Daniel Guzu anticipates 50-60% growth in 2010

Businessman Daniel Guzu, who collected 20m euros from the sale of Fabryo paint producer to Oresa Ventures, a deal completed in late 2008, says the current crisis has taught Romanian entrepreneurs to be more careful about the indebtedness level and companies’ cash flow.
“We spent recklessly ahead of the crisis”, confesses the entrepreneur who exited the paint and varnish business at a time when the market would grow by at least 20-30% annually, and investors’ interest in the building sector was at its highest.
Daniel Guzu, 41, currently controls Duraziv company, with operations on the market of dry mortars, metallic trim and paint, which in 2009 posted 9m-euro turnover.
Guzu is now banking on the “small steps policy” in the case of Duraziv, even though this means a lower market share and presence on certain market niches. Duraziv’s main clients are building materials warehouses.
After the first nine months, the company’s sales were 45% higher than in the same period of 2009.
“For the entire 2010, we expect a 50-60% advance, but it all depends a lot on what we do in the last two months of the year, because we are taking about a weather-sensitive business. At any rate, we want to grow further in 2011,” Guzu said.