Angst business up 33%

Angst, one of the leading players in the meat products industry last year reported a 33% growth in turnover to up to 40 million euros, announcing an important growth in sales for the HoReCa segment (i.e. hotels, restaurants and catering). Whereas sales through restaurants and hotels seen at the end of last year accounted for 10% of the group”s turnover, they are estimated to reach at least 15% of the total business this year, according to the company”s business plan. “Developing the service branch is the best solution with a view to accession to the European Union. The growth of the middle class will lead to a growth in consumption, as well as to a change in people”s behaviour, given that they will choose to eat out regularly,” stated Stefan Padure, the company”s sales manager. He says that the integration into the European Union will lead to an increase in the number of international chains of restaurants present on the Romanian market, a situation, which will bring about an accelerated development of sales in the HoReCa segment The company will also speed up the development of its store network, which generates about 50% of its annual sales. Angst will invest more than one million euros in the opening of five stores in Bucharest, with four more to be located in the rest of the country. ZF