The TPV Group Doubled its Profit before Paying Taxes
By the end of this year, the Group is expected a 5 percent revenue growth and a simultaneous increase in profits.
Novo Mesto. The TPV Group, an automotive industry supplier, which employs more than 1,100 people, in the first half of this year showed 73 million euros of sales revenues, which is 3 million euros more than the last year’s figure. Its pre-tax profit was 2.6 million euros, while the last year’s figure was half-lower.
The TPV Novo Mesto parent company in their interview to STA assure that their markets will retain positive dynamics of growth, and that they will surpass the last year’s financial results at the end of the year. By the end of this year, the Group is expected a 5 percent revenue growth and a simultaneous increase in profits.
In the early summer, the TPV Novo Mesto parent company also changed its legal form from a joint-stock company to a limited liability company. The Company management was taken over by the Marco Goryup and Ivan Erenda.
Growth in Almost All Major Markets
The Group classifies Europe, North America, South Africa and Asia as its key markets. In addition to the markets in South America and the Russian Federation, a further growth is expected in all key world markets in the current year.
The Group indicated large system suppliers of chassis segments, car bodies and sets of seats as its major customers. Among them, there are BMW, Daimler, Renault-Nissan, Volkswagen motor vehicle manufacturers and leading system suppliers such as Brose, Faurecia, Johnson Controls and others.
TPV has been working in global markets for many years. In recent years, it has established itself as a leading provider of products for the automotive industry. The Group, in addition to the parent company in Novo Mesto, also includes such subsidiaries as TPV Avto, TPV Center, TPV Prikolice and TPV Šumadija.