Etnetera Group raises turnover, establishes new AI unit

Published: 27.04.2022 Related countries:  U.S.A. U.S.A.

Etnetera Group closes its 2021/2022 financial year with a preliminary turnover of CZK 426m. For the next 12 months, artificial intelligence will be a new addition to its portfolio.

Etnetera Group is a group of digital and technology companies who are working together under one roof in Prague, Czech Republic. Its focus is centered on helping clients transition their business online by revamping their philosophies, processes, and technological infrastructure. The above mentioned turnover represents a growth of 15% y/y. EBIT increased by 22% to CZK 54m. Etnetera Group CEO Martin Palička said the goal for next year is to increase turnover to more than CZK 500m. Strategically, the group will be focusing on developing new competencies in consulting, banking or ecommerce. At the end of 2021, it established a software joint venture with ŠKODA AUTO.

Source: CIA news

Prepared by the CzechTrade office in San Francisco.