Iveco Czech Republic - Indebtedness

Iveco Irisbus Czech Republic (formerly known as Karosa) is a bus manufacturer from Vysoké Mýto town of Czech Republic. In 1994 it became a part of Renault, which itself was later, in 1999 integrated into the Irisbus holding (since 2003 wholly owned by the Iveco Group).

In 2012, the Company produced 2,773 buses in the Czech Republic, nearly twice as many as a decade ago. About 95% of the production is exported mostly to France.

The Company doubled its sales in the last decade, to nearly CZK 9.5 bil in 2012. It operates with an impressive net margin of 10% and virtually without any debt