PSJ produced turnover of CZK 6.56bn in 2011 with a gross profit before taxes of CZK 192m. The total revenue achieved was CZK 7.54bn. PSJ Group currently has 877 names on its payroll. The results support further growth of the company, even in the uncertain economic situation in Europe, says the PSJ CEO František Vaculík. But he warns that there are tough times ahead for the construction sector, given the cuts in transport infrastructure spending. “Large projects will be scarce,” he says. He sees potential in residential, particularly in rental flats, and in the regional office markets. PSJ’s strategy is based on a focus on international markets in the long-term, with M5 Mall in Ryazan, Russia and the Kalevala factory in Petrozavodsk the company’s most important projects, followed by Main Point Karlin office building in Prague 8, AZ Tower high-rise in Brno and CPI City Center Ústí nad Labem being its flagships for 2011 in its home market.
