“We did better than budgeted in the first three months of 2021. We budgeted EUR43.5 milion revenue for 2021,” owner Florin Madar says.
The company has RON4.5 million (almost EUR1 million) digitalization budget for this year. The good performance in the first three months came amid a less than favorable construction market.
“The start of the year came with a rise in product prices and supply problems, due to the decline in the production capacities of our suppliers.”
Temad ended 2020 with RON203 million (EUR42 million) revenue, an increase of 4% on 2019. It posted RON21.3 million profit, 38% higher than in the previous year and the average number of employees was flat at about 240, according to the information the wholesaler supplied for the 2021 edition of ZF’s ‘Cei mai mari jucatori din economie’ (Key players in the economy) yearbook.
Temad sells primarily to companies, DIY store chains like Hornbach and Dedeman, as well as non-specialist retailers such as Carrefour and Auchan. In all, Temad’s products sold under seven brands are available in more than 5,000 stores.
(English version by Loredana Fratila-Cristescu)