The company made RON2.4 million (EUR495,000) net profit last year, down 64.3% from the previous year, when P.A.B. Romania posted net profit of RON6.8 million lei (EUR1.4 million), according to public data. The company had an average of 431 employees in 2021.
P.A.B.’s portfolio includes, among others, more than 35 stores built for DIY retailer Dedeman, as well as several stores for Germany’s Lidl in the UK (Porthmadog, Ashton U’Line, Todmorden and Shrewsbury), according to previous reports. On the international market, the company has also worked for Selgros, with its own subsidiaries in Germany, the UK and Serbia.
On the local market, P.A.B. Romania built the Shopping City Ramnicu Valcea shopping center, a EUR40 million project of South African investor NEPI Rockcastle. It also built the structure of the first building of The Office project, developed in Cluj-Napoca by New Europe Property Investments (NEPI Rockcastle) and entrepreneur Ovidiu Șandor, later bought by Dedeman’s shareholders, brothers Dragos and Adrian Paval in 2018.
(English version by Loredana Fratila-Cristescu)