima Bull konkurente na skupnem trgu, kot so IBM, Fujitsu/Siemens, Sun in HP.
The French authorities do not question this assessment.
Francoske oblasti te ocene ne postavljajo pod vprašaj.
The notified measure must be assessed as ad hoc State aid.
Priglašeni ukrep je treba oceniti kot državno pomoč ad hoc.
Article 87(2) and (3) of the Treaty provides for derogations from the general incompatibility rule set out in Article 87(1).
Člen 87(2) in (3) Pogodbe predvideva odstopanja od splošne nezdružljivosti, določene v členu 87(1).
Article 87(3)(c) of the Treaty provides that aid to facilitate the development of certain economic activities, where such aid does not adversely affect trading conditions to an extent contrary to the common interest, shall be compatible with the common market.
Člen 87(3)(c) Pogodbe določa, da je državna pomoč za pospeševanje razvoja določenih gospodarskih dejavnosti, kadar takšna pomoč ne spreminja trgovinskih pogojev v obsegu, ki bi bil v nasprotju s skupnimi interesi, združljiva s skupnim trgom.
On this basis, the Commission has adopted specific guidelines for the purpose of assessing aid for rescuing and restructuring firms in difficulty [11].
Na tej podlagi je Komisija sprejela posebne smernice za oceno pomoči za reševanje in prestrukturiranje podjetij v težavah [11].
In the light of the figures relating to its capital, it is clear that Bull must be considered to be in difficulty within the meaning of point 5(a) of the guidelines and that the group as a whole is also in difficulty within the meaning of points 4 to 8 of the guidelines [12].
Glede na številke, ki se nanašajo na lasten kapital, je očitno, da je za družbo Bull treba šteti, da je v težavah v smislu točke 5(a) smernic, in da je celotna skupina tudi v težavah v smislu točk 4 do 8 navedenih smernic [12].
After consideration, the Commission takes the view that no other Community framework or other provision allows the aid in the present case to be declared compatible with the common market.
Po proučitvi Komisija meni, da noben drug okvir Skupnosti in nobena druga določba ne omogočajo, da se obravnavana pomoč razglasi za združljivo s skupnim trgom.
France has, moreover, invoked no other derogation from the Treaty and has based itself exclusively on the guidelines in defending the compatibility of the aid in question.
Francija se poleg tega ni sklicevala na nobeno drugo odstopanje od Pogodbe in se je pri obrambi združljivosti obravnavane pomoči opirala izključno na smernice.
The Commission has therefore assessed the aid in the light of the guidelines.
Komisija je zato pomoč ocenila na podlagi smernic.
The guidelines lay down four cumulative conditions for authorising restructuring aid: a plan guaranteeing long-term viability, the avoidance of distortions of competition, aid limited to the minimum and full implementation of the restructuring plan.
Smernice določajo štiri kumulativne pogoje za odobritev pomoči za prestrukturiranje: načrt, ki zagotavlja dolgoročno sposobnost preživetja, preprečevanje izkrivljanja konkurence, pomoč, omejeno na minimum, in popolno izvedbo načrta prestrukturiranja.
Moreover, the principle of ‘one time, last time’ and that laid down in the judgment in Deggendorf [13] are applicable.
Poleg tega se uporabljata načelo „enkratne pomoči“ („enkrat in zadnjič“) in načelo, ki izhaja iz sodne prakse „Deggendorf“ [13].
Restoration of viability (points 32 to 34 of the guidelines)
Obnovitev sposobnosti preživetja (točke 32 do 34 smernic)
In accordance with the guidelines, the grant of the aid must be conditional on implementation of the restructuring plan, which must be endorsed by the Commission in all cases of individual aid.
V skladu s smernicami je dodelitev pomoči pogojena z izvajanjem načrta prestrukturiranja, ki ga je potrdila Komisija za vse individualne pomoči.
The restructuring plan, the duration of which must be as short as possible, must restore the long-term viability of the firm within a reasonable timescale and on the basis of realistic assumptions as to future operating conditions.
Načrt prestrukturiranja, katerega rok za izvajanje mora biti čim krajši, mora omogočiti obnovitev dolgoročne sposobnosti preživetja podjetja v razumnem času na podlagi stvarnih predpostavk glede pogojev prihodnjega poslovanja.
Restructuring aid must therefore be linked to a viable restructuring plan to which the Member State concerned commits itself.
Pomoč za prestrukturiranje mora torej biti povezana z izvedljivim načrtom prestrukturiranja, za katerega se zaveže država članica.
The aid in question is linked to the restructuring plan of March 2002 and its financial component as described in the aid notification.
Obravnavana pomoč je povezana z načrtom prestrukturiranja iz marca 2002 in z njegovim finančnim delom, ki je bil podrobno naveden ob priglasitvi pomoči.
The plan concerns the period up to the end of 2007, after which the financial situation will have been restored and the new structure put in place.
Ta načrt se nanaša na obdobje do konca leta 2007, po katerem mora biti popravljen finančni položaj in vzpostavljena nova struktura.
Most of the measures have already been implemented and the recapitalisation has already been completed.
Večina ukrepov je že bila izvedena in dokapitalizacija je že zaključena.
However, the period up to the end of 2007 may be considered to be a reasonable time-span which is necessary in order to restructure the company's offerings and adapt its activities to reflect trends in the relevant markets.
Vseeno je obdobje do konca leta 2007 mogoče šteti za razumen in potreben rok za prestrukturiranje ponudbe podjetja in prilagoditev njegovih dejavnosti razvoju na zadevnih trgih.
The plan seems to be based on realistic hypotheses concerning future operating conditions.
Zdi se, da načrt temelji na stvarnih predpostavkah glede prihodnjih pogojev poslovanja.
It takes into account the slow market recovery and does not appear over-optimistic.
Upošteva počasno oživitev trgov in se ne zdi pretirano optimističen.
It presents three scenarios for the outcome of the recapitalisation, the most optimistic of which is the closest to the current outcome.
Načrt predstavlja tri scenarije rezultatov dokapitalizacije, od katerih je najbolj optimističen tisti, ki je najbližji trenutnemu rezultatu.
It underscores the re-establishment of consistency between the company's strategy, its strengths, customers’ needs and technological developments.
Načrt poudarja vzpostavitev skladnosti med strategijo podjetja, njegovimi močnimi točkami, potrebami strank in tehnološkim razvojem.
Given the technological and commercial uncertainties, the plan appears sufficiently precise in view of the additional information sent by the French authorities.
Ob upoštevanju tehnoloških in komercialnih negotovosti se zdi načrt dovolj natančen glede na dodatne informacije, ki so jih poslale francoske oblasti.
The improvement in viability stems mainly from internal measures, in particular the cessation of non-core business activities, the restructuring of offerings and the reduction of overheads.
Izboljšanje sposobnosti preživetja je posledica predvsem notranjih ukrepov, zlasti opustitve „netemeljnih poslovnih dejavnosti“, prestrukturiranja ponudbe in zmanjšanja splošnih stroškov.
The company's difficulties were brought about above all by poor technological choices and by the concentration on markets in which Bull was unsuccessful.
Težave podjetja so povzročile predvsem slabe tehnološke odločitve in osredotočenost na trge, kjer skupina Bull ni bila uspešna.
These activities have been abandoned, including the network of services in a number of European countries.
Te dejavnosti so bile opuščene, vključno z mrežo storitev v več evropskih državah.
Several reasons underlying specific losses, such as those related to pension schemes, are unlikely to recur.
Več razlogov, ki so povzročili posebne izgube, kot so izgube, povezane s pokojninskimi sistemi, je takšnih, da se ne bodo več ponovili.
Most of the senior managers have been replaced.
Večina vodstvenega osebja je bila zamenjana.
Bull has refocused on its strengths.
Bull se je osredotočil na svoje močne točke.
Restructuring and operational performance
Prestrukturiranje in uspešnost poslovanja
For the years 2000 to 2002, the gross margin on turnover was between 21 % and 25 %.
V letih 2000 do 2002 se je bruto marža od prodaje gibala med 21 in 25 %.
However, research and development expenditure, commercial expenses and administrative costs together exceeded the gross margin by about EUR 100 million a year.
Vendar pa so skupni stroški za raziskave in razvoj, nakupno-prodajni stroški in posredni stroški presegali bruto maržo za okoli 100 milijonov EUR vsako leto.
The restructuring plan provides for a righting of this imbalance: research and development expenditure is set to fall from EUR 160 million in 2000 to EUR […] (*) million by the years 2005 to 2007.
Načrt prestrukturiranja predvideva odpravo tega neravnotežja: stroški za raziskave in razvoj padejo s 160 milijonov EUR v letu 2000 na […]* milijonov EUR, predvidenih med letoma 2005 in 2007.
Commercial expenses and administrative costs are set to fall from EUR 706 million in 2000 to EUR […] (*) million by the years 2006 to 2007.
Nakupno-prodajni in posredni stroški padejo s 706 milijonov EUR v letu 2000 na […]* milijonov EUR, predvidenih med letoma 2006 in 2007.
The projections take account of contingency provisions for possible judicial awards.
Napovedi upoštevajo rezervacije, povezane z morebitnimi odločitvami sodišča („nepredvideni izdatki“).
This heading will increase to […] (*) % of turnover by 2007.
Ta postavka se zvišuje do […]* % prometa leta 2007.
On the basis of these projections, future EBIT is estimated at […] (*) % after contingencies.
Na podlagi teh napovedi je prihodnji dobiček pred obrestmi in davki ocenjen na […]* % po „nepredvidenih izdatkih“.
Current costs for 2003 and the first half of 2004 support the projections.
Trenutni stroški za leto 2003 in prvo polovico leta 2004 podpirajo te napovedi.
From this point of view, the Commission considers that the restructuring plan makes for a satisfactory operational performance.
S tega stališča Komisija meni, da načrt prestrukturiranja omogoča zadovoljivo uspešnost poslovanja.
Forecasts for the relevant markets
Napovedi za zadevne trge
In the future, demand is expected to pick up, albeit more slowly than during the past decade, owing to several factors combined: lower communication charges, the development of high-speed networks, the growth of teleprocedures in the public sector, the upsurge in applications sharing via the Internet, increased mobility, the increasing account taken of security constraints and, lastly, the generalisation of digital technologies everywhere in place of the pre-existing analogue tools.
V prihodnosti je predvidena oživitev povpraševanja z zmernejšim ritmom kot v preteklem desetletju zaradi skupnega učinka več dejavnikov: znižanje tarif komuniciranja, razvoj širokopasovnih omrežij, razmah telepostopkov v javnem sektorju, vse večja souporaba aplikacij prek interneta, razvoj mobilnosti in vse večje upoštevanje varnostnih omejitev ter končno generalizacija digitalnih tehnologij, ki vsepovsod zamenjujejo predhodna analogna sredstva.