Top Brands expects to double growth rate

Top Brands Distribution, the second largest distributor of consumer goods on the market, forecasts a 50% increase in turnover this year against 2007, double the last year’s growth rate. Therefore, the company could reach sales worth 1.125 billion RON (over 306 million euros) by the end of 2008, after it posted a 750 million-RON (224.7 million-euro) turnover last year. Top Brands Distribution is the main distributor of Philip Morris and Kraft Foods products on the Romanian market. “Expanding our distribution network to cover an additional 8 counties means our resources must match our needs. We have already conducted massive investments in our car fleet, in logistics and in boosting our storage capacity to make it more effective. We also intend to create our own line of products, manufactured by TBD (Top Brands Distribution i.e.). Considering all these factors, we predict 2008 is the year when our company will see a 50% turnover increase against 2007,” said TBD representatives.