The Czech furniture manufacturer Techo reported sales of CZK 975.5m (€37.7m) in 2009. In 2008 Techo generated sales of CZK 510.3m (€19.7m). However, despite the increase in sales, the company’s gross profit fell by nearly 80% year on year and amounted to CZK 19m (€733,600). According to Techo estimates, the firm managed to increase its share of the Czech market from 15% in 2008 to 18% in 2009, despite generally unfavourable conditions on the furniture market in Europe (contraction of 40% in 2009).
Techo is one of the largest manufacturers of furniture and suppliers of commercial interiors in all of Central and Eastern Europe (CEE). The company has branches in Great Britain, Slovakia, Austria, Hungary, Romania, Croatia, Russia, Georgia and Ukraine. Since 2008, it operates as part of the Dutch furniture group Royal Ahrend.
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