Homepage News ŠKODA JS in 2018 – Steadily good results

ŠKODA JS in 2018 – Steadily good results

Date: 6. 5. 2019

In the year 2018, ŠKODA JS a.s. confirmed its good condition and its key position in the sector, proved its financial and technological stability and dynamics, and once again was profitable. According to international accounting standards, the company achieved consolidated revenues of over CZK 4.1 billion and profit before tax of over CZK 235 million.

The company's export orientation continued. Exports to 14 countries accounted for 68% of the sales achieved. The largest share was delivered to Slovakia, Ukraine and Armenia. For the future stability and development of the company, it is essential that new contracts for the next period worth almost CZK 4.1 billion were signed.

“ŠKODA JS has confirmed its position as a major European company in supplies for the nuclear power industry. It continued the on-going domestic and foreign projects and at the same time actively explored the possibilities to get engaged in future opportunities in the sector and to strengthen the cooperation with major global partners,” said Vladimír Poklop, Chairman of the Board of Directors and General Director of ŠKODA JS. “In 2018, the advantage that the company has retained its triangular model was proved again, i.e. the combination of engineering, manufacturing and service. This allows us to offer comprehensive services and deliveries, to guarantee quality and to offer the customer a team working for all stages of the project and throughout its lifecycle”.

The company has continuously been renewing its facilities and equipment, in 2018 it spent CZK 145 million on the acquisition, modernization and repairs of investment property. The number of employees is steadily about 1,100.

Engineering accounted for most of the company's revenues in 2018 - more than 67%. Completion of Units 3 and 4 of the Mochovce Nuclear Power Plant in Slovakia continued to be the main project in this segment, where there progressed the preparations for the commissioning of Unit 3 and completion of assembly works and initiation of tests at Unit 4. Furthermore, projects regarding the control system refurbishment at the Hungarian Paks NPP and modernization of Ukrainian nuclear power plants have been successfully carried out.

Service is a stable segment with almost 19% share in the company's revenues. Based on the framework agreement with ČEZ, a.s., for the maintenance of the Primary circuit logical units, service continued at the Dukovany and Temelín NPPs. In addition to the standard service and maintenance works, ŠKODA JS also implemented larger repairs within regular outages. For example, replacement of the clack valve of the low-pressure emergency core cooling system at Unit 3 of the Dukovany NPP.

The Production segment accounted for almost 14% of the company's sales in 2018. In the coming years, its share will increase. The development phase of the contract for the supply of ŠKODA 1000/19 casks for the Temelín NPP was completed by dispatching the first piece. By the year 2035 ŠKODA JS will produce 60 pieces of these casks. Preparation works regarding cask production for the Dukovany NPP proceeded. Also the production of control elements for VVER reactors has been continuing. Another impulse for the development of the Production division in 2018 is the signed contract with French company FRAMATOME for the production and delivery of two sets of EPR 1600 MW reactor pressure vessel internals for the construction of the Hinkley Point C NPP in the UK.

In 2018, ŠKODA JS once again proved that, together with other Czech companies in the nuclear power supply sector, it maintains and develops its know-how, its potential and its readiness to participate in major new projects in the Czech energy sector.

“In the Czech Republic, a realistic timetable for the construction of new nuclear sources has been prepared, in which the year 2019 will be very important," said Vladimír Poklop, Chairman of the Board of Directors and General Director of ŠKODA JS. “Ensuring sufficient electricity generation capacities is a key factor in energy security. Over the next twenty years, coal-fired power stations, which account for more than half of the electricity generation today, will gradually be decommissioned. Nuclear power plants are the only emission-free source that can actually replace most of this deficit. We are ready to use our experience and know-how from abroad again at home. In addition to ensuring energy security, building new resources with a significant Czech share also means stability and increased performance of Czech companies. It is therefore a project that will contribute to the stability of the industry and will positively influence the development of the regions."

Jan Stolár, ŠKODA JS´ spokesperson,
jan.stolar@skoda-js.cz  +420 605 221 093