For the current year, EnergoBit has estimated 20% revenue growth, to a consolidated figure of around EUR211 million, according to ZF calculations. Moreover, EnergoBit this year plans to acquire some smaller domestic companies in a bid to strengthen its business.
Stefan Gadola, the company’s executive vice-president and one of its founders, did not provide further information on future acquisitions.
As regards investments, EnergoBit has not made a decision on photovoltaic park projects, yet. “We’re waiting for a decision from the government and until then we are taking investments in micro-hydropower stations and wind energy projects further,” said Gadola.
The company has so far finished two micro-hydropower stations of 1MW each so far and the project is part of an overall EUR20 million investment project.
EnergoBit is also carrying out a wind power project due to be completed by yearend.
Amid domestic market legislation hurdles, EnergoBit has eyed foreign markets, tapping countries such as Tunis, Algeria, Macedonia or Serbia, but also plans to expand to Hungary and Poland. For 2014, the company bets on 20% export growth, so that the weight of exports should reach 30% in total revenue.
EnergoBit this year plans to hike headcount by at least 10%, to around 1,000 employees.
(English version by Catalina Apostoiu)