Annual Report 2018

Report of the Board of Directors on the Activities of the Company in 2018

In 2018, TECHO, a.s. pursued its activities fully in accordance with its subject of business declared in the Commercial Register.

TECHO, a.s. achieved a profit (excluding received dividends) of CZK 19 million, a comparable figure to the previous year - 2017. This was achieved at a time when the crown continued to strengthen, particularly against the Euro, which has a negative impact on the profit when enumerated in crowns.

The largest portion of revenue was generated from projects for Key Accounts, both in the local market and abroad. The largest customers were ŠKODA AUTO, Grand Vision, Intel and ERSTE (Česká spořitelna) as well as the resort fit-out project on Zanzibar.

The financial result of the company after tax for 2018 was CZK 34 million, of which CZK 15 million represents dividends received from subsidiaries. This amount is then deemed a dividend payment to the sole shareholder.

In 2018 investment into tangible and intangible fixed assets stood at CZK 15 million.

The company has an environmental management system certified in accordance with ISO 14001:2016 and in January 2018 it successfully passed a recertification audit.