The industrial holding Czechoslovak Group (CSG), wholly owned by entrepreneur Michal Strnad, announced its consolidated financial results for 2018. Revenues reached CZK 11.5 billion, increased by 48 percent year-on-year. EBITDA amounted to CZK 1.9 billion, up by 43 % year on year.
The key drivers of growth were the following: the services in the area of aviation and aviation training, production of special ground equipment, the radar production and rolling stock brake systems production.
DAKO-CZ, the manufacturer of rolling stock brakes in Třemošnice, can be called the “high achiever of the year” within the CSG group. It increased revenues from CZK 738 to CZK 927 million and EBITDA from CZK 91 to CZK 150 million. An excellent result was achieved also by the radar manufacturer ELDIS, located in Pardubice city, which generated EBITDA of CZK 134 million with revenues of CZK 351 million.
