TTC Group Turnover increased to 1.6 Billion Crowns Last Year

Despite complications caused by the geopolitical situation, the rapid growth of energy prices as well as the breakdown of international supply chains, the year 2022 was successful from the business point of view and the developmental growth of the TTC group. The total consolidated turnover of TTC HOLDING increased by almost CZK 400 million to CZK 1.6 billion, which is a year-to-year increase of more than 30 %. Consolidated EBITDA reached the value of CZK 270 million.

„Last year, the situation in Ukraine led us to make a strategic decision to leave the Russian market. Until now, this was one of our biggest export areas. We therefore focused our attention on new markets, especially Asia and Eastern Europe. TTC CONTROLS, for example, established a strong business partnership in India and Turkey and TTC MARCONI gained new orders in Romania, Turkmenistan or Uganda in Africa last year,” says Josef Šelepa, Chairman of the Board of Directors of TTC HOLDING.

In the field of modern technologies, the group continued to focus on the supply of communication solutions for industry, healthcare, rail transport and energy. The consortium of companies led by TTC MARCONI continued to implement one of the largest modernization projects in the Czech energy sector, the modernization of twenty thousand transformation stations of the ČEZ Distribuce company. At the beginning of 2022, we also established the subsidiary TTC NOVIQ, which specializes in the development of products and complex solutions in the environment of decentralized energy. The acquisition of Mycroft Mind, one of the leading European companies in the field of the so-called “big data processing and analysis”, was successfully completed in January 2023. As a follow-up to these activities, a competency centre for predictive diagnostics and maintenance in rail transport was also established within the TTC group.

Last year was a challenging year for TTC TELEPORT. The lingering effects of the COVID-19 pandemic and the exponential growth and volatility in energy prices have significantly impacted business across the data centre sector. Despite this unfavourable development, the overall occupancy of TTC TELEPORT data centres continued to grow. By switching to spot prices, it was possible to minimize the impact of the customers´ rising energy costs and acquire savings in the purchase of electricity.

The results of the manufacturing companies reflected the correct decision of the TTC group to strengthen its own capacities for the production of electronic devices. “We are convinced that the trend of increasing safety by moving production back to Europe will continue and we want to be ready for it,” adds Josef Šelepa. This is also why AWOS from Pardubice has started a new production line this year and has thus expanded its production capacity by another 30 percent.

The field of real estate business remains a stable part of TTC group’s business. The total occupancy of all leased areas is more than 95 percent. TTC REAL ESTATE is currently focusing on its largest real estate project, the construction of the Oxyma technology centre in Prague’s Malešice. It is planned to be completed at the turn of 2025 and 2026.