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LINET’s revenues rise by 4.6 percent

“The foreign exchange fluctuations, as well as the growing economic crisis, were among the most significant factors in the closed business year that affected LINET’s economic management. In spite of this, we managed to improve on the results of last year. Of course, the global recession could have a certain delayed impact on our economic position,” stated LINET’s managing director Zbyněk Frolík. A positive trend with regard to a rise in turnover was shown by all of LINET’s subsidiaries as well as sales in the Czech Republic. Sales on the home market increased to EUR 14.5 million. “Consumer behaviour changed on the home market, Czech clients are buying more electrical beds in the social and healthcare sector,” said sales director for the Czech Republic Radek Chvosta. As an example, on the home market Linet managed to acquire a turnkey project for the Nursing Home in Trutnov worth EUR 1 million or for the Municipal Hospital in Ostrava for EUR 1.4 million. The Czech Republic thereby accounted for almost 22 percent of the turnover.
A total of 78 percent of LINET’s production was exported while the most important markets continue to be those of West European countries. LINET also managed to strengthen its position on other markets. “In South and Latin America, besides our successful activities in Mexico and Chile, we managed to enter the markets of Brazil and Argentina,” said LINET sales director Jan Horák. LINET’s position was also reinforced in the Middle East and Africa, above all in Saudi Arabia, the United Arab Emirates, Kuwait, Egypt, Libya, Sudan and South Africa.
Thanks to the network of subsidiaries consisting of LINET France, LINET Italia, LINET Sweden, Spain’s Desan Flex, LINET UK and LINET Far East, LINET is achieving about a 26 percent turnover in these regions. Despite the strong protectionist policy in France, LINET managed to deliver 4 000 electrical beds to the local market and LINET France’s share reached almost 10 % of the total turnover. LINET UK has the first full year behind it and thanks to this it recorded a 300% increase. LINET Italia also did well – among the most important events were deliveries to the private Donato Group of hospitals in northern Italy, as well as orders for hospitals in Sicily. In the next few years LINET wants to continue building a direct sales network and develop the prospective regions of Latin America, the Middle East and Asia.
In the last business year the company launched the biggest construction project in its history. This concerns the extension of production and storage space on an area of 12 500 m2 and during the year almost the entire building section totalling EUR 5.3 million was completed. Another pleasing circumstance associated with production is the increase in total added value by 15 %. Added value per one core worker achieved the value of EUR 48 thousand. Total costs spent on research and development amounted to EUR 2.6 million.
LINET also extended its product portfolio. The bed of the new generation of the Eleganza 3, Eleganza Smart and Altura Thema was launched mid last year. Apart from beds with unique functions, LINET was able to boast for the first time of the special Virtuoso mattress from the workshop of its own development firm PSPT based in Great Britain. A total of 40 000 beds, i.e. 17 % more than the previous year, were produced at Želevčice u Slaného during the 2008/09 business year.
In the 2009/10 business year LINET plans a turnover increase of 4.2 percent. A condition of this is high quality products and the positive trend in demand, and an important role will be played by cost affected by the flexible exchange rate of the Czech crown. The company LINET, in which 611 people were working as well as in its subsidiaries at the end of the last business year, was founded in 1990 as a green field project. Today it is the leader on the home market and is one of the five biggest hospital bed manufacturers in the world. LINET’s products are sold in 75 countries on all continents.
(23.6.2009)