Czech domestic glassmaker Moser reported that it closed 2009 with a loss of CZK 8.38M (CZK 51.17M). Sales of the firm's own products and services dropped CZK 4M compared to CZK 187.4M. The company has been negatively affected by swings in the Czech crown's exchange rate, rising energy prices, the global economic crisis and falling orders over the past two years. Moser, which employs about 300 people, put a series of cost-cutting measures into practice in 2009 to cut loss from 2008, when it invested a large sum of money for the modernization of its plant. Sale of products and services on international markets were about CZK 111.7M in 2009, a decrease of approximately CZK 19.3M. According to company CEO and Chairman Antonin Vlk, Moser did not lose any significant clients last year, despite the crisis and lower trading volumes.
