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Comparison of the Performance Development of Construction Companies in the South Moravian Region of the Czech Republic: A Case Study

Abstract

Historically, construction has always been one of the key sectors for state economic production. It has undergone developments over the years closely related to the world economic situation. The Czech Statistical Office, which processes annual analyses of construction production and describes market development resulting from the analysis of the construction industry deals with the development of economic sectors in the Czech Republic. A set of financial indicators which provide information on the overall market situation is annually published as a part of the research of the Ministry of Industry and Trade of the Czech Republic in the form of a corporate sector financial analysis. The performance of construction companies can be measured by various indicators. The most important performance indicator is the return on sales. This financial analysis ratio is quarterly published as a statistic within the construction sector in the national statistics published by the Ministry of Industry and Trade. The aim of the research described in the article is to compare the performance development of construction companies operating in the South Moravian Region of the Czech Republic. 12 samples of construction companies (4 samples representing the category of small, medium-sized, and large companies) were chosen for comparison. Their return on sales was calculated on the basis of financial statements in the 2013 – 2019 period. This value was plotted in the development trend, which was subsequently compared with the national statistics. The overall comparison of the performance development of construction companies, which was quantified using macroeconomic indicators, was carried out in the South Moravian Region. The macroeconomic indicators of the South Moravian Region were also compared with the national indicators provided by the Czech Statistical Office.

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Comparison of the Performance Development of Construction Companies in the South Moravian Region of the Czech Republic: A Case Study

Author: Vítková, Eva; Kocourková, Gabriela; Vaňková, Lucie; Slováček, Štěpán
Publisher: IOP Publishing
Year: 2021
DOI: 10.1088/1757-899X/1203/2/022029
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1
Compa ison o he Pe o mance De elopmen o Cons uc ion
Companies in he Sou h Mo a ian Region o he Czech
Republic: A Case S udy
E a Ví ko á1, Gab iela Kocou ko á1, Lucie Vaňko á1, Š ěpán Slo áček1
1B no Uni e si y o Technology, Facul y o Ci il Enginee ing, Ve eří 331/95, B no
[email p o ec ed]
Abs ac . His o ically, cons uc ion has always been one o he key sec o s o s a e economic
p oduc ion. I has unde gone de elopmen s o e he yea s closely ela ed o he wo ld economic
si ua ion. The Czech S a is ical O ice, which p ocesses annual analyses o cons uc ion
p oduc ion and desc ibes ma ke de elopmen esul ing om he analysis o he cons uc ion
indus y deals wi h he de elopmen o economic sec o s in he Czech Republic. A se o
inancial indica o s which p o ide in o ma ion on he o e all ma ke si ua ion is annually
published as a pa o he esea ch o he Minis y o Indus y and T ade o he Czech Republic
in he o m o a co po a e sec o inancial analysis. The pe o mance o cons uc ion companies
can be measu ed by a ious indica o s. The mos impo an pe o mance indica o is he e u n
on sales. This inancial analysis a io is qua e ly published as a s a is ic wi hin he cons uc ion
sec o in he na ional s a is ics published by he Minis y o Indus y and T ade. The aim o he
esea ch desc ibed in he a icle is o compa e he pe o mance de elopmen o cons uc ion
companies ope a ing in he Sou h Mo a ian Region o he Czech Republic. 12 samples o
cons uc ion companies (4 samples ep esen ing he ca ego y o small, medium-sized, and la ge
companies) we e chosen o compa ison. Thei e u n on sales was calcula ed on he basis o
inancial s a emen s in he 2013 – 2019 pe iod. This alue was plo ed in he de elopmen end,
which was subsequen ly compa ed wi h he na ional s a is ics. The o e all compa ison o he
pe o mance de elopmen o cons uc ion companies, which was quan i ied using
mac oeconomic indica o s, was ca ied ou in he Sou h Mo a ian Region. The mac oeconomic
indica o s o he Sou h Mo a ian Region we e also compa ed wi h he na ional indica o s
p o ided by he Czech S a is ical O ice.
1. In oduc ion
The cons uc ion indus y ep esen s one o he basic building blocks o he s a e economy. I is a sec o
ha is closely linked o e i o y de elopmen , including he impac on he en i onmen . Toge he wi h
in es men cons uc ion, i con ibu es o he e i o y de elopmen by expanding he in as uc u e,
c ea ing condi ions o economic de elopmen , an inc easing numbe o job posi ions du ing
cons uc ion ac i i ies in he egion. [1] The cons uc ion indus y o e s employmen o a wide ange
o people in e ms o educa ion as i is able o abso b e en wo ke s wi h lowe o di e en quali ica ions.
The cons uc ion indus y in he Czech Republic employs 8% o he o al numbe o employed pe sons.
I p o ides jobs o o eign mino i ies, whose employmen in he Czech cons uc ion indus y is
cu en ly c ucial o he smoo h and e icien ope a ion o he cons uc ion companies due o he lack o
domes ic wo ke s. This e lec s how he cons uc ion indus y no mally unc ions in he wo ld. [2]
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The cons uc ion indus y alls wi hin he sec o s ha g ea ly a ec he g oss domes ic p oduc alue
o he en i e epublic. I can be s a ed ha i he cons uc ion indus y is on he ise, cons uc ion
companies should also ollow his end. Howe e , i depends no only on hei size bu also on he
loca ion whe e he cons uc ion company is si ua ed. Cons uc ion companies mus be able o espond
lexibly o ma ke needs in an e e -changing economic en i onmen . The companies use, among o he
hings, inancial analysis in o de o be able o co ec ly decide he alloca ion o inancial esou ces, use
hei asse s o he maximum ex en o hei p oduc ion and choose he ideal business s a egy. A
success ul company canno manage wi hou a ho ough inancial si ua ion analysis. The inancial
analysis scope can he e o e be desc ibed as an essen ial pa o he company managemen , which
examines i s inancial heal h and p o ides eedback on all ac i i ies ha ake place wi hin he company.
The aim o he a icle was o analyse he pe o mance o cons uc ion companies based in he Sou h
Mo a ian Region du ing he obse ed pe iod o 7 yea s and compa e his de elopmen wi h he o e all
de elopmen o he cons uc ion indus y in he Czech Republic and subsequen ly de e mine he le el
o he pe o mance o hese cons uc ion companies.
2. P esen S a e Re e ences
Each s a e publishes s a is ical da a on he basic inancial indica o s o companies wi hin indi idual
sec o s. This s a is ical da a shows he end in he co esponding ield. Fo example, Bizmine [3],
ValuSou ce [4], o IBISWo ld [5] companies, which publish o ecas s o indi idual ields, p o ide
hese s a is ics in he Uni ed S a es. Howe e , all he abo e-men ioned companies cha ge o hei
ou pu s. The Eu opean Union publishes s a is ics om 28 coun ies on cons uc ion ou pu [6], which
a e ee o cha ge, howe e , i does no p o ide s a is ics on inancial indica o s, jus he pe cen age o
companies by size (mic o, small, medium-sized, la ge). S a is ical da a is no subjec o a cha ge in he
Czech Republic. En i ies such as he Czech S a is ical O ice [7] and he Minis y o Indus y and T ade
(MIT) [8] publish he ou comes o s a is ical su eys. The Czech S a is ical O ice ocuses mo e on
gene al da a on in la ion, unemploymen , indi idual sec o s (cons uc ion indus y, ou ism,
en i onmen , and o he s). The s a is ics published by he Minis y o Indus y and T ade deal wi h
indi idual sec o s classi ied acco ding o NACE. Da a on inancial analysis indica o s is published he e.
Acco ding o MIT [1], he cons uc ion indus y alls wi hin he key sec o s o he economy. I is a
majo consume o p oduc s o o he ields; howe e , i is also a ield ha a ec s he appea ance o
ci ies, municipali ies, and landscapes. The cons uc ion indus y is also conside ed one o he impo an
indica o s o economic de elopmen . I plays a decisi e ole in he implemen a ion o capi al
cons uc ion oge he wi h he enginee ing indus y. I s posi ion in he economy and changes in he
posi ion o his sec o can be cha ac e ized by i s sha e in g oss alue added. The sha e o he
cons uc ion indus y in he g oss alue added o he whole economy anged be ween 5% - 7%, in he
2010 – 2018 moni o ed pe iod. Acco ding o Deloi e company [2], he cons uc ion indus y is one o
he mos impo an sec o s o he na ional economy wi h a sha e o app oxima ely 12% in GDP.
Acco ding o he TZB-in o [9] jou nal which published an a icle “Czech cons uc ion indus y be o e
Co id 19”, he CEEC Resea ch company p edic s, based on an analysis o he da a by he Czech
S a is ical O ice, he ollowing: “In ecen yea s, we ha e obse ed a end in he cons uc ion indus y
whe e cons uc ion ou pu is cons an ly declining o almos s agna ion, simila ly o he sales, which a e,
howe e , declining a a slowe pace. We can expec his si ua ion no o change in he yea s o come,
and his end will con inue.”
The Czech Republic is di ided in o 14 egions wi h undoub edly di e en pe o mance. The me e
ac ha he s a is ics epo ed by he Czech S a is ical O ice always di ide he ou pu alues in o he
a e age o he Czech Republic wi hou he sha e o he capi al ci y o P ague con i ms he ac ha
e en he pe o mance o he cons uc ion indus y depends on he loca ion o he cons uc ion company
ope a ion.
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The pe o mance o he en i e cons uc ion indus y, which is ep esen ed by he pe o mance o
indi idual cons uc ion companies ope a ing in he Czech Republic, is qua e ly published in he
“Financial Analysis o he Co po a e Sphe e” documen o he Minis y o Indus y and T ade .
Companies (no only hose pe o ming cons uc ion implemen a ion ac i i ies), a e di ided in o
indi idual size ca ego ies based on bo h he legisla ion o Ac No. 563/1991, on Accoun ing  in
Sec ion 1b and also on EU Recommenda ion 2003/361/EC o 6 May 2003 .
Moni o ing inancial indica o s is impo an o all companies since hey a e indica o s o u u e
possible de elopmen , inancing, and as moni o ed by Shahzad and Gundes [13, 14] he p o i o he
cons uc ion company, u he speci ied by Po de [15], also se es o p edic he de elopmen o he
whole s a e economy acco ding o Chen [16].
Based on he abo e-s a ed ac s, he au ho s o he a icles ocused on assessing he pe o mance o
cons uc ion companies di ided in o indi idual size ca ego ies wi hin he Sou h Mo a ian Region,
which was subsequen ly compa ed wi h he mac oeconomic indica o s o he en i e Czech Republic.
3. Me hodology
The pe o mance o cons uc ion companies can gene ally be moni o ed using selec ed inancial analysis
indica o s. Pe o mance is measu ed p ima ily by a ios, which a e mainly ep esen ed by p o i abili y
and u no e o ac i i y. Fo he pu poses o he a icle, he au ho s ocused mainly on he e u n on
sales (ROS), which is s a is ically moni o ed which ou pu s a e published in he Financial Analysis o
he Co po a e Sphe e " documen by he Minis y o Indus y and T ade". These ou pu s a e
upda ed qua e ly. Al hough hese s a is ics include he cons uc ion indus y ield wi h a classi ica ion
in building cons uc ion, ci il enginee ing, and specialized cons uc ion ac i i ies, i no longe espec s
he classi ica ion o inpu da a, which is aken om he inancial s a emen s o cons uc ion companies,
acco ding o he size ca ego ies. I can he e o e be s a ed ha his s a is ical da a can be skewed o
in luenced by he inpu alues o only one company size ca ego y.
Indi idual ca ego ies o company sizes a e de ined by Ac No. 563/1991 Coll., On Accoun ing, as
ollows:
- Small companies: o al asse s o alling a CZK 100,000,000, annual o al ne u no e o CZK
200,000,000, he a e age numbe o employees 50; mus no exceed a leas 2 o he speci ied
limi s,
- Medium-sized companies: o al asse s o alling a CZK 500,000,000, annual o al ne u no e
CZK 1,000,000,000, he a e age numbe o employees 250; mus no exceed a leas 2 o he
speci ied limi s,
- La ge companies: hose ha exceed a leas 2 o he limi s se ou o medium-sized companies.
These s a is ics a he same ime do no cap u e he in luence o pe o mance and he supply
possibili ies o cons uc ion wo k in indi idual egions.
The o al sample o cons uc ion companies ha was included in he esea ch we e 12 companies,
wi h each company size ca ego y including 4 samples. A de elopmen o 7 yea s, namely a 2013 -2019
pe iod was conside ed wi hin he de elopmen o e u n on sales o hese cons uc ion companies. Tha
means, ha he e u n on sales o hese samples was compiled om 84 inancial s a emen s, namely he
p o i and loss s a emen s.
The e u n on sales is de e mined by he a io o he p o i ype and sales o a gi en yea acco ding
o Růčko á [17].
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𝑅𝑂𝑆 =!"#$
%∗100
(1)
Whe e:
ROS Re u n on sales (%),
EBIT Ea nings be o e in e es and axes (in housand CZK),
S Sales (in housand CZK).
A simple a i hme ic a e age was used in de e mining he le el o e u n on sales o indi idual size
ca ego ies o cons uc ion companies.
The goal o all economies, whe he a he na ional o egional le el, is hei posi i e economic
de elopmen . O e all economic pe o mance is measu ed using mac oeconomic indica o s. These a e
indi idual a iables ha ocus on a speci ic indus ial ield. These a iables can be con inuously
moni o ed and e alua ed. The o e all posi ion o he moni o ed economy can be de e mined by hei
compa ison. The aim o mac oeconomic indica o s is o p o ide he economic s abili y o a coun y o
a egion. [18]
G oss domes ic p oduc is he mos widely used indica o o compa ing a gi en economy and
economic powe o e a pe iod o ime. This is he ma ke alue o all inal goods and se ices p oduced
in a gi en economy o e a gi en ime pe iod. [19]
GDP can be ob ained in se e al ways, namely by expendi u e, p oduc ion, and income me hods,
howe e , he esul mus always be he same, despi e he ac ha each app oach uses a di e en
calcula ion me hod. [20]
As s a ed abo e, GDP is made up only o inal p oduc s (in e media e goods a e no included), hey
ep esen uel, ene gy, a ious p oduc s, o company inpu s ob ained om o he companies. This is
mainly o a oid mul iple coun ing. Simply pu , in he case o using he p oduc ion me hod, i he alue
o in e media e goods is deduc ed om he company income, he alue o inal ou pu o g oss alue
added (GVA) is ob ained.
GVA =
P oduc ion
–
In e media e5consump ion
+
Taxes5on5p oduc s
–
Subsidies5on5p oduc s
The addi ion o axes and he deduc ion o subsidies on p oduc s is due o he ac ha ou pu is
alued a basic p ices and he use is alued a ma ke p ices. GDP is he e o e equal o GVA plus ne
axes on p oduc s ("ne axes" means axes minus subsidies, as some p oduc s a e no axed bu
subsidized).
In p ac ice, GVA accoun s o abou 90% o GDP, he es a e ne axes on p oduc s. The e o e, GDP
and GVA usually de elop simila ly. Only in excep ional cases, i axes ise o all d ama ically, he
de elopmen o GDP ends o be di e en om GVA. In such a case, i is impo an o moni o he GVA
de elopmen since i is no a ec ed by ne axes and i di ec ly indica es he economic p oduc ion
pe o mance. In any case, he de elopmen o one indica o canno be sepa a ed om ano he , as hey
ep esen only wo iews o he same. [21]
4. Resul s and discussions
Re u n on sales was de e mined on he basis o he abo e-s a ed o mula o each cons uc ion company
included in he analysis. The company size ca ego ies we e always obse ed and based on hei ou pu s,
an a i hme ic a e age which ep esen ed he amoun o he e u n on sales o a gi en yea and
cons uc ion company size ca ego y was de e mined. All cons uc ion companies ope a e in he Sou h
Mo a ian Region. These ou pu s we e subsequen ly always compa ed wi h s a is ical da a published by
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he Minis y o Indus y and T ade [22]. The de elopmen o he e u n on sales o he obse ed 2013-
2019 pe iod o he cons uc ion sec o is shown in he ollowing able.
Table 1. The de elopmen o he e u n on sales o he cons uc ion sec o . [Au ho s´ own wo k]
Yea
2013
2014
2015
2016
2017
2018
2019
ROS (%)
6.06
-4.88
-4.44
-9.87
8.48
5.83
3.52
The de elopmen o e u n on sales o small cons uc ion companies in he moni o ed yea s was
well below he e u n on sales end de elopmen o he en i e cons uc ion indus y in he Czech
Republic, see Figu e 1. The esul ing alues o indi idual small cons uc ion companies, including he
a e age de e mina ion o indi idual yea s a e shown in Table 2.
Table 2. Re u n on sales s a ed in % o small cons uc ion companies. [Au ho s´ own wo k]
Yea
2013
2014
2015
2016
2017
2018
2019
Sample 1
0.20
-8.09
-2.42
-6.62
-5.80
5.63
0.70
Sample 2
2.31
1.19
0.25
0.93
0.28
1.70
4.41
Sample 3
-21.12
1.05
8.04
-12.56
-3.77
-2.71
-1.75
Sample 4
2.94
3.83
2.19
1.19
-0.11
1.24
1.54
A e age
-3.92
-0.50
2.02
-4.26
-2.35
1.47
1.22
The de elopmen o he e u n on sales o medium-sized cons uc ion companies in he moni o ed
yea s was also below he e u n on sales end de elopmen o he en i e cons uc ion indus y in he
Czech Republic, see Figu e 1, howe e , he closes o he na ional de elopmen . The esul ing alues
o indi idual medium-sized cons uc ion companies, including he a e age de e mina ion o indi idual
yea s a e shown in Table 3.
Table 3. Re u n on sales s a ed in % o medium-sized cons uc ion companies. [Au ho s´ own wo k]
Yea
2013
2014
2015
2016
2017
2018
2019
Sample 5
10.92
7.22
14.76
12.06
9.70
10.43
10.38
Sample 6
8.23
4.41
3.90
7.01
5.34
4.37
4.20
Sample 7
0.23
-1.16
-0.10
-9.60
0.73
1.65
7.01
Sample 8
-5.79
3.61
-1.05
6.19
2.66
-7.17
2.83
A e age
3.40
3.52
4.38
3.92
4.61
2.32
6.11
The de elopmen o he e u n on sales o la ge cons uc ion companies in he moni o ed yea s was
also below he e u n on sales end de elopmen o he en i e cons uc ion indus y in he Czech
Republic, see Figu e 1. The esul ing alues o indi idual la ge cons uc ion companies, including he
a e age de e mined o indi idual yea s a e shown in Table 4.
Table 4. Re u n on sales s a ed in % o la ge cons uc ion companies. [Au ho s´ own wo k]
Yea
2013
2014
2015
2016
2017
2018
2019
Sample 9
2.22
2.87
4.54
3.97
2.54
3.52
5.04
Sample 10
5.32
7.34
7.87
7.51
7.46
8.01
7.42
Sample 11
5.99
6.85
5.69
5.83
6.89
7.76
10.50
Sample 12
3.63
-7.10
3.23
0.61
1.41
3.10
4.34
A e age
4.29
2.49
5.33
4.48
4.57
5.60
6.82
Table 5 shows he pe cen age changes in indi idual size ca ego ies in he moni o ed yea s compa ed
o he alues gi en by he Minis y o Indus y and T ade o he cons uc ion sec o .

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IOP Con . Se ies: Ma e ials Science and Enginee ing 1203 (2021) 022029
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Table 5. Pe cen age changes in he e u n on sales o indi idual size ca ego ies o cons uc ion
companies compa ed o he alues gi en by he MIT in he cons uc ion indus y. [Au ho s´ own
wo k]
Yea
2013
2014
2015
2016
2017
2018
2019
Small
-324%
-115%
-66%
-144%
-136%
-62%
-69%
Medium
94%
8%
-26%
-59%
-29%
-40%
55%
La ge
145%
-24%
-10%
-54%
-30%
44%
74%
I can be seen om Table 5 and Figu e 1 ha he smalles changes compa ed o he de elopmen
end o he cons uc ion sec o published by he Minis y o Indus y and T ade we e epo ed by
medium-sized cons uc ion companies. Thei a e age alue o pe cen age di e ences o he moni o ed
2013 - 2019 pe iod showed a alue o 0.32%.
Figu e 1. Compa ison o he e u n on sales de elopmen o he cons uc ion indus y o he Czech
Republic wi h indi idual cons uc ion company size ca ego ies.
The documen “Cons uc ion o he Czech Republic 2019” published by he Minis y o Indus y and
T ade o he Czech Republic [1] shows he e enue amoun o indi idual cons uc ion company size
ca ego ies and he o al e enue amoun o he en i e Czech Republic. The ollowing Table 6 shows he
pe cen age sha e o he indi idual cons uc ion company ca ego ies in he o al e enue.
Table 6. Pe cen age sha e o he companies in he cons uc ion indus y in he o al e enues
[Au ho s´ own wo k]
Uni
2013
2014
2015
2016
2017
2018
La ge
22.55
23.52
24.60
20.47
19.80
18.53
Medium
22.40
21.24
20.90
20.40
19.65
18.80
Small
55.04
55.24
54.50
59.13
60.55
62.66
The same documen s a es he ep esen a ion o he numbe o cons uc ion companies classi ied by
size ca ego y. The numbe o companies in he cons uc ion indus y has been cons an ly inc easing
since 2013. Small companies wi h sole ade s ha e adi ionally had he la ges ep esen a ion. The
ca ego y o small companies has accoun ed o almos 99% o he o al numbe o companies in he long
un (see Table 8), and i was in his ca ego y, in con as o o he size ca ego ies, whe e mo e signi ican
g ow h compa ed o he p e ious pe iod was moni o ed.
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Table 7. The o al sha e o he cons uc ion companies by size [Au ho s´ own wo k]
Uni
2013
2014
2015
2016
2017
2018
La ge
53
54
55
50
52
57
Medium
579
546
524
500
492
494
Small
169,862
170,206
171,900
175,279
176,846
178,481
To al
170,494
170,806
172,479
175,829
177,390
179,032
Table 8. Pe cen age sha e o he cons uc ion companies by size [Au ho s´ own wo k]
Uni
2013
2014
2015
2016
2017
2018
La ge
0.03
0.03
0.03
0.03
0.03
0.03
Medium
0.34
0.32
0.30
0.28
0.28
0.28
Small
99.63
99.65
99.66
99.69
99.69
99.69
The abo e-s a ed esul s show ha small companies ha e he la ges sha e in bo h he numbe o
cons uc ion companies and he o al e enues.
Table 9 shows he numbe o cons uc ion companies in he Sou h Mo a ian Region and he sha e
o his numbe in he o al numbe o cons uc ion companies in he whole Czech Republic. The sha e
is a ound 21% in he long un. The Sou h Mo a ian Region anks second in e ms o he numbe o
cons uc ion companies a e he capi al ci y o P ague. This is p obably due o he ac ha he second
la ges ci y in he Czech Republic, B no, which is he sea o a la ge numbe o cons uc ion companies
is si ua ed he e.
Table 9. Sha e o he cons uc ion companies in he Sou h Mo a ian Region in he o al numbe o
uni s [Au ho s´ own wo k]
Uni
2013
2014
2015
2016
2017
2018
Czech Republic
170,494
170,806
172,479
175,829
177,390
179,032
Sou h Mo a ian egion
35,323
35,874
36,425
36,858
37,612
38,001
Sha e
20.72
21.00
21.12
20.96
21.20
21.23
One o he essen ial indica o s ha exp ess he company’s pe o mance is he alue added. (5) In
2018, alue added in he cons uc ion sec o g ew o he second yea in a ow and signi ican ly
accele a ed i s g ow h. The e was a sligh dec ease in 2016, bu o he en i e pe iod unde moni o ing,
i can be concluded ha he e was an inc ease in he alue added. In 2018, g oss alue added e en
signi ican ly exceeded he alue om 2008, which was he highes alue achie ed so a . Small
companies accoun ed o he la ges sha e o he alue added o he cons uc ion sec o .
Table 10. Value added o cons uc ion companies by size (in millions CZK) [Au ho s´ own wo k]
Uni
2013
2014
2015
2016
2017
2018
La ge
26,402
25,685
32,153
27,561
27,009
44,057
Medium
30,420
30,727
33,427
31,899
33,216
49,273
Small
89,299
95,785
104,324
102,736
112,629
172,221
To al
146,121
152,197
169,904
162,196
172,854
265,551
The Sou h Mo a ian Region is he second economically s onges egion in he Czech Republic, a e
he capi al ci y o P ague. The o al g oss domes ic p oduc inc eased by 19.7% be ween 2013 and 2018,
which shows he high dynamics o he egion. The ci y o B no which in 2018 eached he le el o 147%
o he Eu opean Union a e age in e ms o GDP pe capi a, signi ican ly con ibu es o he inc ease in
he GDP o he Sou h Mo a ian Region In he long un, he GVA cu e almos pe ec ly copies he GDP
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doi:10.1088/1757-899X/1203/2/022029
8
de elopmen cu e. The Sou h Mo a ian Region con ibu ed on a e age by 10.5% o he GVA o he
Czech Republic in he moni o ed pe iod. [23]
Table 11. Sha e o he g oss alue added in he Sou h Mo a ian Region in he o al g oss alue added
in he Czech Republic (in millions CZK) [Au ho s´ own wo k]
Uni
2013
2014
2015
2016
2017
2018
Czech Republic
3,713,015
3,930,576
4,165,174
4,314,719
4,592,620
4,875,019
Sou h Mo a ian egion
400,637
411,935
439,375
447,487
474,395
513,187
Sha e
10.79
10.48
10.55
10.37
10.33
10.53
I can be concluded om he abo e-s a ed da a ha he economic powe o he Sou h Mo a ian
Region can be anked among he s onges in he Czech Republic. I can be seen om he de elopmen
o indi idual size ca ego ies o cons uc ion companies, ha he e u n on sales in he obse ed 2013 -
2019 pe iod was always below he a e age alues indica ed by he Minis y o Indus y and T ade in he
cons uc ion indus y. The smalles pe cen age di e ences be ween he e u n on sales o a ce ain size
ca ego y o a cons uc ion company and he na ionwide s a is ics o e u n on sales wi hin he
cons uc ion indus y we e epo ed by medium-sized cons uc ion companies.
I he a e age alues o indi idual size ca ego ies o cons uc ion companies a e aken in o accoun
and he o e all a e age o hese selec ed companies is de e mined, i esul s in a de elopmen cu e o
e u n on sales o cons uc ion companies based in he Sou h Mo a ian Region (see Table 12).
Table 12. Compa ison o he e u n on sales de elopmen (%) o selec ed cons uc ion companies o
he da a by he Minis y o Indus y and T ade [Au ho s´ own wo k]
Uni
2013
2014
2015
2016
2017
2018
A e age cons uc ion
companies
1.26
1.84
3.91
1.38
2.28
3.13
Minis y o Indus y
and T ade
1.75
3.26
5.93
9.64
6.52
3.90
The abo e-lis ed able shows ha he e u n on sales le el o selec ed cons uc ion companies based
in he Sou h Mo a ian Region anks below he na ional a e age alues o e u n on sales published by
he Minis y o Indus y and T ade in he cons uc ion sec o .
Figu e 2. Compa ison o he e u n on sales de elopmen o he cons uc ion indus y in he Czech
Republic wi h he a e age alues o selec ed cons uc ion companies. [Au ho s´ own wo k]
0,00
2,00
4,00
6,00
8,00
10,00
12,00
2013 2014 2015 2016 2017 2018 2019
Re u n on sales
Yea
Compa ison o he ROS de elopmen o selec ed
cons uc ion companies wi h MIT
Minis y o Indus y and
T ade
A e age o cons uc ion
companies
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IOP Con . Se ies: Ma e ials Science and Enginee ing 1203 (2021) 022029
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doi:10.1088/1757-899X/1203/2/022029
9
5. Conclusions
The aim o he a icle was o poin ou he pe o mance o cons uc ion companies based in he Sou h
Mo a ian Region and o compa e he esul ing alues wi h he na ional alues gi en by he Minis y o
Indus y and T ade o he cons uc ion sec o . The pe o mance o cons uc ion companies ha we e
classi ied in o size ca ego ies (small, medium-sized, la ge) was also moni o ed and hese pe o mance
le els we e compa ed wi h na ional alues ha do no espec he classi ica ion in o company size
ca ego ies. 12 companies we e used as a esea ch sample. A minimum numbe o 4 samples in each size
ca ego y was included in hese samples. The pe o mance o cons uc ion companies was exp essed by
he mos commonly used a io o inancial analysis, namely he e u n on sales. The Minis y o Indus y
and T ade upda es da a on inancial analysis indica o s o indi idual sec o s on a qua e ly basis.
Howe e , i is no clea which companies, in e ms o hei size, en e he s a is ics. The pe o mance o
he Sou h Mo a ian Region was hen moni o ed by a mac oeconomic indica o , namely he alue o
inal p oduc ion o alue added. The sha e o he Sou h Mo a ian Region in GVA was 10.5% in he
moni o ed pe iod in he Czech Republic and he o e all pe o mance o he Sou h Mo a ian Region is
in second place a e he pe o mance o he capi al ci y o P ague.
The abo e-s a ed ables and cha s show ha he pe o mance o cons uc ion companies was on
a e age by 50% lowe han he alues o na ional s a is ics published by he Minis y o Indus y and
T ade in he moni o ed pe iod. In 2019 alone, he pe o mance o cons uc ion companies was 20%
highe han he na ional a e age. Rega ding he cons uc ion company size, he closes de elopmen
cu e was shown by medium-sized cons uc ion companies.
I would be necessa y o inc ease he sample o cons uc ion companies in o de o con i m he
conclusions om he p esen ed esea ch and i would also be bene icial o analyse cons uc ion
companies in he neighbou ing egions in he Czech Republic in u he esea ch.
Acknowledgmen (s)
This pape has been wo ked ou unde he p ojec o he speci ic esea ch a he B no Uni e si y o
Technology no. FAST-S-21-7472 - Managemen o Economic P ocesses in Cons uc ion Enginee ing.
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