May 26, 2016 1:16 PM 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 Holding Reports Consolidated Earnings Results for 2015

Vitkovice Holding reported consolidated earnings results for 2015. For the year, the company made a CZK 240 million profit, CZK 160 million lower than in 2014, and its sales decreased by CZK 2 billion to CZK 14 billion. Sales fell due to the global decrease in investments in oil and gas extraction and processing. The drop was significantly offset by growth in sales of Vitkovice Machinery Group's bottling plant. Operating profit reached CZK 400 million and EBITDA profit was worth CZK 1.1 billion.

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.

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