Tatra to generate sales worth more than 3.5 billion Kč

Tatra to generate sales worth more than 3.5 billion Kč

Czech lorry manufacturer Tatra will generate sales worth more than 3.5 billion Kč, about 1 billion Kč more than last year and the highest figure since 2008, the daily Hospodářské noviny (HN) said today.

“Sales for the first 11 months total 3.3 billion Kč,” financial director Radek Strouhal told the paper.

Tatra is owned by company Tatra Trucks of Czech entrepreneurs Jaroslav Strnad and Rene Matera, who bought it the indebted lorry maker in an auction last year.

According to Strouhal, the company’s sales increased mainly thanks to an unexpectedly successful project in Saudi Arabia, to which Tatra is to supply 750 vehicles by 2017. Its Arabian partner is to build a plant worth about 1 billion Kč to assemble and repair Tatra lorries.

Tatra plans to sell about 840 lorries this year, 15 percent more than planned. Last year it sold 722 vehicles.

Before the acquisition by new owners the number of Tatra’s employees fell from about 1,080 to 840. Since the acquisition the company has increased its output significantly, producing one car per employee annually.

Subsidiaries Taforge and Tafonco have about 500 employees.

Read more: http://www.praguepost.com/czech-news/43367-thursday-news-briefing-dec-18-2014#ixzz3MMPl6X2Y

Tatra will generate sales worth more than 3.5 billion Kč, about 1 billion Kč more than last year and the highest figure since 2008, the daily Hospodářské noviny (HN) said today.

“Sales for the first 11 months total 3.3 billion Kč,” financial director Radek Strouhal told the paper.

Tatra is owned by company Tatra Trucks of Czech entrepreneurs Jaroslav Strnad and Rene Matera, who bought it the indebted lorry maker in an auction last year.

According to Strouhal, the company’s sales increased mainly thanks to an unexpectedly successful project in Saudi Arabia, to which Tatra is to supply 750 vehicles by 2017. Its Arabian partner is to build a plant worth about 1 billion Kč to assemble and repair Tatra lorries.

Tatra plans to sell about 840 lorries this year, 15 percent more than planned. Last year it sold 722 vehicles.

Before the acquisition by new owners the number of Tatra’s employees fell from about 1,080 to 840. Since the acquisition the company has increased its output significantly, producing one car per employee annually.

Subsidiaries Taforge and Tafonco have about 500 employees.

Read more: http://www.praguepost.com/czech-news/43367-thursday-news-briefing-dec-18-2014#ixzz3MMPl6X2Y