“We’ve budgeted higher turnover in 2022 as we have new clients, new products and interesting projects”.
Holmberg Safety Systems, the former Te-Rox Prod, in 2021 generated turnover of almost RON70 million, 1.7% below the 2020 level. 2022, expected to be one of post-pandemic revival, comes with its own challenges.
Te-Rox Prod was in 2020 bought by Sweden’s Holmbergs. The entrepreneur did not unveil the deal value, but it stood below EUR10 million in line with ZF data.
The Swedish group has a long-term development plan in Romania. Despite the current economic and geopolitical situation, Holmbergs is carrying out several projects. The group plans to attract as many clients as possible. Holmbergs does not target high profit as long-term development entails ongoing project funding, according to Doina Cepalis.
In 2021, Holmbergs Safety System saw its net profit slide by almost 90%, to just RON430,000. The group has 600 employees in Romania, but plans to hire another 50 people.
(English version by Catalina Apostoiu)