TPCA with Good Results Despite Production Decrease

KOLIN, Czech Republic - The Toyota Peugeot Citroën Automobile Czech company announced its non-audited economic results for the year 2010. The revenues from sale amounted to CZK44 billion and the profit before taxes came to just under CZK1,4 billion. The fall in production compared to 2009 caused lower revenue and sales.

“We managed to maintain good financial results even though the number of produced vehicles fell by 11%. The fall in production was caused because of the end of scrapping incentives,“ said Satoshi Tachihara, the president of the company. “Market analyses suggest that a growth can return as soon as the following year.”

Last year, TPCA produced 295 712 Toyota Aygo, Peugeot 107 and Citroën C1 vehicles. Small city vehicles from Kolín are best sold in France (25 %), Italy (16 %), United Kingdom (15 %), Holland (15 %) and Germany (10 %). As part of the A segment (small vehicles) the models from TPCA managed to increase the percent on the European market to 21 %. Success continued in Western Europe being key for the automobile company. Registration of new vehicles in the small vehicle segment has fallen in Europe by 22 % in 2010.