“The first quarter was the best since 2008. The weather was warmer and allowed for constructions to start, but we were also helped by the lower diesel oil prices,” said Petre Marian Milut, president and main stakeholder in Prefab.
As it launched production earlier, the company saw its sales rise by 50% against the year earlier period, ending the quarter with revenue of RON14 million.
In the first three months, Prefab produced 120,000 cubic meters of ACC, the company’s main product, which generates 80% in revenue, and Milut expects output to go beyond 450,000 cubic meters by yearend. The company should thus be able to meet its 2015 target of increasing operating revenue to RON95 million, from RON75 million in 2014, a year Milut views as “the worst in the past 16 years”.
Prefab also plans to boost profit to RON4.7 million, from RON1.1 million last year.
(English version by Catalina Apostoiu)