ERA Company, the Czech developer of passive surveillance sensors and ATM systems, had a profit of 332,5 million Czech crowns (€ 8.9 million) last year with total revenues exceeding one billion. The economic results were approved by the auditing process.
The company reported revenues to a total amount of CZK 1,064,000 thousand (approx. € 40,000 thous.) and an accounting profit to an amount of CZK 332,500 thousand before taxes (€ 12,500 thous. ca) for the financial year 2019. The result is another remarkable achievement in the row of the similarly successful years 2016, 2017 and 2018.
“Thanks to our substantially growing amount of contracts in the military and civil sector we have sold our systems to 66 countries in all,” stated ERA Managing Director Viktor Sotona.
The company now has five branch offices in the Czech Republic and some in Slovakia; and 450 employees, one third of them focused on research and development activities.
ERAhas also continued the process of strengthening its market offerings with more complex ATM solutions than sensors. Apart from its traditional surveillance and reconnaissance technologies, ERA now provides ATM and ATC systems for medium-size airports, Command and Control systems for air defence, flight incident investigation tools for air traffic control authorities and drone zone planning applications for other air space users.
Modern facilities such as the newly opened R&D centre with a special anechoic chamber and new systems, for instance training simulator for PET, have substantially improved the efficiency of the delivering process and the sophisticated schooling of the end users.