TECHO group exceeded its sales budget by 15%, and export accounted for 70% of sales2.3.2015
PRAGUE, 2nd March 2015 – In 2014 the TECHO group, a Czech producer and supplier of office furniture and interiors, recorded total sales of 1.5 billion crowns, which is 15% above the original group plan. Operating profit (EBIT) reached 46 million CZK. TECHO is consistently successful in foreign markets, which generated 70% of last year’s sales of furniture produced at its Prague factory.
In addition to the markets in which the company has traditionally been strong, such as the Czech Republic, Slovakia and Great Britain, it was an exceptionally strong year for the company’s branch in Romania. This branch doubled its sales, which represented 18% of the entire group sales, and increased its profit four-fold. Sales also rose significantly in Germany, Poland, Hungry and France. Outside Europe both Russia and the African market are key growth zones for TECHO.
„In Africa, where we have been active for 15 years, we have been able not just to maintain our position, but also to develop new projects. During the first half of this year we will hand over our largest project to date in Africa, furnishing the HQ for National Microfinance Bank in Tanzania,“ says Jiří Kejval, Managing Director of TECHO.
A major portion of the TECHO group’s revenue was achieved by sales to key accounts. In the past these were mainly clients from the banking and insurance sectors, but now these are increasing from other sectors, such as the automobile and pharmaceutical industries.
„This year our priority is to maintain growth in the key account sector. We see major sales opportunities in Russia and Germany. The aim for this year is to increase sales and, most importantly, profit by means of structural and communication improvements.“ says Kejval.
TECHO, a.s., is one of the leading European producers and suppliers of office furniture and one of the largest companies in the Czech Republic providing comprehensive turn-key fit-out solutions for commercial interiors to local and international companies in Europe and the Middle East. Since 2008 the company has been part of the Dutch concern Royal Ahrend NV, which is one of the top three office furniture producers in Europe. 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 as well as China and the United Arab Emirates. The business activities of TECHO now also stretch to exotic locations such as Nigeria and Gabon in Africa and the Caribbean island of Trinidad.
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