Annual Report

Annual Report 2011 (English - pdf 2 MB)
Annual Report 2011 (Dutch - pdf 2 MB)
 
Address of the Chairman
The start of a great future
After a tumultuous time, 2010 became the year of recovery for Proviron. Our employees showed their best side and together with the recovering markets, this led to very good results. This is apparent from the figures, but more significantly, the upturn is noticeable in the company. Now it is important to stay on this path and grasp new opportunities with both hands.

Despite the fact that we were still partially working within the cost structure of the crisis in 2010, we managed to generate more revenue. That is especially important as this revenue originated from long-term measures. It is obvious we have learned lessons from the crisis and have worked hard on building sound foundations for the future. That is true both in financial terms, with our debt relief, and in operational terms, with the continued integration in feedstock and with efficiency improvement. Research, technical progress, and partnerships have all contributed to this. 
Strategy
In 2010, the focused strategy, which we resolutely chose in 2008, started bearing fruit. This success has definitely confirmed that we are following the right track. This new, market-oriented approach enables a margin increase based on the functionality of our molecules and offers tailor-made answers to the needs of existing and future customers. A nice example of this is the way we reacted with unprecedented flexibility to the massive demand for our de-icers by airports. A class act!
Visibility
During the past year, Proviron increased its exposure and enhanced its identity. We stood in the spotlight with our microalgae at the Shanghai World Expo, as well as many other trade fairs where the industry got to know us (better) as a strong brand. Our new website has also been playing an important part. It sometimes looks as if Proviron is back in its prime and becoming an even healthier, modern company that all employees can be proud of.
Leo Michielschairman