Profit went down by about 60% to RON15.2 million. Delta ACM has 521 employees compared with 1,396 in 2014.
The decline, says owner Florea Diaconu, is because of some departments were turned into separate companies.
“The number of employees did not go down, we redistributed the business around the group. I spun off certain departments – transportation, design, logistics and repairs,” Diaconu said.
“The revenue was slightly down because the change happened during the year and it affected the results. (…) The profit went down even more because it is very hard to be profitable in the construction sector in Romania, especially in the last few years.”
Delta ACM 93 has been one of the local companies that chose to expand abroad, due to the domestic construction market decline of 45% during the crisis and the dearth of new public and private projects.
Its most important projects include the construction of the subway line connecting the western Bucharest district of Drumul Taberei to the city center and a highway in Iraq. (EUR1=RON4.5320)
(English version by Loredana Fratila-Cristescu)