Last year’s revenue stood at RON827 million, generated by all the Erbasu construction companies – Constructii Erbasu, Erbasu Edil Construct, Erbasu Total Construct, Erbasu General Construct and Erbasu Industrial Construct. The companies posted RON31.7 milion profit together in 2019, which should go up to RON41.4 milion in 2020.
“The year 2019 was the first year of rebound for our business after 2015. Our revenue doubled. The construction market will grow in 2020, though not that much, despite it being an election year. The paradigm has shifted, no one is making last minute investments before elections anymore,” Cristian Erbasu says.
The construction companies of Cristian Erbasu have 1,195 employees and the target is to increase the headcount to 1,235 in 2020.
The builder currently has 450 Vietnamese employees and plans to bring more.
The only construction business that managed to post RON1 billion revenue so far is Hidroconstructia, and no local construction entrepreneur has been able to reach this level in years.
(English version by Loredana Fratila-Cristescu)