Last year, COS, a company with 50 employees, completed projects worth 71 million lei (EUR16 million) and in 2015 expects to sign projects standing at RON80 million (EUR18 million).
Bucharest is saturated, and companies are looking at Cluj, Timisoara, Iasi.
Last year, COS, set up by Christopher Weller 18 years ago, carried out projects for Deutsche Bank HQ in Upground Business Centre, King and Pay U in Opera Center, BASF and Saint-Gobain in Floreasca Business Park, Abbvie in Lakeview Building.
Christopher Weller, French-born, has two partners in the local business of COS. On the segment of office furniture, COS has 5-7 rivals in Romania, a much lower number compared with Russia, where there are 10-12 companies.
In drafting its annual budget, the company draws up a list of potential projects, both on the basis of old clients announcing expansion plans, and on new ones tapping Romania.
We have over 1,300 clients and the main ones told us about their growth plans. We also detected new clients. The total number of these projects is higher than ever. 2015-2016 looks highly promising, said COS head, adding he set the target at EUR18 million with the hope of changing it to EUR20 million.
He characterized 2014 as a good year, with no major contractions from one period to another as it used to happen in the past. The number of projects COS completed in 2014 was higher, but the company’s revenue was flat at EUR16 million.
(English version by Catalina Apostoiu)