Integrated
Report 2022

Investmets in the development of technologies and the sales network

The operation of the Group on a highly competitive market calls for constant meeting of the requirements imposed by the competitors and the customers. The Capital Group invests in the development of technologies, introduction of new products, potential increase, as well as distribution and sales network expansion. The gradual performance of strategic plans, assuming development in all key areas, guarantees the maintenance of high competitive level. Detailed information regarding investment and R&D activities of the Capital Group in 2022 may be found in section of this report entitled ‘Investments in property, plant and equipment, and capital expenditure’ and section of the report ‘Operating activities at the business segments – Research and investment projects’.

Staff qualifications and headcount structure

Business success depends on the effective work of the whole team, including management staff and their ability to retain and motivate highly qualified employees. The loss of qualified and experienced staff may bring a significant adverse impact on the operations of the Capital Group. Therefore, the Group has been continuously adjusting the personnel policy to market changes in order to attract and maintain adequate staff. Detailed information regarding the HR policy, staff development, headcount and employment structure in 2022 may be found in section of this report entitled ‘Non-financial Information Statement’.

Operating effectiveness

High operating profitability, translating into stable and high cash flows on operating activities, guarantees ongoing development of the Capital Group. Continuous improvement of production and sales processes as well as cost effectiveness contribute to high efficiency of operations and the achieved economic results.