“We continue to develop but we’ve reached that level of business when we need to start over, so my concern is to secure the business because I don’t expect the next two years to be that good. We will have two bumpy years and nothing great will happen in Romania,” Ioan Popa said at the `Romania 100 de ani de business’ (Romania 100 years of business) conference organized by ZF in Alba Iulia.
“I am ready to make balanced acquisitions. I’m not looking to buy a company the size of Transavia, but a smaller one. I am optimistic, I’m not worried about my company over the next two years.”
Transavia, which includes the company by the same name in Alba County and producer Avicola Brasov, posted EUR145 million revenue in 2017, up 3.5% in euros.
Ioan Popa says his business has been seeing double-digit growth this year and he set out to achieve growth every year in the 28 years he has had Transavia.
(English version by Loredana Fratila-Cristescu)