EnergoBit heads towards business worth 110 million euros

Cluj-based EnergoBit group, one of the leading manufacturers of electrical equipment, which also operates on the market of electrical installations, forecasts turnover worth approximately 110 million euros this year, an increase of 20% on last year. EnergoBit posted turnover worth 90.4 million euros (301.7 million RON) this year, an increase of approximately 75% on 2006. The gross profit rate remained at 10%. The management estimated at the end of last year that the financial indicators would increase 20%. “We would prefer not to make excessively high estimates, but last year’s market growth took us by surprise yet again. We managed to sustain this trend both financially and in terms of staff, and thus managed to win many of the major investment projects,” Peter Pal, EnergoBit’s executive vice-president told ZF Transilvania.