The company’s profit stood at RON9.2 million last year, and Elbi Electric & Lighting expects it to reach more than RON11 million this year. Lighting fixtures contribute most of the revenue, about 60%.
“The growth we estimate for 2018 comes from the special projects we will develop this year that come from both the private sector, such as residential, commercial, industrial and infrastructure projects, and from the projects developed in partnership with the public authorities,” Cristinel Sandu, the owner of the business says.
Exports accounted for RON2.4 million last year and the local market generated the rest of the revenue. Elbi Electric & Lighting sells products in Serbia other than Romania.
Elbi Electric had 207 employees on average last year and this year set out to work with fewer people, 173.
The company’s owners are Cristinel Sandu, 97% and Dorin Crisoverghi, CEO, 3%, its officials said.
Elbi Electric & Lighting does not have manufacturing operations in Romania, it is only an importer and distributor. (EUR1=RON4.6225)
(English version by Loredana Fratila-Cristescu)