The EUROVIA CS Construction Group’s profits have risen thanks to a PPP project in Slovakia, and it will focus on expanding its portfolio of services
Prague, 13 April 2012 – The EUROVIA CS Group’s consolidated turnover in 2011 was CZK 25.3 billion. Profit after tax, calculated according to international standards, was CZK 1.36 billion. As at the end of December the EUROVIA CS Group employed 3 599 people.
Although turnover was down 8% year-on-year, the Group managed to increase its profit slightly. “We achieved greater profit with lower turnover thanks mainly to a number of economy measures, but unfortunately we couldn’t avoid redundancies. However, the successful implementation of a PPP project in Slovakia made a major contribution to our positive results,” explains Martin Borovka, CEO and Chairman of the Board of Directors of EUROVIA CS.
“Despite the Czech economy’s current instability the EUROVIA CS Group achieved good results. The EUROVIA CS Group has sufficient funds to allow it to take advantage of every opportunity to expand on the Czech and Slovak markets,” adds the company’s Finance Director, Grégoire Pinasseau.
Last year the proportion of road construction projects in the company’s contracts was markedly lower, down 18% on 2010. “The greatest increase was in track construction projects, especially tramlines, and in specialised projects such as water management structures, sports facilities and revitalising town and city centres. We see our broad portfolio of operations as a way of achieving solid financial results despite the present reduction in investments into the transport infrastructure,” says Zdeněk Synáček, Sales Director for EUROVIA CS.
A key project last year was the R1 in Slovakia, which was built as a PPP project. “In September last year drivers could start using the first three sections of the expressway, almost 46 kilometres in length. This year the fourth section, the Banská Bystrica bypass, will be added,” says Martin Borovka. Other projects completed last year include the optimisation of the railway line between Planá (near Mariánské Lázně) and Cheb, and a new bridge in Žďár nad Sázavou. In Vranov nad Topľou in Slovakia EUROVIA CS completed architectural and town planning work in the town centre, and it started building a new wastewater treatment plant in Dolní Poustevna.
On March 1 the EUROVIA CS Construction Group celebrated the 60th anniversary of its founding. Originally a regional contractor, over the decades it has become a strong construction group that is number one in its sector. Today the Group is structured into six regions in the Czech Republic and Slovakia, with 21 regional plants and 16 subsidiary companies.
The most important projects EUROVIA CS has worked on include sections of the D1 Motorway, the Letná Tunnel in Prague, the building of the Prague Metro and Nusle Bridge, the Mariánský Bridge in Ústí nad Labem, and the modernisation of the railway line between Poříčany and Kolín.
This is the third year of our partnership with the Look Out! project, which is one of our key activities in social responsibility. This education project for road safety is organised by the Kolečko Foundation and operates throughout the Czech Republic, targeting children aged up to 10 years old in nursery schools, primary schools and children’s homes. So far 2 500 children have been trained under the project.
Look Out! is based on interactive skills training that alerts children to what they need to watch out for on roads and pavements, using an appropriate format. The programme includes a number of quizzes and competitions. Training is designed and implemented by a road safety expert, Robert Šťastný.
Business and financial results in graphs
For more information please contact:
EUROVIA CS Spokesperson
Communication and Marketing Section Manager
T/ +420 224 951 349
GSM/ +420 731 602 534