It also remains the largest Romanian-owned exporter, a position it claimed in 2014, data supplied by the National Statistics Institute (INS) show.
INS does not provide data bout export value per company but ZF’s calculations show Aramis Invest to have exported EUR220 million worth in 2018.
“Aramis Invest posted 1.07 billion lei (EUR230 million) revenue in 2018, 95% of which generated by exports,” chief financial officer Alexandru Griguta told ZF.
Aramis is the largest entrepreneurial manufacturing business and the only entrepreneurial company with industrial operations to overshoot the RON1 billion sales mark. The Baia Mare manufacturer had more than 4,500 employees in 2018 and its revenue and headcount remained the same in 2017 and 2018. The completion of a three-year EUR30 million investment program showed in the results, with the company doubling sales in 2015-2017.
“We expect and still want to keep growing. The focus will be on efficiency over the next two years, we’re coming out of a three-year investment cycle and now need to create the resources to fund the next investment cycle,” the CFO of Aramis Invest added.
Production of the Baia Mare business depends on a single large customer, Sweden’s furniture retailer IKEA. It was only in recent years that Aramis owners decided to take the step towards the local market with the Aramis Feeling brand.
(English version by Loredana Fratila-Cristescu)