The annual report covers the accounting period from 1 July 2023 to 30 June 2024 and it shows that the share value during this period has increased by 27.13% over the previous year.
"The past year has been an extremely successful one for our fund as evidenced by an appreciation in excess of 27%. This result is a reflection of our investment strategy and the team's commitment to achieving long-term growth. Key events include the strategic acquisition of TOP Alulit, which not only opened up new market opportunities for us, but also strengthened our position in the industry. Another key area of activity was the expansion of our activities within Lokorent Services, where we plan to increase our purchases of new locomotives," says Filip Budník, Chief Investment Officer of Thein Industry.
The Group also continues to build a strong foundation for sustainable growth through its ESG strategy. This includes, among other things, the implementation of an intelligent system for monitoring the consumption management of production equipment and supporting technologies in production plants, continuous digitisation of operational processes and support for digital transformation, as well as corporate volunteering supporting non-profit organisations and community outreach, explains Tomáš Budník, founder of the investment group Thein:
"Our strategy of focusing on innovation and investing in technological solutions that reflect the future of transport and sustainable mobility is the basis for our further development. We remain committed to strengthening our position in rail transport and rolling stock manufacturing through modernisation, automation and the use of environmentally friendly technologies," he adds.
The Annual Report also highlights the key achievements of Thein Private Equity SICAV, the Industry Sub-Fund, during the financial year:
- Acquisition of 100% of the Czech company Top Alulit. This strategic transaction strengthened the Group's portfolio with a company with a turnover of more than CZK 400 million and approximately 180 employees.
- Competitive advantage in the form of the unique Squeeze Casting technology. The sophisticated metal casting process offers customers unsurpassed advantages such as higher mechanical properties and significantly higher internal part quality.
- Investment in technical development at Top Alulit. The Group has invested in central emulsion dosing for the machine tools in the machining shop and controlled heating of the intermediate pieces of the low-pressure casting machine.
- Investment in Ponec machinery. The Group is expanding and continuously upgrading its machinery fleet, currently investing in Mazak Variaxis i-700 neo and SIEMENS ONE BUB 50/2000 CNC grinding machine.
- Michal Vepřek has joined Ponec and Cotring as the new Plant Manager. He is in charge of the daily operations, operations and management of these two companies belonging to the Group's portfolio.
