“In 2015, we hope to keep last year’s line (in terms of revenue and profitability). In 2014, we had 7-8% profitability. 2014 was challenging because of payment problems,” says Florea Diaconu.
Delta ACM 93 is one of the local companies that have bet on expansion abroad in recent years, in the context where the Romanian construction market contracted by around 45% during the crisis and new projects, either state or private ones, dwindled.
After the company won contracts in Middle East countries and Africa, it decided to set up subsidiaries in Austria and Germany in 2014.
Delta ACM 93 currently works abroad at a highway in Iraq. The company also gained a contract in the Republic of Moldova in 2012 for the construction of some roads in Chisinau, worth some EUR6 million, and in 2013 won a contract of around EUR10 million in Gabon for infrastructure in a housing district.
The company now has around 1,000 employees in Romania and 20 abroad.
“As regards the local construction market, this year’s trend depends on the investment budget allotted by the government. There’s talk about bigger sums (than last year i.e.),” says the businessman.
(English version by Catalina Apostoiu)