Corporate Office Solutions: 11% profit margin

Corporate Office Solutions (COS), one of the leading players on the local office furniture market, estimates a net profit margin of 11% this year, compared with 8% in 2007. “The RON’s depreciation at the end of last year affected our profitability. We ended the year with turnover worth 14.5 million euros, while this year the target stands at 17 million euros, up 15%,” said Christophe Weller, managing partner of Corporate Office Solutions. He specified that last year’s estimated turnover stood at 15 million euros, a level that was not reached because of the completion of Class A office projects fell behind schedule. If the delivery deadline had been met, COS would have exceeded its target. In terms of results posted in the first two months of this year, the company’s contracts amounted to 3.1 million euros, above the sum budgeted for the period. COS conducted investments worth 0.4 million euros last year, with this year’s budget being set at 0.3 million euros.