natgillin/translations-raw huggingface dataset:
Since then, the Commission has adopted several decisions in which it follows the same line, finding a new aid measure to be compatible while at the same time requiring that its payment be suspended pending reimbursement of unlawful aid [13].
Odtlej je Komisija sprejela več odločb, v katerih je uporabila enak pristop, to je da se nova pomoč šteje za združljivo, če se njeno izplačilo odloži do vračila nezakonite pomoči [13].
The Commission would point out that, in the present case, once the new aid fulfils the conditions laid down by the restructuring guidelines, nothing seems to stand in the way of applying the Deggendorf approach, i.e. finding the new aid compatible provided its payment is suspended pending recovery of the Article 44 septies aid.
Komisija ugotavlja, da v obravnavanem primeru ni razloga, če nova pomoč izpolnjuje pogoje iz smernic za prestrukturiranje, da ne bi uporabili pristopa iz zadeve Deggendorf, to je da se nova pomoč šteje za združljivo, če se njeno izplačilo odloži do izterjave pomoči na podlagi člena 44f.
In the light of the above considerations, the Commission’s concerns have been allayed.
Na podlagi navedenih ugotovitev so bili dvomi Komisije odpravljeni.
In this context, the Commission would point out the following.
V tem smislu želi Komisija pojasniti naslednje.
Point 23 of the restructuring guidelines requires the Commission, when assessing restructuring aid, to ‘take into account, first, the cumulative effect of the old aid and of the new aid and, secondly, the fact that the old aid has not been repaid.’
Z odstavkom 23 smernic za prestrukturiranje se Komisiji nalaga, naj na podlagi proučitve pomoči za prestrukturiranje „upošteva […] najprej kumulativni učinek stare pomoči in nove pomoči in nato dejstvo, da stara pomoč ni bila povrnjena“.
As indicated in the corresponding footnote of the restructuring guidelines, this provision is based on the above-cited Deggendorf judgment.
Kot je navedeno v ustrezni opombi v smernicah za prestrukturiranje, ta določba temelji na zgoraj navedeni sodbi Deggendorf.
In the present case, France has undertaken to recover the Article 44 septies aid before paying the new aid.
V obravnavanem primeru se je Francija zavezala, da bo pred izplačilom nove pomoči izterjala pomoč na podlagi člena 44f.
In this Decision, the Commission is required, on the basis of the findings in Deggendorf, to transform this commitment into a condition precedent to the compatibility of the notified aid.
Komisija mora v tej odločbi v skladu z navedeno sodno prakso v zadevi Deggendorf to zavezo spremeniti v pogoj za združljivost priglašene pomoči.
It will thus ensure that there is no combination of the old aid with the new aid and that the old aid is reimbursed.
Tako bo zagotovila, da se predhodna pomoč ne kumulira z novo pomočjo in da se predhodna pomoč povrne.
Hence it will no longer be necessary, in the remainder of the assessment of the new aid, to take into account the cumulative effect of the aid or the absence of reimbursement.
Tako pri nadaljnji oceni nove pomoči ne bo več treba upoštevati kumulativnega učinka pomoči niti dejstva, da pomoč še ni bila povrnjena.
Restoration of the company’s viability
Ponovna vzpostavitev sposobnosti preživetja podjetja
Market prospects and credibility of the forecasts included in the restructuring plan
Tržne priložnosti in verodostojnost napovedi iz načrta prestrukturiranja
In section 2.2 of the opening decision, the Commission described the principal measures in the restructuring plan [14].
Komisija je v oddelku 2.2 odločitve o sprožitvi postopka opisala glavne ukrepe iz načrta prestrukturiranja [14].
In section 3.3.3 of the opening decision, it stated that the plan prima facie complied with the requirements of points 35 to 37 of the restructuring guidelines.
V oddelku 3.3.3 odločitve o sprožitvi postopka je menila, da ta načrt očitno izpolnjuje zahteve iz odstavkov od 35 do 37 smernic za prestrukturiranje.
In other words, the restructuring plan seemed to be suited to restoring the company’s long-term viability.
Z drugimi besedami, z načrtom prestrukturiranja se očitno omogoča ponovna vzpostavitev dolgoročne sposobnosti preživetja podjetja.
During the formal investigation procedure culminating in this Decision, the Commission analysed in greater detail the elements on which the plan was based so as to be able to establish whether or not this initial assessment was correct.
Komisija je na podlagi formalnega postopka preiskave, ki se zaključuje s to odločbo, podrobneje proučila elemente, na katerih temelji načrt, da bi lahko to prvotno oceno potrdila ali jo ovrgla.
The Commission evaluated the forecasts resulting from the restructuring plan, notably in terms of growth prospects.
Komisija je ocenila napovedi, ki izhajajo iz načrta prestrukturiranja, zlasti možnosti za rast.
It compared them with recent trends.
Primerjala jih je z zadnjimi težnjami.
According to CECED [15], the volume trend in the European market between 2005 and 2007 shows moderate growth in western Europe (approximately 2 % a year) and sustained growth in eastern Europe (approximately 7 % a year).
Po navedbah združenja CECED [15] gibanje obsega evropskega trga med letoma 2005 in 2007 kaže zmerno rast v zahodni Evropi (približno 2 % na leto) in hitro rast v vzhodni Evropi (približno 7 % na leto).
However, the latter growth rate is anything but a foregone conclusion, as it is subject to the fluctuations of the economy, with double-digit expansion and double-digit contraction readily alternating.
Vendar je ta zadnja stopnja rasti negotova, saj je pod vplivom gospodarskih nihanj, torej ne bi bilo presenetljivo izmenjevanje dvomestne pozitivne rasti in dvomestne negativne rasti.
Although in the long run a convergence in purchasing behaviour between eastern Europe and western Europe is possible, the weak purchasing power of the former means that demand is concentrated on essential goods (washing machines and refrigerators) and entry-level appliances.
Čeprav je dolgoročno mogoče, da se bodo potrošniške navade v vzhodni Evropi približale tistim v zahodni Evropi, pa je zaradi šibke kupne moči v teh državah povpraševanje usmerjeno na osnovne potrebščine (pralne stroje in hladilnike) in najosnovnejše modele.
It is these markets, however, that Turkish and Asian competitors are entering.
Vendar so prav na te trge vstopili turški in azijski konkurenti.
The markets showing potential as far as FagorBrandt is concerned are therefore those of western Europe, as they are larger in both value and volume and less dependent on low-end products where FagorBrandt can no longer be competitive and whereon the strong growth in eastern Europe is based.
Mogoči trgi skupine FagorBrandt so torej v zahodni Evropi, saj sta njihova vrednost in obseg večja ter so manj odvisni od izdelkov nižjega cenovnega razreda, ki jim FagorBrandt ne more več konkurirati in ki povzročajo hitro rast v vzhodni Evropi.
More particularly, FagorBrandt’s reference market is the French market, where the group achieves [50-80] % of its sales, produces [75-100] % of its volumes and employs [75-100] % of the group’s workforce.
Natančneje, referenčni trg skupine FagorBrandt je francoski trg, na katerem skupina ustvari [50–80] % prodaje, uresniči [75–100] % obsega in zaposluje [75–100] % zaposlenih v skupini.
According to GIFAM [16], in 2007 the French market for large electrical household appliances grew by 1 % compared with 2006, in both volume and value terms.
Po podatkih združenja GIFAM [16] se je trg bele tehnike v Franciji v letu 2007 povečal za 1 % v primerjavi z letom 2006, in sicer po količini in vrednosti.
More specifically, the market for […] appliances, on which FagorBrandt wishes to concentrate, grew by […] % compared with 2006, whereas in the case of […] appliances sales fell by […] %.
Natančneje, trg […] aparatov, na katerega se želi usmeriti FagorBrandt, se je povečal za […] % v primerjavi z letom 2006, čeprav se je prodaja […] aparatov zmanjšala za […] %.
The trends by type of product show that the high-growth markets developing in Europe and particularly in France are essentially those for […] products.
Gibanja po vrstah proizvodov kažejo, da so vodilni trgi, ki se razvijajo v Evropi in še zlasti v Franciji, povezani predvsem s proizvodi […].
Growth in […] products is significant, whereas the market for refrigeration products is virtually at a standstill, as can be seen from the following table taken from the GIFAM study:
Izrazita je rast proizvodov […], medtem ko je hladilniška industrija skoraj zastala, kot je razvidno iz naslednje preglednice, povzete iz študije združenja GIFAM:
Consequently, FagorBrandt’s decision to refocus in particular on […] and to develop […] seems consistent with the trend in the various segments and products.
Zato odločitev skupine FagorBrandt, da se po eni strani znova usmeri na […], po drugi strani pa razvije […], očitno sledi gibanju različnih segmentov in proizvodov.
Having analysed the other basic components of the restructuring plan aimed at justifying the relevance of the forecasts relating to FagorBrandt’s long-term operational profitability, the Commission considers that those forecasts are realistic.
Komisija po proučitvi drugih bistvenih elementov iz načrta prestrukturiranja, ki bi lahko upravičili napovedi v zvezi z operativnim dobičkom skupine FagorBrandt v nekaj letih, meni, da so navedene napovedi realne.
The remainder of this analysis will be limited, therefore, to the two specific concerns regarding the realistic nature and adequacy of the restructuring plan raised in the opening decision.
Zato bo preostanek analize omejen na dva posebna dvoma o realnosti in zadostnosti načrta prestrukturiranja, ki sta bila navedena v odločitvi o sprožitvi postopka.
Secondly, the Commission noted that the restructuring plan did not indicate how FagorBrandt intended to reimburse the incompatible aid received by its Italian subsidiary, thus placing the restoration of the company’s viability in doubt.
Drugič, Komisija je ugotovila, da v načrtu prestrukturiranja ni navedeno, kako namerava FagorBrandt vrniti nezdružljivo pomoč, ki jo je prejela njegova italijanska podružnica, kar postavlja pod vprašaj ponovno vzpostavitev sposobnosti preživetja podjetja.
The French authorities stated that the recovery of the incompatible aid by the Italian authorities should have no impact on the group’s financial situation.
Francoski organi so pojasnili, da izterjava nezdružljive pomoči italijanskih organov ne bi smela vplivati na finančno stanje skupine.
The purchase price paid by Brandt Italia for the electrical household appliance business of Ocean SpA was increased by the estimated amount of the aid receivable by Brandt Italia, namely EUR [5-10] million (against an actual aid amount received by Brandt Italia of EUR [5-10 million]).
Nakupna cena, ki naj bi jo družba Brandt Italia plačala za dejavnost proizvodnje električnih gospodinjskih aparatov podjetja Ocean Spa, je bila namreč zvišana za ocenjeni znesek pomoči, ki naj bi jo prejela družba Brandt Italia, to je [5–10] milijonov EUR (za dejanski znesek pomoči, ki jo je prejela podružnica Brandt Italia, v višini [5–10 milijonov] EUR).
The French authorities accordingly observe that the benefit of the unlawful aid was almost entirely passed on to the seller Ocean SpA (leaving a balance of EUR [< 1 million]).
Francoski organi na podlagi tega ugotavljajo, da se je dohodek iz nezakonite pomoči skoraj v celoti prenesel na prodajalca Ocean SpA (s preostankom v višini [< 1 milijona] EUR).
On the basis of the above considerations, the Commission concludes that the doubts about the restoration of viability raised in the opening decision are allayed.
Komisija na podlagi navedenih ugotovitev sklepa, da so odpravljeni dvomi o ponovni vzpostavitvi sposobnosti preživetja, ki so bili navedeni v odločitvi o sprožitvi postopka.
Doubts about the restoration of viability raised by the interested party
Dvomi, ki jih je o ponovni vzpostavitvi sposobnosti preživetja imela zainteresirana stran
As indicated above, the competitor requesting anonymity challenges the claim that the restructuring can restore the company’s long-term viability.
Kot je bilo navedeno, se konkurent, ki je želel ostati anonimen, ne strinja, da bi s prestrukturiranjem lahko znova vzpostavili dolgoročno sposobnost preživetja podjetja.
First of all, it considers that the company should have transferred part of its production to low-cost production areas where it could benefit from economies of scale.
Prvič, meni, da bi moralo podjetje preseliti del svoje proizvodnje na poceni proizvodna območja, na katerih bi lahko izkoristilo ekonomije obsega.
Secondly, the company will be unable to afford the investment needed to improve its products in an industry which each year requires significant investment in plant, design and R & D. Thirdly, the company is still too small compared with its rivals.
Drugič, podjetje ne bo kos potrebnim naložbam za izboljšanje svojih proizvodov v industriji, ki vsako leto zahteva velike naložbe v industrijsko orodje, zasnovo, raziskave in razvoj. Ne nazadnje poudarja, da podjetje ostaja premajhno v primerjavi s svojimi konkurenti.
In the paragraphs that follow, the Commission will seek to ascertain whether these comments by the competitor requesting anonymity call into question its conclusions concerning the restoration of viability.
V naslednjih odstavkih bo Komisija preverila, ali so te pripombe konkurenta, ki je želel ostati anonimen, v nasprotju z njenimi ugotovitvami glede ponovne vzpostavitve sposobnosti preživetja.
On the need to transfer part of production to lower-cost countries, the Commission would observe that the French authorities have in fact answered this point.
Kar zadeva potrebno preselitev dela proizvodnje v cenejše države, Komisija ugotavlja, da so francoski organi odgovorili prav na to točko.
Those authorities stress that the development targeted by FagorBrandt (high-value-added and innovative products), like that of some of its strictly European competitors, is incompatible with the systematic transfer of production to low-cost countries.
Kot opozarjajo, se usmerjeni razvoj skupine FagorBrandt (inovativni proizvodi z visoko dodano vrednostjo) in nekaterih njenih strogo evropskih konkurentov ne sklada z razmestitvijo njihove proizvodnje v poceni državah.
For the majors, the establishment of production units in low-cost countries also reflects a wish to expand sales there.
[…] V primeru velikih podjetij postavitev proizvodnih enot v poceni države izhaja tudi iz želje, da bi tam razvila prodajo.
On the assertions by the competitor requesting anonymity regarding FagorBrandt’s inability to afford the significant investment needed in order to remain competitive and regarding the company’s excessive smallness compared with the majors, the Commission would observe that it itself pointed out in paragraph 8 of the opening decision that these factors had contributed to the company’s difficulties.
Glede trditev konkurenta, ki je želel ostati anonimen, da FagorBrandt ne bo kos velikim naložbam, ki so potrebne za ohranjanje konkurenčnosti, in da je podjetje premajhno v primerjavi z največjimi podjetji, Komisija ugotavlja, da je že sama v odstavku 8 odločitve o sprožitvi postopka navedla, da so ti dejavniki pripomogli k težavam podjetja.
It would observe, however, that the restructuring plan seems to respond to these challenges.
Vendar ugotavlja, da se zdi, da je načrt prestrukturiranja pravi odgovor na te izzive.
The company intends […].
Podjetje namreč namerava […].
The Commission would also observe that, despite their small size compared with the majors and their focus on production in the countries of western Europe, some companies in the sector manage to remain competitive by concentrating on certain products and segments.
Komisija tudi opozarja, da nekatera podjetja iz sektorja kljub majhnosti v primerjavi z velikimi podjetji in kljub obsežni proizvodnji v zahodni Evropi zmorejo ohranjati konkurenčnost z osredotočanjem na nekatere proizvode in segmente.
It would observe, further, that the ever closer integration of FagorBrandt into the Fagor group is also helping to resolve these size-related problems.
Komisija še ugotavlja, da tudi vedno večje vključevanje skupine FagorBrandt v družbo Fagor pripomore k reševanju teh težav, povezanih z majhnostjo.
To sum up, the Commission recognises that the points raised by the competitor represent challenges for FagorBrandt, but it considers that the restructuring plan is up to meeting those challenges and makes it sufficiently probable that viability will be restored.
Skratka, Komisija priznava, da so vprašanja, na katera je opozoril konkurent, izzivi za FagorBrandt, vendar meni, da bi bil načrt prestrukturiranja lahko odgovor nanje in da je zadosti verjeten, da bo omogočil ponovno vzpostavitev sposobnosti preživetja.
In the light of the above, the Commission considers that the comments from the competitor requesting anonymity do not call into question its assessment that the restructuring plan permits the restoration of FagorBrandt’s long-term viability.
Komisija na podlagi navedenega meni, da pripombe konkurenta, ki je želel ostati anonimen, ne izpodbijajo njene ocene, da načrt prestrukturiranja omogoča ponovno vzpostavitev dolgoročne sposobnosti preživetja podjetja FagorBrandt.
Effect of the additional compensatory measures on the restoration of viability
Učinek dodatnih izravnalnih ukrepov na ponovno vzpostavitev sposobnosti preživetja
Finally, still on the subject of the restoration of long-term viability, the Commission must, as is provided for in the last sentence of point 38 of the restructuring guidelines, verify whether the planned compensatory measures endanger the company’s viability.
Ne nazadnje, v zvezi s ponovno vzpostavitvijo dolgoročne sposobnosti preživetja mora Komisija, kot je navedeno v zadnjem stavku odstavka 38 smernic za prestrukturiranje, preveriti, ali predvideni izravnalni ukrepi ne ogrožajo sposobnosti preživetja podjetja.
As will be analysed below, following the opening of the procedure the French authorities proposed additional compensatory measures which were therefore not included in the financial forecasts attached to the notification.
Kot bo analizirano v nadaljevanju, so francoski organi po sprožitvi postopka predlagali dodatne izravnalne ukrepe, ki torej niso bili vključeni v finančne napovedi, priložene priglasitvi.
As the Commission considers these additional measures to be necessary, they will have to be implemented.
Komisija je presodila, da so ti dodatni ukrepi potrebni, zato jih je treba izvesti.
Inasmuch as these measures — cessation of the marketing of refrigeration, cooking and dishwashing products under the Vedette brand for a period of five years — will bring about a worsening of the company’s financial results, it must be examined whether they can be borne by the company.
Treba se je prepričati, da so ti ukrepi – petletna ustavitev trženja proizvodov hladilne tehnike, kuhalnih aparatov in pomivalnih strojev pod blagovno znamko Vedette –, zaradi katerih bo podjetje doseglo slabše finančne rezultate, sprejemljivi za podjetje.
According to the French authorities, the following two tables show the company’s financial results after factoring in implementation of the additional compensatory measures described above.
Po navedbah francoskih organov so v obeh spodnjih preglednicah navedeni finančni rezultati podjetja, ob upoštevanju izvajanja zgoraj opisanih dodatnih izravnalnih ukrepov.
The first table depicts an optimistic scenario, the second a pessimistic one.
V prvi preglednici je opisan optimistični scenarij, v drugi pa pesimistični.
Cessation of the marketing of refrigeration, cooking and dishwashing products under the Vedette brand
Ustavitev trženja proizvodov hladilne tehnike, kuhalnih aparatov in pomivalnih strojev pod blagovno znamko Vedette
Optimistic scenario
Optimistični scenarij
Operating result before non-recurrent items
Dobiček iz poslovanja pred odbitkom enkratnih stroškov
Operating result (EBIT)
Dobiček iz poslovanja (EBIT)
Result before tax
Dobiček pred obdavčitvijo
Free cash flow
Prosti denarni tok
Accumulated free cash flow
Kumulativni prosti denarni tok
Pessimistic scenario
Pesimistični scenarij
The tables are based on the following hypotheses concerning the losses of turnover that will be caused by the withdrawal of several product families marketed under the Vedette brand.
Ti preglednici temeljita na naslednjih predpostavkah v zvezi z izgubami prometa zaradi umika več družin proizvodov, ki se tržijo pod blagovno znamko Vedette.
Such a withdrawal may lead to:
Tak umik lahko povzroči:
a reduction in sales in the family of products of the Vedette brand the marketing of which is being suspended;
upad prodaje v družini proizvodov blagovne znamke Vedette, katere trženje se začasno ukinja;
a reduction in sales in the other families of products marketed under the Vedette brand [18] (negative range effect on products of the Vedette brand);
upad prodaje v drugih družinah proizvodov, ki se tržijo pod blagovno znamko Vedette [18] (negativni učinek celotne palete na proizvode blagovne znamke Vedette);
a reduction in sales of other brands (negative portfolio effect on all brands of the FagorBrandt group).
upad prodaje drugih blagovnih znamk (negativni učinek portfelja na vse blagovne znamke skupine FagorBrandt).
The optimistic scenario takes account only of the effects mentioned at (a) and (b) above, the loss related to the cessation of the marketing of a product being equivalent to a loss of [60-90] % of the turnover from the ceased product line […] and [20-30] % of the turnover from the other products marketed under the Vedette brand.
Optimistični scenarij upošteva samo navedena učinka (a) in (b), izguba, povezana z ustavitvijo trženja proizvoda, pa bo obsegala [60–90] % prometa ukinjenega proizvodnega programa […] in [20–30] % prometa drugih proizvodov, ki se tržijo pod blagovno znamko Vedette.
The pessimistic scenario takes account of the factor mentioned at (c) above and presupposes a loss rate of [110-140] % for the ceased product line (the loss may not be confined to […] and […]).
Pesimistični scenarij upošteva navedeni dejavnik (c) ob domnevni [110–140]-odstotni stopnji izgube za ukinjeni proizvodni program (izguba lahko prizadene ne samo […] in […]).
The French authorities explain that such a pessimistic hypothesis corresponds to the company’s actual experience: it decided in 2003 to abandon […] in France in order to concentrate on […], which benefited from a specific sales force.
Francoski organi pojasnjujejo, da je taka pesimistična predpostavka v skladu s preteklo izkušnjo podjetja: leta 2003 se je odločilo, da v Franciji opusti […], da bi se v celoti usmerilo na […], katerega prodaja je bila še posebej intenzivna.
This had a highly negative knock-on effect, as not only was the entire turnover achieved […] lost but the loss also affected […] (total loss on these two brands of […] appliances over two years compared with initial sales of […] units, including […] […], being equivalent to a loss of [120-140] % of the abandoned volumes) [19].
Ta ukinitev je imela zelo negativen učinek, saj se je izgubil ne samo celoten ustvarjeni promet […], ampak je izguba dosegla tudi […] (skupna izguba iz teh dveh blagovnih znamk […] aparatov v dveh letih, ki jo je treba navezati na prvotno prodajo […] enot, med njimi […] […], kar je [120–140]-odstotna izguba opuščenega obsega) [19].
On the basis of the analysis of the data in the above two tables and of the other data provided by the French authorities, the Commission would observe that the compensatory measures adopted will weaken the company as they will lead to a worsening of its results starting in 2009, the year of their implementation.
Komisija na podlagi proučitve podatkov iz obeh zgornjih preglednic in drugih podatkov, ki so jih predložili francoski organi, ugotavlja, da bodo izbrani izravnalni ukrepi oslabili podjetje, ker bo od leta 2009, ko se bodo navedeni ukrepi začeli izvajati, zaradi njih dosegalo slabše rezultate.
However, the company will once more achieve a net positive result in 2010, increasing in subsequent years.
Vendar bo podjetje že leta 2010 spet doseglo pozitiven neto rezultat, in ta se bo v naslednjih letih povečeval.