“The construction market can be unpredictable. It will probably do well until mid-year. Beyond that, if investments drop, not so good. I haven’t heard of any public projects being prepared,” says Radu Ouatu, owner and chief executive of Apolodor Com Impex and engineer by trade.
Apolodor Com Impex, now under observation following insolvency, posted 30% higher revenue in 2018, going from 57 million lei (EUR12 million) to RON74 million. Apolodor Com Impex went insolvent in 2015 and is now under observation, conducting business as usual.
The company is part of a group along with Apolodor Grup Construct, Apolodor Demolari, Central Constructii si Demolari. The four companies posted RON83.2 million revenue in 2017, down about 14% over 2016, according to ZF’s calculations based on Finance Ministry data. (EUR1=RON4.7628)
(English version by Loredana Fratila-Cristescu)