Karo Leather AS
141.50
CZK
-0.50
(-0.35%)
ISIN
CZ0009008819
Return %
Stock
S&P 500
1Y
-17.25
14.20
3Y
-14.24
81.12
5Y
50.53
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
CZK
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in mil. unless spec.Quarterly Revenue
CZK
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in mil. unless spec.Quarterly Earnings Per Share
CZK
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Pavel Klvana
- Full Time Employees
- 44
- Sector
- Process industries
- Industry
- Textiles
- Address
- Rohanské nábreží 642/35 Prague PHA Czech Republic 18600
- IPO Date
- Nov 13, 2019
- Website
- karo-leather.com
- Similar Companies
- Business
- KARO INVEST a.s. KARO INVEST a.s. (KARIN.PR) is a Czech Republic-based holding company that processes, produces, and sells industrial leather products primarily for furniture manufacturers across the Czech Republic and other European Union countries; it offers buffalo hides sourced from India and cowhides from Latin America, which undergo initial tanning abroad followed by comprehensive finishing processes including gauging, brushing, spraying, and coloring in over 180 shades at its facility in Boršov near Jihlava. The company, founded in 2007 and headquartered at Rohanské nábřeží 642/35 in Prague, evolved from a leather trader established by Pavel Klvaňa in the mid-1990s into a full-cycle manufacturer starting with factory construction in 2013 and production launch in 2015; its key subsidiary, KARO - Leather Company s.r.o., handles operations in collaboration with traditional partners like leather cooperative BRTNICE and SNAHA. KARO INVEST a.s. supplies premium, custom-made leather to major European furniture producers such as Cotta and Steinpol Central Services, emphasizing just-in-time delivery to reduce customer inventory needs from months to weekly cycles, with monthly output grown from 27,000 square meters in 2017 to 45,000 currently and targeting 100,000 amid strong demand. Recently, the company listed on the Prague Stock Exchange starting in 2019 with multiple capital raises totaling over CZK 184 million through 2022 to fund expansions including a planned pilot tannery for vertical integration into initial processing and potential entry into the automotive sector; it now operates as Karo Leather a.s., reflecting its strategic shift from real estate rental to core leather manufacturing north of the Alps.