TNBiz (TNBiz)
Czech markets  |  June 21, 2012 13:40:06

Aero last year reported net profit of 175 million crowns


PRAGUE (MEDIAFAX) - Aero Company reported a net profit for 2011 in the amount of CZK 175 million, total sales last year exceeded $ 2.2 billion. The company told CTK on Thursday with the fact that the contracts contracted for the next five years should provide work for 300 people.

"The positive trend started in 2007, when Aero took the investment group Penta, then continues. With the restructuring of the Aero escape from problems, and within four years of accumulated profits reached 1.35 billion crowns, "said PR specialist Aero Vodochody Kryšpínová Teresa, with the potential for further business growth in the coming years, several long-term contracts that the company been closed.

"The new orders as a key contract with the Brazilian company Embraer in the development and production of a new multi-purpose military transport aircraft KC-390th Orders in the following years until 2018 will bring growth to triple our sales, "said Ladislav Simek, President of Aero Vodochody.

Aero manufactures aircraft industry since 1919. For most of history, focusing mainly on the development and manufacture of jet training aircraft, in recent years to shift their focus to the production of aircraft components for civil and military aircraft and helicopters. Aero is the sole owner since 2007, investment group Penta.

Jan Soukup, soukupj@mediafax.cz

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