“The first quarter was similar to the first quarter of 2024, without much growth in revenue, but with much higher expenses compared with 2024 and a decrease in profit. This year we budgeted to reach EUR10 million in revenue, but we expect higher figures in third and fourth quarters,” Evopack owner Cosmin Vacariu told ZF.
Last year, the company opened a subsidiary and warehouse in Budapest as part of its regional expansion plan, following a EUR1.1 million investment.
Also last year, the company invested EUR1.8 million in two new lines for the production of food cartons and new warehousing facilities. Moreover, the manufacturer entered a new niche market with its organic cutlery in large hypermarket chains.
(English version by Loredana Fratila-Cristescu)