Many reasons for pride
Our company celebrates the 95th anniversary of its existence in 2018. As we look back at the road that lead Tosama from a small workshop where bandages and cotton wool were made to the modern, customer- and market-oriented company, we are especially proud of the last few years.
The decade behind us was very turbulent but successful for our company. From ownership transformation in 2008, we have been forced to make our way through the extreme increases in prices of basic raw materials, insolvencies and bankruptcies of key customers, embargo, currency reversals, changes in price standards of medical devices, and more.
However, with hard work, clear vision and strategy, we have managed to build a new foundation for our company. Today, we have a lot of new products, new sales channels, and many new customers.
And there are many things we are rightly proud of. We are particularly proud of our employees who are very loyal to the company. They have always believed in company’s strategy and successfully introduced it to individual programs of the company and their workplace. We are proud of their common sense, immense will, enthusiasm and creativity.
We are proud of the right decisions that allowed us to optimize the technology and technological processes. In the medical field, instead of processing gauze, our focus is on offering top-quality services – by manufacturing custom procedure trays and products for modern wound care. In addition to traditional classic sanitary pads, we are successfully creating trends with high-quality cotton ultra thin pads, and with our four patents, we are the second largest among tampon manufacturers in Europe.
We are proud of our products. We create them with the awareness that they affect human health and the quality of life of the whole family in every stage of life, so we produce them from quality, preferably natural materials.
We are also proud of the road we have walked. From a company without real future we managed to turn the odds in our favour and begin the climb. The figures confirm this: sales revenues have increased by 12 percent over the last decade, value added per employee have grown by 22 percent, short term commercial receivables have been reduced by 23 percent, and net debt decreased from high coefficients (the highest 8.94 in 2010) to only 2.55 in 2017.
There are still many challenges ahead of us. The biggest one calling for immediate action is investing in technology and modernizing production. This field was very malnourished in the years when we were turning the downward trajectories upwards with a lot of effort. We are aware that in the future, most of the generated cash _ow needs to be devoted to premises and mechanical equipment modernisation, as this is the only way to maintain the current level of business results.