On the other hand, Apulum reported a net profit of RON2.1 million in 2020, up 42% on the year.
The manufacturer had an average number of 1,058 employees last year, 258 fewer than in 2019.
Apulum exports its products throughout Europe and to Mexico. Through IKEA, the company’s main client, its products reach North America, Hong Kong, Japan and South Korea.
Apulum products also retail in chains Metro, Cora, Carrefour and Tesco.
The company exports over 90% of its output.