“This year, we will invest maximum EUR5 million. It is a year of consolidation. We will invest in all businesses as sales increases should also be supported by the production unit or logistics, for example,“ Radu Timis, owner of the Cris-Tim group, said.
The group posted EUR124 million sales in 2016, an increase of 18% versus 2015 and aims for growth of 20% this year. The budgeted growth of 20% for in 2017 should take Cris-Tim’s sales to almost EUR150 million, according to ZF calculations.
Cris-Tim, one of the largest groups in the local food industry, ended the first quarter with an increase of 12% in sales compared with the year-earlier period, in line with its projections.