“Bilka ended 2020 with RON795 million (EUR163 million) revenue, an increase of 20% on 2019, when it posted RON655 million revenue. The financial results are in line with the goals set early in 2020,” Horatiu Tepes says.
“Our 2021 goal is to overshoot the RON1 billion revenue mark. The investments made in development of production capacity and in expanding the product range, along with a national distribution network and demand on the market are the main factors we rely on for growth.”
Bilka Steel is currently employing 550 people and is working on a new thermal insulation panel plant, part of a larger investment plan of EUR25 million.
(English version by Loredana Fratila-Cristescu)