Kolín-based carmaker TPCA sees revenue increase of more than 30 percent

The Kolín-based car builder TPCA (comprising Toyota, Peugeot, and Citroën) last year increased revenues year-on-year by more than 30 percent to 39.3 billion crowns. The company posted a gross profit of 366.5 million, according to news website iHned.

Photo: Miloš Turek

The year 2014 represents a watershed moment or turning point for carmaker TPCA, a consortium of Toyota, Peugeot, and Citroën, writes Czech financial news iHned. According to the carmaker’s spokesman Marek Hovorka, who spoke to the site, three second-generation vehicles - the Toyota Aygo, the Peugeot 108 and the Citroen C1 – played primary roles in the consortium’s increased success. TPCA head Kenta Koide confirmed that 2014 represented a milestone year; then, the carmaker produced more than 200,000 vehicles on European markets: namely, Great Britain, France, Germany, Italy, and the Netherlands. This year, TPCA expects to produce some 220,000 vehicles.

The consortium’s increased sales are all the more valued considering the cutthroat competition on the European small-car market; TPCA executive vice-president Javier Varela made clear that to maintain a strong footing steps needed to be taken increasing competitiveness, essentially to pave the way for a third-generation of cars that could fare just as well.

The figures for last year have also been released by Mladá Boleslav-based carmaker Škoda Auto: in 2014 Škoda increased its net profit by 46 percent to more than 18.4 billion crowns.