ŠKODA JS posted revenues of almost CZK 4.7bn for 2017, up 5% y/y. Export into 12 countries accounted for more than 68% of the revenues, with Slovakia, Hungary and Ukraine the main export destinations. Newly acquired contracts approached CZK 4.4bn. Pretax profit grew to CZK 374m from CZK 178m. The result was driven by higher efficiency and qualitative growth.