Consilier Construct anticipates 50% growth in turnover

Consilier Construct, one of the top four domestic companies providing consulting services in the field of road infrastructure, ended last year with a turnover worth 5.2 million euros, around 20% higher year on year.
The company has budgeted a turnover worth 8 million euros for 2007, an increase of 50%, as a result of the market growth and of its involvement in major projects.
“For this year, we expect our turnover to be around 8 million euros, based on the contracts we’ve secured and also considering the contracts we will undertake. We have major projects of a “design build” type and will be dealing with the design part, while our partners will oversee the construction works,” Bogdan Vintila, the chairman of Consilier Construct, told ZF.
The most important projects Consilier Construct got last year were related to traffic detours developed by the local councils of Iasi and Arad. In addition, contracts were secured for regional projects including the redevelopment of county roads in Galati, Tecuci, Valea Aiudului and Gorj, which will be carried out this year.
Dynamics in the workforce were positive last year, with the company boosting its total of employees by approximately 10% to 200. In 2005, Consilier Construct had to let part of its staff go due to a lack of large-scale projects, and to the fact that the flood control works were not that extensive.
According to Vintila, the company wants to hire a further 40 people in order to cope with market demand. “Experienced workforce is quite hard to find. We shall probably begin by recruiting students who we will then train,” explained the chairman of Consilier Construct.
Projects developed by local administrations account for 20% of the company’s turnover, with projects developed from European funds or with central budget capital accounting for the remainder. However, Vintila specified that the balance would change as an increasing number of locally developed infrastructure projects were announced. Despite their small-scale, these projects will drive up the market through their increasing number.
Last year, Consilier Construct registered a profit margin of around 10 percent and wants to see an increase to 15% this year.
“We just saw a profit margin of 10% in 2006, as many of the projects we dealt with were intended to aid us onto new markets and retain customers. This year, we could reach a 15% profit because we are operating larger projects,” stated Vintila.
In terms of the different type of projects accounting for the company’s turnover, works related to roads and bridges weigh 60%, building projects and urban development account for 30%, while environmental and harbour projects account for 10%. Bogdan Vintila is the single shareholder in Consilier Construct.