La Festa on budget in Q1

La Festa Romania, the maker of Tedi natural juice, has posted a growth in turnover of 25% for the first quarter of the year, compared with the period in 2004. The company did not reveal its sales figures, however it said it was expecting a 30% growth in turnover growth for the entire year. “Our results are in line with the targets set in this year”s budget. Up until now we can talk about a 25% growth on 2004. The investment in the Valenii de Munte factory is almost complete, and we will start other investments this year as well,” said Krzysztof Grabowski, chairman of La Festa Romania. He did not reveal the value of the new investments or what they would be spent on. Based on annual growth pace estimates announced by the company last year, La Festa enjoyed a 30 million euro turnover in 2004. The 30% growth expected in 2005 is therefore likely to boost turnover to around 40 million euros. ZF