Iveco Bus Czech Republic

William Malcolm

Iveco Bus Sees Revenue And Profit Rise

Iveco Czech Republic generated a profit after tax of CZK 2.746 billion in 2019, a CZK 658 million increase from 2018. Annual revenues reached CZK 24.172 billion, which represents a year-on-year increase of five percent. According to documents published on the company’s website.

The Vysoke Mýto manufacturer, formerly known as Karosa, marks its 125th anniversary this year. The plant in Vysoké Mýto is the largest production plant of Iveco Bus, which is a brand of the CNH Industrial Group.

The company produced 4,612 vehicles last year. Its production increased by seven percent year on year. The better results are due to clients’ greater interest in the long-distance Crossway line, which the company makes in Vysoke Myto.

The main markets for the company were in Western and Northern Europe. It delivered 1,524 vehicles to France, 799 to Italy, and 438 to Germany. It also exported to Norway and Austria.

In 2019, Iveco sold 428 buses in the Czech Republic, 34.5 percent more than in 2018. More than 50 customers bought new busses. The most important in terms of the number of units sold was the Arriva and ČSAD Central Bohemia.

Last year, the company exported 196 vehicles to Slovakia, which is a similar result as in the previous year. The main customers were Slovenská autobusová doprava Zvolen, Dopravní podnik Prešov and Dopravní podnik Trenčín.

The company also had larger orders in Croatia and exported to Estonia, Lithuania, Romania, Bulgaria, and Russia. A total of 521 buses went to the territories of Central and Eastern Europe. Outside Europe, Côte d’Ivoire bought 370.

Last year, the company employed 2,920 people, 322 more than a year earlier. The company also employed almost one thousand temp workers.

The Board of Directors and the Supervisory Board of Iveco proposed distributing CZK 814 million of the profits among the shareholders. CZK 34 million was to go to the social fund, and the remaining CZK 1.9 billion was retained earnings.