TECHO: 2010 favoured exports

PRAGUE, 24th January 2011 – TECHO, the leading Czech manufacturer and supplier of office furniture and interior fit-outs, has reported a year on year 8% increase in sales for 2010 to 1050 mln CZK. Exports, which grew by 19%, were the major contributor to these results. Sales in the Czech market remained at the same level as last year.

„Although the Czech and European markets declined by around 15% last year we succeeded in maintaining sales in the Czech Republic at the same level. This means that our market share improved significantly. Our position in export markets also improved significantly following a 19% increase in exports. This demonstrates that if at a time of crisis Czech companies are not satisfied just to survive, but actually want to come out stronger, it is necessary to react flexibly to changing market demands,“ says Jiří Kejval, Managing Director TECHO, who added: „Our long-term strategy is high flexibility and I am happy that the latest results confirm we are on the right track.“

Of the export markets TECHO again recorded its greatest successes in Great Britain and the Middle East. We are also happy to report that Slovakia had its best ever year and sales figures for Romania were also excellent. We also had good results in Austria and the Balkans.

„2010 was for us a year of challenges, and in accordance with our long-term strategy we have focused primarily on the key markets of Central and Eastern Europe. Next year we intend to further develop the sales potential of these markets. In doing this, however, we will not ignore the more exotic countries such as China and a number of African states,“ concludes Petr Hampl, Sales Director and member of the Board of Directors of TECHO.

Press information:

TECHO, a. s., is the leading company providing comprehensive services in the area of supplying commercial interiors in Central and Eastern Europe and is also a major producer of office furniture in the Czech Republic. TECHO offers the most effective solutions for the new office environment while creating an optimal atmosphere for dynamic companies. Its clients include major banks, financial institutions, international companies and government organisations. Today it has branches in Great Britain, Slovakia, Austria, Hungary, Romania, Croatia, Russia, Georgia and Ukraine. Since 2008 it has been part of the Dutch concern Royal Ahrend NV, which is one of the five largest producers of office furniture in Europe.

The audited results for 2010 will be released in accordance with the rules of Royal Ahrend N.V. on 24. 4. 2011.

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