Formens ended 2023 with net profit of RON18.8 million (EUR3.8 million), down nearly 33.5% from a net gain of RON28.3 million (EUR5.7 million) reported in 2022, as per publicly available data.
The company reached an average number of 958 employees in 2023, 58 people more than in 2022.
The suit manufacturer has a plant in Botosani, as well as a production unit in Ukraine, which was temporarily closed due to the war.
Formens is one of the largest exporters in the field, sending abroad almost its entire output.