Mobexpert raises estimates to 160m euros

Mobexpert group, the leader of the Romanian furniture market, has seen a 5% increase in its sales on the retail segment in the first nine months of the year. The company also increased the sales target for this year to 160 million euros, a 7-8% increase against the previous year, as a result of a positive trend on the office furniture segment. “The main engines behind the growth on the domestic market have been the significant increase in office building on the upper segment and in home building, targeting the medium and medium-high segment. The result has been a growth directly proportional to the furniture demand on these segments, whose impact has been reflected in the sales growth,” explained Dan Sucu, chairman of the Mobexpert group. Officials of the group estimate that by the end of the year, sales on the home and office furniture segment will see a 10% growth against 2005.