GUMOTEX plans CZK 3.2bn revenue, CZK 160m investments

Published: 27.04.2021 Related countries:  Singapore Singapore

GUMOTEX plans CZK 3.2bn revenue, CZK 160m investments

In 2021, the GUMOTEX Group plans CZK 3.2bn revenue, up 18% y/y. Its EBITDA should exceed CZK 300m, of which CZK 180m will go to investments and further development. In 2020, the Group reported revenue over CZK 2.72bn. Its EBITDA grew 94% y/y to approximately CZK 269m. General director František Řezáč said that the pandemic had paralysed all Automotive Division production plants for almost two months, with a loss of more than CZK 400m in revenue. On the other hand, the Coating Division recorded high demand for inflatable boats and bed-mattress cores, etc. GUMOTEX has also presented its new logo. (Source: ČIA News www.cianews.cz/en)