annual report 2001 1 3 the time that has passed and way forward was fifth year of business for technor as a public listed company we think much happened in this group s turnover increased by multi ple almost five while nominal ope rating result remained at same level have managed to grow earn money even though operating margins seen percentage are reduced is partially conscious strategy purchase compa nies where restructuring turn around were among preconditions investment addition been through period heavy development new future oriented products falling oil prices an invest ment freeze external parame ters had unfortunate influence on earnings now entered growth energy consumption 2 0 expected worldwide next 20 years there decline production with gas coal most important ele ments
