Mobex sees sales pick up in 2006

Targu-Mures-based furniture manufacturer Mobex expects sales to pick up next year now that the company”s business went down due to the fluctuations of the foreign exchange rate this year. “Compared with 2004 we reduced the production capacity, because we had to resort to streamlining by unifying existing departments to cut energy costs and resize personnel to match the existing technology and orders,” stated Daniel Egri, Mobex general manager. The company”s estimates for 2006 target a 10.7 million euro turnover, almost 9% higher than this year when Mobex will post close to 9.8 million euro turnover. The company”s sales in 2005 went down 9.5% from 2004, when the turnover stood at 11.5 million euros. Sales in the first ten months of the year were close to 8 million euros, down from the corresponding period of last year. At the same time, Mobex”s profit will reach 700,000 euros at the end of this year, 25% more than last year when it amounted to 560,000 euros. ZF