“Things stabilized in the second half of April, we ended April at 75% of the year-ago month and returned to normal in May, our sales are higher than in the same time last year. We believe sales will be going well in the next few months. However, there are still too many unknowns to be able to make projections,” Bilka Steel owner Horatiu Tepes says.
Bilka Steel posted RON655 million revenue in 2019 and its profit margin stood at almost 10%. Exports generated more than 10% of its sales. The company has a RON30 million investment budget for 2020 and expects revenue to increase by almost 10% to RON720 million this year, according to the information it supplied for ZF’s ‘Cei mai mari jucatori din economie’ (Key players in the economy) 2020 yearbook due out soon.
(English version by Loredana Fratila-Cristescu)