ERA Company, the Czech supplier of passive surveillance systems, had a profit of 366 million Czech crowns (€ 14.1 million) last year with total revenues exceeding one billion. The impressive economic results have been approved by the auditing process.
The company reported revenues to a total amount of CZK 1,243,000 thousand (€ 46,000 thous.) and an accounting profit to an amount of CZK 366,000 thousand before taxes (€ 14,100 thous.) for the financial year 2016. This consists of a new record for the 20 years of existence of the company, the fourth in a row after the successful years 2012 and 2014 and 2015.
“This is due to the remarkable increase in new contracts in both the civil and military parts of our production portfolio. We currently run 50 projects and have sold our systems to 61 countries in all,” stated ERA Managing Director Viktor Sotona.
The company increased the volume of job orders in the civil area and managed to complete the contract process with several military customers who have purchased VERA-NG DPET systems. This has brought another increase in revenues compared with the previous financial year 2015.
Research and development activities were emphasized and there has therefore been a need to continuously strengthen and stabilize human resources. The company now has four branch offices in the Czech Republic and five in Slovakia. The number of ERA employees increased by 30 percent to its current 400.
At the beginning of the year ERA employees moved to a brand new headquarters building, i.e. ERA finished the construction of its R&D centre on its factory premises in Pardubice, Czech Republic. This new building substantially improves the ability to test and deliver enhanced products with better quality over shorter time frames.