Construction materials group Dedeman estimates 156m-euro business

Bacau-based Dedeman group, specialising in selling construction materials and vehicles, estimates a 30% turnover increase this year, to around 156 million euros. “Last year we achieved a 60% increase in turnover, to 120 million euros, amid an expansion in sales capacity. We estimate an approximately 30% sales increase for this year,” stated Dragos Paval, general manager and one of the shareholders of the Dedeman group. Dedeman SRL holds the biggest share in the groupes turnover, an operator of home improvement shopping centres, which last year made around 112 million euros. The company, held by businessmen Dragos and Adrian Paval, is among the few national networks of construction materials stores, which can compete with big international competitors currently present in Romania. “The construction materials retail market will continue to develop in the next three years, with stagnation ensuing as the market reaches maturity,” says Paval.