Albalact, the largest local dairy producer, foresees business growth of up to 10 percent year-on-year in 2009. Earlier this year, the company was estimating €72 million in turnover for 2008.
The company also expects a slight rise in profit in 2009, but not significant year-on-year.
“We believe that Romanians will focus on cheaper, basic products next year, leading to slower growth of the industry and lower profitability,” Albalact General Manager, Traian Simion, told Business Standard. “As a result, Albalact has adjusted its development plan for 2009, so we expect a 5-10 percent increase compared to 2009,” he added.
Simion said that the dairy industry is not likely to be severely impacted by the crisis, however, because milk is a basic staple for Romanians, who are not going to eliminate this from their consumption basket.
In the first nine months of 2008, Albalact posted €38.3 million worth of business, 20 percent higher year-on-year, and earnings five times lower compared to the first three quarters in 2007, worth some €0.26 mln.
Read more in Business Standard
The company also expects a slight rise in profit in 2009, but not significant year-on-year.
“We believe that Romanians will focus on cheaper, basic products next year, leading to slower growth of the industry and lower profitability,” Albalact General Manager, Traian Simion, told Business Standard. “As a result, Albalact has adjusted its development plan for 2009, so we expect a 5-10 percent increase compared to 2009,” he added.
Exclusiv - beneficiati acum de Oferta Speciala de mai jos:
Ghid practic Realizarea de sapun natural
Realizarea de sapun natural este cea mai profitabila afacere Obtii venituri de 1 000 de lei pentru doar 2 ore de munca Ce contine Ghidul practic pentru realizarea de sapun natural Cum sa faci sapun 100 natural – nu numai informatiile de baza ci toate sfaturile si trucurile necesare pentru a obtine inca de la prima incercare ...
Oferta Speciala
valabila 48h
valabila 48h
Simion said that the dairy industry is not likely to be severely impacted by the crisis, however, because milk is a basic staple for Romanians, who are not going to eliminate this from their consumption basket.
In the first nine months of 2008, Albalact posted €38.3 million worth of business, 20 percent higher year-on-year, and earnings five times lower compared to the first three quarters in 2007, worth some €0.26 mln.
Read more in Business Standard
Autor: AgroRomania.ro
Votati articolul
Nota: 5 din 1 voturi
Urmareste-ne pe Google News
RSS Flux RSS 2.0
Sitemap XML
