Czech truck maker Avia boosts sales by 56% in 2012.

By bne IntelliNews January 16, 2013
The leading Czech truck maker Avia boosted sales by 56% y/y to CZK 665mn (EUR 26mn) in 2012 helped by strong demand in central and eastern Europe, CTK news agency reported. The company sold 1,003 vehicles last year, or by two-thirds more than in 2011. Avia also supplied chassis and cabins to US producer of electric cars Smith Electric. The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by CZK 15mn in 2012 but it continued to post losses due to low production levels. "The level of profitability is somewhere around 3,000 cars and we are trying to get there," managing director Tomas Jiricka said. Avia is part of India-based Ashok Leyland Ltd, a truck manufacturing company with a yearly output exceeding 80,000 units.

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335