Siemens Czech unit says sales up 7% y/y in FY to Sep 30 2011.

By bne IntelliNews December 22, 2011
Domestic sales of the Czech unit of German concern Siemens increased by 7% y/y to CZK 32bn (EUR 1.25bn) in the financial year ending on Sep 30 2011, the Czech subsidiary said in a statement on its website. Exports increased even faster, by 14.7% y/y to CZK 19.5bn. The company has taken advantage from the recovery of the Czech and the international markets as it managed to increase production, sales and clients number. Siemens employed more than 10,500 workers at the end of September 2011. It has opened new 160 jobs at its OEZ Letohrad plant after it transferred production of air circuit breakers in the Czech Republic. The company plans to expand further activities in 2012 which includes opening of a new plant in nearby Kraliky and building a new facility at its Mohelnice electric motor plant. The latter will create about 200 new jobs, the company said.

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