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February 12, 2016 10:26 AM ET

Machinery

Company Overview of VÍTKOVICE Holding, a.s.

Company Overview

VÍTKOVICE Holding, a.s., through its subsidiaries, is engaged in the fields of machinery manufacture and supply of large investment assemblies. It offers long forged products and pipes; shaped forgings, castings, and ship parts; gearboxes, gears, and machine parts; steel cylinders; fire extinguishing equipment; and machine parts, machinery equipment, and technological equipment. The company also provides information systems, and information and communications technology solutions; and maintenance services for machines and technologies; structural steel construction and technological equipment installation services; and testing, calibration, transport, and facility management services. In add...

Ruska 2887/101

Ostrava,  706 02

Czech Republic

Founded in 1828

Phone:

420 59 5956878

Fax:

420 59 5956035

Key Executives for VÍTKOVICE Holding, a.s.

VÍTKOVICE Holding, a.s. does not have any Key Executives recorded.

VÍTKOVICE Holding, a.s. Key Developments

Vitkovice Machinery Group Reports Preliminary Earnings Results for the Year 2015

Vitkovice Machinery Group reported preliminary earnings results for the year 2015. The company almost doubled its pre-tax profit to more than CZK 67 million in 2015, its sales rising from CZK 1 billion to over CZK 1 billion.

Vitkovice Machinery Group Gains Contracts Worth CZK 750 Million in Finland

Vitkovice Machinery Group has gained contracts worth almost CZK 750 million in Finland, including a contract to supply a recovery boiler that will be the second biggest in the world. The company is already working on two contracts. Work on the third one is to start at the beginning of next year. The value of this contract will amount to around CZK 0.5 billion and up to 230 people will be employed to work on the assembly of the boiler. Hutni montaze will also complete a waste and biofuel combusting boiler in cooperation with company Andritz near the Finnish city of Varkaus. The boiler should be ready by the middle of next year. In addition, Hutni montaze is to complete a boiler combusting coking and furnace gas on the northwestern coast of the Gulf of Bothnia by the end of this year.

Vitkovice Machinery Group Provides Earnings Guidance for the Full Year of 2014 and 2015

Vitkovice Machinery Group provided earnings guidance for the full year of 2014. For the year, the company is expecting a profit of CZK 479 million for 2014, which represents an annual rise of CZK 327 million or 214%. A consolidated operating profit is put at CZK 1.2 billion, about 60% more on the year. The company expects that profit will grow by about 50% in 2015.

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