Macromex posted sales of EUR99 million in 2010, and estimated an overall turnover of EUR96 million for 2011. Forecast for 2011 earnings before interest taxes depreciation and amortization, or EBITDA, was at EUR3.9 million, slightly down from EUR4.1 million a year earlier.
The company mainly works with clients from Bulgaria, France, Sweden and Finland. Last year, Macromex hired 70 people on external markets, who make up nearly 20% of its 372 employees.
Macromex opened a subsidiary in the Czech Republic in 2007, the first company set up by Minulescu outside Romania. Company officials did not provide further details on the activity of the Czech subsidiary, but estimate that over 30% of Macromex’s turnover will come from abroad this year.
“The Romanian market conditions are still difficult. The fierce competition between retailers, the lower purchasing power, and the pessimism, all contribute to the downward trend,” said Dan Minulescu.
(English version by Daniela Stoican)