NEWS ALERT

Čedok’s revenues amount to 3.797 billion

Prague (June 19, 2009) – The General Meeting of shareholders of the Čedok a.s. agency approved the economic results of the company for 2008 at its session held on June 19, 2009.

The total sales and revenues in 2008 increased 16.4% and reached CZK 3.797 billion and the profits before tax equaled CZK 56.469 million. Compared to 2007, Čedok increased its sales and revenues by CZK 535 million. The company’s profits grew by more than CZK 21 million compared to 2007. The travel agency thus operated with a profit for the ninth year running.

In 2008, Čedok used its own resources to invest CZK 31 million in further development of the company. It expanded (two new branches were opened last year) and restructured its network of branches, which now consists of a total of 48 branches. A branch with Čedok’s 100% property interest was established in Turkey - Istanbul under the name of Ahoy Turizm during the second half of the last year. Investments in the development of the company’s information system continued, with emphasis on internet sales.

back to home