ABB forecasts turnover worth 106m euros

Swiss-Swedish group ABB, which operates on the energy and automation services and equipment segment posted turnover worth 145 million dollars (106 million euros) in Romania last year, of which ABB Romania sales accounted for 100 million dollars (73 million euros). Besides its own representative office in Romania, the group also carries out operations on this market through its branches in France, Germany and Sweden. “Our business went up by 40% last year, a record level so far, because of overall favourable market conditions,” stated Peter Simon, country manager of ABB Romania, Moldova and Bulgaria. Officials of the company forecast 25% growth rate in turnover for this year. “I cannot maintain such a fast growth rate as last year for an indefinite period,” Simon added. As for net profit, it went up by approximately 30% last year, and is the highest derived by ABB Romania thus far.