Alfredo Trading expects 27m-euro revenues

Romanian food distributor Alfredo Trading expects its turnover to reach 27 million euros in 2005, an increase of 12.5% on 2004. Alfredo buys and distributes fresh and frozen food. “The growth in turnover is due to an overall increase in product prices by some 20%, of which 10% accounts for the increase in manufacturers” prices, while another 10% came from the company”s increased margin following its investments in distribution,” said Cristian Darmanescu, Alfredo Trading”s manager and one of its two shareholders. He said the company would make a 500,000-euro profit this year, 20% higher than in 2004. Last year turnover reached 24 million euros, up from 22 million euros in 2003. The company has invested 800,000 euros in warehouses, such as its facility in Afumati commune, and a fleet of refrigerated trucks since 2002. ZF