“The year 2015 shows a positive trend, with an up to 15% sales increase, 70 opened stores and new investments in store upgrades. The results also confirm the growth communicated at the beginning of the year,” Fornetti said in a statement.
The company, which went insolvent at the end of 2011, said in January it switched to profit in 2014 for the first time since the start of reorganization and hopes to exit insolvency this year.
Fornetti Romania reported an estimated profit of EUR500,000 last year and a turnover of more than RON100 million.
The company employs over 400 people.
Fornetti Romania, based in Timisoara, was founded in 2001 under a partnership with Fornetti Kft. of Hungary. The company became a master franchiser for the brand in Romania, after starting out as a distributor. The company has a pastry factory near Timisoara.