Copos expects 5.5m-euro sales from Ana Pan, below 2005 level

Ana Pan confectionery shop chain, controlled by businessman
George Copos, has budgeted 5.5m-euro turnover for this year, flat
from 2009, after last year turnover derived from this field shrank
by 15% in euros, with the final figure standing a little below the
2005 level. “We’ve been more cautious in drawing up budgets this
year and this is why we forecast flat turnover compared with 2009.
Still, we hope for a slightly increase in demand for bakery
products in the second half of the year,” stated Carmen Friptu,
general manager of Ana Pan confectionery shop chain. The chain’s
profit margin also narrowed, from almost 9% in 2008, according to
the company’s representatives who chose not to reveal the 2009
profit. Ana Pan operates 25 confectionery shops in Romania, 19 of
which it owns and the rest are franchised. Carmen Friptu says the
chain’s plans include countrywide expansion, in large cities, and
moving some shops to larger spaces.