33m-euro appliances for Marelvi

Home appliances distributor Marelvi estimates turnover of more than 33 million euros for this year, an increase of 10% from the previous year. “The Marelvi product portfolio this year will include new IT and multimedia products, as part of our development strategy. Given the dynamic of the market on this segment, we estimate the new portfolio expansion will lead to a 10% turnover growth,” stated Violeta Guramulta, the company”s chief executive. Marelvi concluded last year with an increase in turnover, to 30 million euros, though profitability went down. The 15% growth in turnover last year was due, officials say, to the investments in two regional warehouses and to the broadening of the portfolio. ZF