Electroaparataj sees 20% growth

Low voltage equipment manufacturer Electroaparataj Bucharest, listed on the Bucharest Stock Exchange, is expecting a 20% growth in turnover, mainly because of the merger with similar companies in the electrical industry. “The increase in turnover will be triggered by the positive effects of last year”s merger with Aparataj Electric Titu, Electrotehnica and Romarta 2000, which will become visible as of the second half of this year,” the company”s communication manager Gabriela Nicolae said. She added that profits had been affected by the 10% appreciation of the domestic currency against the euro in 2005, as the sales tied to the euro exchange rate are larger than acquisitions tied to this currency. ZF