Press release

The extraordinary trip included an additional good deed thanks to operative negotiations with authorities. Metrostav offered vacant seats on the plane to the Czech Embassy in Norway and the Norwegian Embassy in the Czech Republic. The Metrostav team was thus joined by Czech Ambassador Jaroslav Knot and four repatriated Norwegian students on the flight. All of them would have found it very difficult to get to Norway in the current situation. 
“I’m very grateful for Metrostav's helping hand in these difficult times. Metrostav's kind gesture reflects the relationship between Norway and the Czech Republic – we’re partners and allies who can rely on each other whenever necessary,” Norwegian Ambassador to the Czech Republic, Robert Kvile commented Metrostav's action.
 
“I greatly appreciate not only Metrostav’s professionalism, which despite the dire current global situation, is determined to meet its obligations to its Norwegian client, but also its social responsibility. Metrostav unselfishly offered vacant seats on the charter flight transporting its team to work in Trondheim in order to repatriate several Norwegian students from the Czech Republic back to their homeland,” said Jaroslav Knot, Czech Ambassador to Norway
 
“Due to the coronavirus pandemic, the Norwegian investor implemented a special regime on all construction sites, which allows construction to continue under strict rules and measures. We only need to complete work on the bridge in Norway, and so, we decided to return. The team consists of twenty volunteers, for whom Nordic construction projects are a matter of the heart and whose family circumstances make it possible to travel on a three-month trip abroad. Most of them have already worked on several projects in Scandinavia,” said Aleš Gothard, Metrostav's Regional Director for Scandinavia and Iceland.
 
On arrival in Trondheim, the team will first have to be quarantined, the duration of which will be the subject of discussion with Norwegian authorities. They will then move onto a separate construction site so that they don’t come into contact with other workers. This should be easy because, while Metrostav is only completing the bridge, its partner in the Bertelsen & Garpestad consortium will be mainly working in the tunnels.
 
&nbsp;“Unlike a normal situation, there will be less of us onsite, but we should still be able to complete construction according to the original schedule. Just before leaving the construction site, we managed to pour the concrete for the bridge deck and we were thus ahead of schedule. Concreting the cornice and other finishing work will take us about three months. The new section of road should be open this autumn,” said Metrostav Project Manager Robert Broz and added: “Given the technical complexity of the project, we knew we were facing something we hadn’t experienced before. But none of us could have imagined it was going to be this adventurous.”
 
The Fv. 714 is an important transport link between Trondheim and the island of Hitra, from which more than one third of all Norwegian salmon is exported. That’s why it’s called the Salmon Road. Trucks transporting fish have hitherto travelled along the winding road around the fjords. Thanks to the new, almost six-kilometre section, transport will be significantly more comfortable, safer and faster. As part of the project, Metrostav also built the Slørdal (2650 m) and Mjønes (770 m) tunnels. However, the most ambitious part of the project was the 735 m long bridge over the Åstfjord, which included a unique foundation using reinforced concrete piles with a diameter of 18.4 m, and weight of 2200 t directly on the seabed.
 
Metrostav has been at home in Scandinavia for over 10 years. Czech and Slovak construction workers have built dozens of kilometres of road, rail and technological tunnels in Finland, Norway, Sweden and Iceland. Contracts in the north of Europe are currently even more important for Metrostav as they account for about one third of total annual revenues in excess of CZK 20 billion.
 
<h1>Contact</h1>
Vojtěch Kostiha Spokesperson of the Metrostav Group Metrostav a.s. Koželužská 2450/4 180 00 Praha 8 T 266 019&nbsp;715, M 606 629 225 <a href="mailto:vojtech.kostiha@metrostav.cz">vojtech.kostiha@metrostav.cz</a>, <a href="http://www.metrostav.cz">www.metrostav.cz</a>

Metrostav sends team back to Norway to complete a bridge on the Salmon Road

On 31st of January, 2020 a non-final judgement was passed by the Regional Court sentencing the joint stock company Metrostav to a financial penalty of CZK 10 million and three-year ban on participating in public tenders.
We do not agree with the judgment and our lawyers appealed against it. We believe that the appeal will void the judgement and the charges against our company will be dismissed. 
 
Due to the fact that the judgment is not final and not enforceable, it has no real influence on our company or our business relations. Our company continues to meet all legal requirements for tendering for public and private projects as well as their realization. Metrostav a.s. and its subsidiaries will continue to fulfil their obligations in an orderly manner as usual.
 
There is no change in our day to day operations.

 For more information, please contact:
 
Ing. Vojtěch Kostiha, MBA Spokesperson of Metrostav a.s. phone: +420 266 019&nbsp;715 e-mail: <a href="mailto:vojtech.kostiha@metrostav.cz">vojtech.kostiha@metrostav.cz</a>

Statement on the non-final judgement from January 31st, 2020

Prague, May 16th, 2019 - Metrostav Group remained a leader of the Czech construction market for the ninth year in a row. The total operating income reached 1,368.5 mil. EUR which represents a 12.5 % year-over-year growth. Almost three fifths of the revenue created by the Metrostav Group companies led by Metrostav a.s., the parent company, was created on foreign markets, mainly in Slovakia, Germany, Poland and Scandinavia but also, for example, in UK, USA or Canada. Consolidated profit before tax 35.6 mil. EUR, a 172 % year-over-year increase.&nbsp;&nbsp;
The total value of the assets of Metrostav Group was 1,224.4 mil. EUR by the end of the year 2018, which is 14 % higher than the year before. In current assets there was an increase in receivables and other current assets, the non-current assets saw an increase in investment property. The total equity grew by 5.5 %.
 
The General meeting approved to pay its shareholders 6.6 mil. EUR. This represents a dividend of 0.84 EUR per share, the same as in 2017.&nbsp; &nbsp;
The shareholders elected Ing. Radim Čáp, Ph.D. and Ing. Daniel Knotek as members of the Board for the next four-year period and Ing. Jindřich Hess, Ph.D. and Ing. František Potisk as members of the Supervisory Board for the next four-year period. 
 For more information please contact Ing. Vojtěch Kostiha, MBA Spokesperson of Metrostav a.s. Phone: 266 019 715 E-mail:&nbsp;<a href="mailto:vojtech.kostiha@metrostav.cz" style="background-color: rgb(255, 255, 255);">vojtech.kostiha@metrostav.cz</a>

Metrostav increased its pre-tax profit 172%, keeping a leader position on the Czech construction market for the ninth year in a row

The total assets of Metrostav amounted to 17&nbsp;377 million CZK as of December 31st 2017 and remained mostly unchanged compared to the previous accounting period. The asset structure changed a little bit in favour of non-current assets, the proportion of current assets decreased slightly. Also equity increased and liabilities decreased.&nbsp; &nbsp;&nbsp;
The net profit of the Company amounted to 392,9 million CZK. The General Meeting voted in favour of paying out a dividend in total amount of 170 million CZK, which means earnings per share of 21,5 CZK. The rest 222,9 million CZK will be retained. 
 
The shareholders approved Mr. Viliam Turanský and Mr. František Kočí as Board Members and Mr. František Klepetko as a Supervisory Board Member for the next five years. The General Meeting of Metrostav a.s that approved the accounting closure for 2017 was held on May 17th 2018 in the Company’s Headquarters in Prague.&nbsp;

Metrostav a.s. is No. 1. For the Eighth Time in a Row

Krokstadøra, October 11, 2017 
Worth over CZK 2.2 billion, the project will be executed by a consortium consisting of Metrostav and the local company Bertelsen & Garpestad. The two partners are currently building a bypass around the Norwegian city of Kongsberg. "Even though we have been working in Scandinavia since as early as 2006, a contract abroad always carries higher risks. Because of that, all of our foreign ventures are executed with local partners," explained the Metrostav Group's Head of Foreign Operations Václav Soukup. Metrostav's share in the project amounts to approximately 60%.&nbsp; 
Without contracts abroad, Metrostav would face difficulties in finding work for its specialized workforce and machinery. In the Czech Republic, the only large underground project currently under way is the Ejpovice Rail Tunnel.&nbsp;In view of the situation and despite the risks involved, Metrostav has decided to expand to other countries, where the availability of construction projects is greater. At the same time, however, Metrostav faces tough competition from local companies and multinational construction groups. Nonetheless, the current contract shows that the Czech company is able to prevail. Apart from Norway, Metrostav is working on projects in Belarus, Finland, Germany, Iceland and Poland.&nbsp;
 

 
 
Additional Information:&nbsp;
 
Vojtěch Kostiha
 Spokesperson, Metrostav a.s.&nbsp;
 Telephone: 266 019 715
 E-mail:&nbsp;vojtech.kostiha@metrostav.cz&nbsp;

Metrostav to Build Bridge over Åstfjorden Fjord in Norway

Pilsen-Doubravka, October 7, 2017 – The boring of the 4,150-meter long northern half of the Ejpovice Tunnel has been completed, as the Viktoria tunnel boring machine re-emerged near Pilsen's borough of Doubravka earlier today. Amid much public interest, Viktoria's cutter head made its way through the exit portal during a bore-through ceremony organized on this occasion. The event was attended by Minister of Transport Dan Ťok, officials from the Railway Infrastructure Administration, the State Fund for Transport Infrastructure, the contractors – Metrostav and Subterra, other partners and guests. 
Apart from improving passenger safety and comfort, one of the objectives of modernizing the rail line that connects the Czech capital and Pilsen, where the section between the latter and Rokycany is an important part, is reducing the travel time to less than one hour. Currently, a train trip between the two cities takes one hour and 35 minutes.
 
"The completion of the Ejpovice Tunnel will shorten the distance that trains have to travel between Prague and Pilsen. Today's bore-through ceremony, which marks the completion of the second half of the tunnel, brings us closer to the day when the travel time between these two important Czech cities will be reduced by more than 30 minutes. Traveling by train is very attractive in today's hectic society, because it allows people to rest or, conversely, catch up on their work," said the Railway Infrastructure Administration's CEO Pavel Surý.&nbsp; 
 
Manufactured by the Herrenknecht Company in Schwanau, Germany, Viktoria weighs approximately 1,800 tons, is 115 meters long, and features a cutter head with a diameter of almost 10 meters. To protect the environment, the heaviest parts of the machine were transported to the Czech Republic by ship. Tunnel-boring machines (TBM) are currently one of the most widely used tunnel construction technologies. Their main advantages include speed and safety. 
 
Previously, boring the southern half of the tunnel took four months longer. The second time around, Metrostav's engineers were familiar with the local conditions and were able to make appropriate preparations. Despite that, the geological makeup in some areas was significantly different from what the workers encountered during the first project stage. 
 
"Boring through the northern tunnel is a historical event for several reasons. It marks the completion of drilling work on the longest rail tunnel in the Czech Republic. The project has been executed using a tunnel boring machine with a cutter head featuring the largest diameter ever used in this country. In addition, we achieved the longest daily advance of 38 meters. Conversely, the other reasons why this project is exceptional are not as optimistic. It is because the end of this project marks the beginning of a period in which no large-profile tunnels will be bored in the Czech Republic, which is a situation unheard of during the last 50 years. A glance into both the distant and recent past shows that as many as 22 projects have been executed in the Czech Republic since the year 2000. They included tunnels for roads, highways, railways and subways. In 2005, for instance, Czech construction workers were working simultaneously on eight underground ventures of this kind. However, we are now entering a period during which neither Metrostav nor any other domestic company will have work for its boring specialists, and we must seek ways of putting to use the highly qualified teams that have undergone costly training. Although we do our best to find contracts abroad, they will not provide enough opportunities for using all the capacity that we have at our disposal. Considering the progress of preparations, other tunnel boring projects will be executed no sooner than many months or, more likely, several years from now. All Czech construction companies would appreciate it if transport infrastructure projects were planned faster," explained Metrostav's CEO Pavel Pilát.
 
Viktoria is a convertible machine, which means that it can function in several modes that allow it to bore through both soft soil and solid rock. The machine creates a completely finished tunnel with walls built from concrete rings composed of seven plus one segments. The rings are reinforced with steel and polypropylene fibers. Each ring is two meters wide and 40 centimeters thick. The rings were made in Dýšina, approximately two kilometers from the construction site. More than two thousand rings were necessary for each of the tunnels.
 
At present, eight safety passageways are being bored between the southern and northern tunnels. Those located in hard spilite rock are drilled using the New Austrian Tunneling Method (NRTM), which employs explosives. As a result, Pilsen's inhabitants can appreciate the fact that the two tunnels have been bored using the TBM technology, because relying on the originally considered NRTM method would have caused high noise levels. 
 
<table> <tbody><tr> <td> Project Title
 </td><td> Rokycany-Pilsen Railway Line Modernization
 </td></tr> <tr> <td> Rails
 </td><td> &nbsp;
 </td></tr> <tr> <td> Removal
 </td><td> 35,143 m
 </td></tr> <tr> <td> Installation of UIC 60 Rails
 </td><td> 28,132 m
 </td></tr> <tr> <td> Installation of S 49 Rails
 </td><td> 1,338 m
 </td></tr> <tr> <td> Installation of Switches
 </td><td> 8
 </td></tr> <tr> <td> Tunnels
 </td><td> &nbsp;
 </td></tr> <tr> <td> Tunnel Length
 </td><td> Two 4,150-meter tunnels
 </td></tr> <tr> <td> Additional Technical Parameters
 </td><td> &nbsp;
 </td></tr> <tr> <td> New and Modified Railway Bridges
 </td><td> 16
 </td></tr> <tr> <td> Overall Bridge Length
 </td><td> 199 m 
 </td></tr> <tr> <td> Retaining and Lining Walls
 </td><td> 731 m
 </td></tr> <tr> <td> Noise Barriers
 </td><td> 7,120 m
 </td></tr> <tr> <td> Platform Edge Length
 </td><td> 850 m
 </td></tr> <tr> <td> New Overhead Power Lines
 </td><td> 32,100 m
 </td></tr> <tr> <td> New Switch Safety Units
 </td><td> 10
 </td></tr> <tr> <td> New Double-track Automatic Block System
 </td><td> 16,794 m
 </td></tr> </tbody></table>
&nbsp;
 
Additional Information: <a href="http://www.metrostav.cz/">www.metrostav.cz</a> and <a href="https://www.facebook.com/Metrostav">https://www.facebook.com/Metrostav</a>

Average Speed: Four Kilometers Per Year

The Czech construction company Metrostav has scored another victory in Iceland. Following the Héðinsfjarðargöng and Norðfjarðargöng projects in the northern and eastern parts of the island, respectively, Metrostav will soon start building a 5.6 km long tunnel and a 7.8 km section of road connecting the Dýrafjörður and Arnarfjörður fjords on the sparsely inhabited coast in Iceland's northwest. Metrostav will execute the project in cooperation with a local partner, the company Suðurverk. 
 
&nbsp;
 
Both tunnel portals will be built in the typical windswept Nordic landscape. The roads to&nbsp;Arnarfjörður are closed for most of the winter, during which they are opened only once a month. The local people need tunnels, as they are able to provide a fast and safe link between their municipalities throughout all the seasons. "We trust that the geological conditions will be more favorable for boring than was the case with the previous tunnel projects. According to the plan, construction will begin in May of this year and will be completed in September 2020," said Aleš Gothard, who prepared Metrostav's bid for the project. 
 
&nbsp;
 
The Dýrafjörður tunnel is one of numerous ventures undertaken by Metrostav in Nordic countries. Workers of the largest Czech construction company have completed not only two underground projects in Iceland, but also a number of ventures in Finland, Norway, and Sweden. Metrostav has performed well in Scandinavia despite tough competition and difficult geological conditions. While working in Nordic countries in the past, the Czech tunnel builders have encountered extreme climatic conditions, logistics complications in distant areas, and influxes of massive amounts of icy water during the boring of tunnels. 
 
&nbsp;
 
&nbsp;
 
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Additional Information:
 Vojtěch Kostiha
 Spokesperson, Metrostav a.s.
 Telephone: 266 019 715
 E-mail:&nbsp;<a href="mailto:vojtech.kostiha@metrostav.cz">vojtech.kostiha@metrostav.cz</a>

Metrostav to Build Third Tunnel in Iceland

From March 14 to 17, 2017, the French city of Cannes will host the MIPIM international real estate trade show, which will be attended by over 23,000 guests from more than 90 countries worldwide. The event will include the announcement of the best development projects entered in the prestigious international real estate competition MIPIM Awards 2017. Entries that have advanced to the finals include a project completed by Metrostav a.s. – Residence Sacré Coeur II. This residential development is one of four projects nominated to the final round of the competition in the Best Residential Development category. 
 
&nbsp;
 
This year, a total of 214 development projects from 46 countries worldwide were entered in the MIPIM contest. An 11-member jury, headed by Chairman John Forrester, Chief Executive, EMEA, Cushman & Wakefield, met in Paris at the end of January 2017 to shortlist the four best projects in each of the 11 competition categories. Because of the global renown of the MIPIM Awards, entries in the contest included development projects from Asia, the Pacific Region, North and South America, Africa and Europe.
 

 "The fact that such a technically demanding project as Residence Sacré Coeur II, built by Metrostav, advanced to the finals of a prestigious international competition serves as testimony to the fact that the quality of our work is highly valued by specialists not only in the Czech Republic, but in other countries as well," said Metrostav's CSO Milan Veselský. In its category, Residence Sacré Coeur II will compete against development projects from Brazil, France and Germany. The results will be announced at a gala to be held in the Palais de Festival in downtown Cannes on Thursday, March 17, 2017.
 
&nbsp;
 
For additional information on Residence Sacré Coeur II, click <a href="http://www.satpo.cz/development/projekt/sacre-coeur-2-1">HERE</a>. For information on the MIPIM 2017 international competition, click <a href="http://www.mipimawards.com/mipimawards2017/en/page/shortlist">HERE</a>. The project developer is the SATPO Company – <a href="http://www.satpo.cz/">www.satpo.cz</a>.
 
&nbsp;
 
Additional Information:
 Vojtěch Kostiha
 Spokesperson, Metrostav a.s.
 Telephone: 266 019 715
 E-mail:&nbsp;<a href="mailto:vojtech.kostiha@metrostav.cz">vojtech.kostiha@metrostav.cz</a>

Unique Czech Project in Final Round of MIPIM Awards 2017 International Real Estate Competition

The Czech construction company Metrostav has won its first major contract in Turkey. Its subsidiary <a href="http://www.skupinametrostav.cz/cz/clenove">Metrostav Ankara İnşaat Taahhüt Sanayi Ve Ticaret A.Ş. and the Railway Transport Department of the European Section of the City of </a>Istanbul signed an agreement on January 18, 2017 to build a depot on the Kabataş-Mahmutbey subway line in the Turkish metropolis.
 
&nbsp;
 
Metrostav's Turkey-based subsidiary secured the contract in a demanding two-round selection procedure. The pre-qualification stage included 41 bidders from the ranks of Turkish corporations and consortiums. In the second round, which included the submission of price bids, Metrostav competed with&nbsp;16 other bidders. Following the expulsion of the bidder who offered the lowest price in the procedure, Metrostav's Turkish subsidiary won, thanks to a bid of TL 88,045,806 (approximately CZK 632 million). The project has been commissioned on the 'design and build' basis. &nbsp;&nbsp;
 
&nbsp;
 
"The road to winning the contract was in no way easy," said Václav Soukup, Metrostav Group's Head of Foreign Business Operations. "The Czech-based Metrostav has been active in Turkey since 2015, when we founded a joint venture with the company Ankara Inşaat. However, the local regulations only allowed us to bid for the first public contract one year after the subsidiary was established, which means that we could only submit our first proposal in August 2016. I am confident that we will be successful on the Turkish market and that we will record favorable results," added Soukup.
 
&nbsp;
 
The contract marks another stage in Metrostav's successful expansion to foreign markets. This way, Metrostav takes advantage of its surplus capacity made available as a result of a significant decrease in the number of construction projects being undertaken in the Czech Republic, infrastructure projects in particular. Contracts abroad currently account for one-third or Metrostav's production.
 
&nbsp;
 
&nbsp;
 
Additional Information:
 Vojtěch Kostiha
 Spokesperson, Metrostav a.s.
 Telephone: 266 019 715
 E-mail:&nbsp;<a href="mailto:vojtech.kostiha@metrostav.cz">vojtech.kostiha@metrostav.cz</a>

Metrostav Ankara to Build Subway Depot in Istanbul, Turkey

Metrostav to Support Handy Cyklo Maraton as General Partner 
This year, the Handy Cyklo Maraton, a unique project involving the longest cycling marathon in Central Europe, will bear Metrostav's name. A general partnership agreement for the year 2016 was signed in recent days by President of the Metrostav Group Jiří Bělohlav and Heřman Volf, Chairman of the nonprofit organization Journey to the Dream (Cesta za snem). The main purpose of the agreement is to provide support for the cycling event, which will begin at the Prague Castle on 2 August 2016 and will subsequently pass through all 14 of the Czech Republic's regions. The race will take athletes as far as the Bratislava Castle in Slovakia, where they will turn around and head back to Prague. 
"At the Metrostav Group, we subscribe to the concept of equal opportunity for everyone. We regard every person as having an equal value," says Metrostav Group President Jiří Bělohlav. "Metrostav Handy Cyklo Maraton is another proof testifying to that. I wish all participants good luck in their endeavors, and I look forward to the excitement of watching the whereabouts and standing of the Metrostav Team."
Conceived by the handicapped athlete Heřman Volf, the first season of the Handy Cyklo Maraton was held in 2013. It is a fundraising cycling event for mixed teams composed of healthy and handicapped cyclists. Teams must complete the 2,222 km long journey on a relay basis within the time limit of 111 hours. The race goes on nonstop, day and night, and lasts four to five days. In 2015, the event was attended by more than 30 teams with nearly 250 cyclists.
Team members are both healthy and handicapped cyclists. "Participants include wheelchair-bound persons, amputees, visually impaired individuals on tandem bicycles, cyclists with hearing disability, and people suffering from cerebral palsy. We want to show that healthy and handicapped individuals can work together within a team and that their cooperation is, in fact, nothing complicated. All one needs is wanting to do it, putting a team together, and setting out. The race provides a great opportunity for integrating people into society through doing sports, having fun, and enjoying new experiences together. Winning is not the point, even though the participants do compete. Much more important is spreading the idea that we're in it all together," says Heřman Volf, the director of the event who takes part in the race with a team of friends every year. 
The Metrostav Group, led by Metrostav, a.s., is currently the largest construction enterprise in the Czech Republic. Metrostav employees raced in the Handy Cyklo Maraton already in 2015. Long-term emphasis on corporate social responsibility has prompted Metrostav to become the general partner to this year's edition of the event. A founding member of the platform Business for Society, Metrostav has received numerous awards for helping the needy.
Volf and his associates are happy about the partnership with Metrostav. "It is an honor for us to have the support of such a strong partner. We're also very happy that it is a Czech company with a long history and tradition. We were very pleasantly surprised by the attitude of Metrostav's President Bělohlav and the entire top management. Since the first meeting, we have sensed a resolve to get involved in the marathon project and to seek new ways of advancing the race to a higher level. We also feel that Metrostav regards us with respect as an equal partner, which gives us strength and motivates us to perform at our very best," concludes Volf. 

Metrostav to Support Handy Cyklo Maraton as General Partner 

An agreement for the construction of a 20-kilometer section of the S7 Expressway near Gdansk, Poland worth CZK 9 billion has been signed by Metrostav and GDDKiA, the Polish authority responsible for managing roads and motorways. The largest Czech construction company has been awarded the contract thanks to offering the best terms in a call for bids that included nine other bidders. Metrostav's bid was the best as regards price, warranty terms and completion date – with expected completion of the work by October 2018.
Another factor in securing the deal was the good reputation that Metrostav has earned in the course of executing other projects in Poland, such as the construction of flood-protection installations on the Eastern Neisse, a bridge in Chelmek, and most importantly, the reconstruction of a five-kilometer section of the S8 thoroughfare in Warsaw, including the General Stefan Grot-Rowecki Bridge. The last-mentioned project was completed by a joint Czech-Polish team managed by Radim Čáp, who will oversee the upcoming project in the Pomerania region. "Since Metrostav possesses extensive experience with the construction of road infrastructure, I am convinced that we will complete this project fully in accordance with the plan. The main objective of this undertaking is to build a four-lane expressway, which will improve driving comfort and traffic safety. The new section will be 20.5 kilometers long and will mostly span an area with a low bearing value in the Visla River delta. The project will include a one-kilometer bridge over the Visla worth approximately CZK 1.1 billion, and the application of 11 different technologies that will improve the quality of the subsoil worth roughly CZK 4 billion," explained Čáp.
To facilitate winning additional contracts in Poland, Metrostav has established a local subsidiary, Metrostav Polska Spolka Akcyjna, the managing director of which is Radim Čáp. The firm's first project will be the reconstruction of the Marsa-Žolnierska road in Warsaw worth one billion crowns, for which Metrostav has offered the best conditions.
Metrostav's CEO Pavel Pilát explains, "The situation on the Czech market has been difficult during the past six years. In order to keep together specialized teams that have been built over many years, we are forced to seek opportunities abroad. Although construction work is difficult to export, our current revenues from contracts abroad, excluding subsidiaries, account for more than 20% of all revenues. We are working or have recently worked in such countries as Iceland, Norway, Finland, Belarus, Slovakia, and others." 
The latest result of Metrostav's expansion abroad is the establishment of METROSTAV ANKARA İNŞAAT TAAHHÜT SANAYİ VE TİCARET ANONİM ŞİRKETİ, a joint venture set up by Metrostav in Turkey with the local company Ankara Insaat.
Prague/Gdansk, October 9, 2015

Metrostav Signs Contract to Build S7 Expressway in Poland

By delivering a modernized section of the S8 thoroughfare and the General Stefan Grot-Rowecki Bridge over the Visla River in Warsaw to the project investor, Czech construction workers have completed a challenging project worth approximately five billion crowns that has lasted 26 months. The opening of the facilities for full operation, which took place yesterday at 8:00 p.m., has been welcomed by both drivers and inhabitants of the central area of the Polish capital city. 
Because the project was one of several ventures Metrostav has carried out in Poland, including the construction of a bridge in Chelmek and flood-protection installations on the Eastern Neisse River, a decision has been made to establish a local subsidiary. The recently founded Metrostav Polska Spolka Akcyjna is now busy looking for business opportunities and has, for instance, made a bid for a contract to build a new section of the Warsaw subway. Metrostav has also offered the best price for the modernization of a the S7 Highway between Gdansk and Elblag, which is currently the largest infrastructure project in Poland worth 1.65 billion Polish zloty (approximately 10 billion Czech crowns); the contract is scheduled to be signed in the upcoming weeks. Another promising effort is a bid submitted under a tender for a transport infrastructure construction project worth approximately one billion crowns in the Polish capital. 
The increase in Metrostav's focus on business opportunities abroad comes in the wake of a continuing lack of activity on the Czech construction market. Apart from trade agencies, Metrostav uses subsidiaries established in a number of countries, such as Metrostav Slovakia a.s., Metrostav Deutschland GmbH, and the Austria-based BeMo Tunneling GmbH, which has been a member of the Metrostav Group since 2013. The latest addition to the family of companies of the largest construction company in the Czech Republic is a joint venture in Turkey.
The full name of this joint venture is METROSTAV ANKARA İNŞAAT TAAHHÜT SANAYİ VE TİCARET ANONİM ŞİRKETİ. The other partner is Ankara Insaat, a Turkish firm that has been conducting business for about 30 years, mainly in the road and highway construction segment. Ankara Insaat has teamed up with Metrostav to seek contracts with private investors allowing it to put into use quarries, asphalt plants, finishers, rollers, and other transport infrastructure construction equipment. One year after its establishment, the firm will become eligible to take part in public tenders in Turkey.
The Metrostav Group currently operates in Austria, Belarus, Finland, Germany, Hungary, Iceland, Norway, Poland, Turkey, Slovakia, and Sweden. Contracts abroad accounted for 30% of the Metrostav Group's total revenues in 2014.



Media

Ing. Kateřina Hainzová, MBA

Mgr. Radim Mana

Metrostav sends team back to Norway to complete a bridge on the Salmon Road

Statement on the non-final judgement from January 31st, 2020

Metrostav increased its pre-tax profit 172%, keeping a leader position on the Czech construction market for the ninth year in a row

Metrostav a.s. is No. 1. For the Eighth Time in a Row

Metrostav to Build Bridge over Åstfjorden Fjord in Norway

Average Speed: Four Kilometers Per Year

Metrostav to Build Third Tunnel in Iceland

Unique Czech Project in Final Round of MIPIM Awards 2017 International Real Estate Competition

Metrostav Ankara to Build Subway Depot in Istanbul, Turkey

Metrostav to Support Handy Cyklo Maraton as General Partner

Metrostav Signs Contract to Build S7 Expressway in Poland

Warsaw Praises Metrostav Construction Workers

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