Skrivanek is a half-billion company again
Last year the company translated more than 118 million words in the Czech Republic.
Prague, May 2017
Total turnover of more than half a billion. The Czech branch of the second largest language agency in Central and Eastern Europe has continued to report more than 118 million translated words in 440 language combinations, more than 8,500 interpretation hours in 50 language combinations and 190,000 taught lesson hours in nearly two dozen foreign languages. These are the main statistics of Skrivanek for 2016.
In the completed year, the Skrivanek Language Agency recorded total turnover of more than CZK 516 million. In the Czech Republic alone, its turnover was more than CZK 270 million. That figure is practically unchanged compared to the previous year, although the largest language agency managed to increase its profit by nearly CZK 11 million compared to the previous year.
“Last year can certainly be described as successful. We won important contracts, such as for projects and institutions of the European Union and the UN, and we thereby boosted our position on the international market,” says the Skrivanek Language Agency’s director, Bronislava Chudobová. Skrivanek provides important language services both to large multinational companies and to governmental and non-profit organisations and last, but not least, also to local companies and members of the general public.
English holds the position, Chinese and Arabic boost it
“The most demanded languages for translations and interpreting continue to be English and German in combination with Czech. They are accompanied by common European languages, such as Polish, French, Hungarian, Slovak and last, but not least, Russian,” explains Bronislava Chudobová. We have also registered a rise in demand for translations into Chinese and Arabic, which is related to current political and economic developments,” Chudobová adds.
Most of the translations ordered were of legal documents, followed by technical documents and in third place IT. “We continue to see the greatest potential in translation and interpreting services mainly in IT, as well as the engineering, automotive and pharmaceutical industries,” says Bronislava Chudobová, highlighting likely future development.
According to the latest version of the study “The Language Service Market 2016” from the independent research organisation Common Sense Advisory, the language services market will grow in 2015 year-to-year by 6.46%, and revenue is expected to amount to approximately $49.8 billion (USD) by 2019. The study named the Skrivanek Language Agency as among the 100 largest language agencies in the world. The company ranks in 41st place globally in the sector and in 2nd place in Eastern Europe.
The most successful markets for Skrivanek, as far as turnover is concerned, are currently Poland, Latvia and Slovakia, in that order. “Poland is a very interesting market for us, where we have reported good results amounting to several million euros. We also view potential in Bulgaria, where we have grown year-to-year by nearly 60%,” concludes Skrivanek’s director.