{"id":5937,"date":"2018-08-13T00:00:56","date_gmt":"2018-08-12T23:00:56","guid":{"rendered":"https:\/\/praguebusinessjournal.com\/?p=5937"},"modified":"2020-02-04T20:01:35","modified_gmt":"2020-02-04T19:01:35","slug":"edwards-sales-up-to-kc5-billion-in-2017","status":"publish","type":"post","link":"https:\/\/praguebusinessjournal.com\/edwards-sales-up-to-kc5-billion-in-2017\/","title":{"rendered":"Edwards Sales Up To Kc5 Billion In 2017"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Lutin, North Moravia, Aug 13 (CTK) &#8211; Pump producer Edwards saw its sales rise from Kc4.788bn in 2016 to Kc5.037bn last year, its profit falling by 17 percent to Kc516m, according to data from the company&#8217;s annual report.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><span class=\"s1\">The Lutin plant of Edwards is a unit of Swedish group Atlas Copco.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><span class=\"s1\">&#8220;The financial performance in 2017 rose by 5 percent thanks to increased demand for the company&#8217;s products in all regions, mainly in China, the USA and Europe,&#8221; the report says.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><span class=\"s1\">The Lutin plant&#8217;s output increased by 18 percent year on year, but its financial result was affected by the development of the crown&#8217;s exchange rate.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><span class=\"s1\">The company benefited from a previous transfer of production from Britain to the Czech Republic.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><span class=\"s1\">Most of the 2017 output was exported abroad. Revenues from sales abroad amounted to Kc4.8bn.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><span class=\"s1\">In 2016, Edwards&#8217;s sales fell from the 2015&#8217;s record-breaking amount of Kc5.318bn to Kc4.788bn owing to a transfer of part of production to China. Production of technologically outdated air pumps was transferred from Lutin to a sister plant in China.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><span class=\"s1\">The Lutin plant produces vacuum and pressure pumps used in the food-processing industry, car manufacturing and the chemical industry. It also supplies pumps to nuclear power plants and to steel and solar panel producers.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><span class=\"s1\">At the end of 2017, the Lutin plant employed about 440 people.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lutin, North Moravia, Aug 13 (CTK) &#8211; Pump producer Edwards saw its sales rise from Kc4.788bn in 2016 to Kc5.037bn last year, its profit falling by 17 percent to Kc516m, according to data from the company&#8217;s annual report. &nbsp; The Lutin plant of Edwards is a unit of Swedish group Atlas Copco. &nbsp; &#8220;The financial &#8230; <a title=\"Edwards Sales Up To Kc5 Billion In 2017\" class=\"read-more\" href=\"https:\/\/praguebusinessjournal.com\/edwards-sales-up-to-kc5-billion-in-2017\/\" aria-label=\"Read more about Edwards Sales Up To Kc5 Billion In 2017\">Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":2118,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[18],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Edwards Sales Up To Kc5 Billion In 2017 - Prague Business Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/praguebusinessjournal.com\/edwards-sales-up-to-kc5-billion-in-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Edwards Sales Up To Kc5 Billion In 2017 - Prague Business Journal\" \/>\n<meta property=\"og:description\" content=\"Lutin, North Moravia, Aug 13 (CTK) &#8211; Pump producer Edwards saw its sales rise from Kc4.788bn in 2016 to Kc5.037bn last year, its profit falling by 17 percent to Kc516m, according to data from the company&#8217;s annual report. &nbsp; The Lutin plant of Edwards is a unit of Swedish group Atlas Copco. &nbsp; &#8220;The financial ... 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