Dedeman expects over 200m-euro business next year

Bacau-based construction materials distributor Dedeman, estimates turnover worth over 200 million-euro next year, after the launch of four new stores, with one set to be built in Bucharest. The company, controlled by businessmen Adrian and Dragos Paval, saw a 50% rise in turnover nine months into this year against the same time last year, and exceeded the 30% growth rate forecast at the beginning of the year. If this rate continues until the end of 2007, the company will reach a turnover worth 160-170 million euros. “The increase in the first nine months of the year came amid a rise in the demand for construction materials, and the expansion of its network, which reached nine stores. The network’s tenth store will be opened in Piatra Neamt by the end of the year, which is the third store opened this year, after stores in Targoviste and Roman,” explained Dedeman representatives.