The TECHO group recorded its highest ever turnover with exports accounting for 75%6.2.2014
PRAGUE, 6th February 2014 – TECHO group, the largest Czech producer and supplier of office furniture and interiors, achieved record sales in 2013 of 1.7 billion CZK, which is 46% higher than the year before. 75% of the sales revenue was generated by export activity, a third up on the previous year. Group profitability was 7%, which is, however, about 50% lower than that achieved in the years before 2008, a time when the economy was growing.
A significant contribution to the positive TECHO group financial results came from the developing markets, where the company sees great potential. The second largest export market was Great Britain.
„In the situation where the Czech market has stagnated, the company’s focus on exports has proved to be the key factor. The clear successes of TECHO demonstrate that the pro-export strategy of the company is paying off. Nevertheless, the effects of the economic recession are still being felt and are reflected in the lower profitability of the company,“ explained Jiří Kejval, Managing Director of the TECHO group.
Due to the extreme commercial pressure in the local market the Czech branch has recorded a lower profit than the average within the group. On the other hand, higher profitability against the average was achieved by the branches in Slovakia, Romania, Great Britain, and also by exports to developing markets. Due to the high margins the African market, where TECHO has been active for almost 15 years, is the most interesting at the current time.
„In 2014 we intend to maintain our key position in the local market and develop commercial opportunities abroad. For the success and development of the TECHO group a strong export focus will remain of fundamental importance. At the Czech branch, which is facing the lowest level of profitability, we want to focus on optimisation of internal processes to increase productivity,“ 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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