Preh Romania posted more than RON1.37 billion (EUR279.7 million) revenue in 2022, an increase of about 18% year-on-year, according to ZF’s calculations based on Finance Ministry data. It narrowed its losses to RON60.2 million (EUR12.2 million) from RON64.9 million (EUR13.2 million) in 2021, according to public data. Preh Romania had 2,147 employees on average last year. It is currently employing 2,150 and not planning to massively recruit this year.
“The auto market has not completely recovered from the consecutive crises caused by COVID-19, the conflict in Ukraine and the semiconductor shortage on the electronic component market. As a result, projected sales, especially in Europe, were not reached so all the suppliers in the automotive industry suffered the consequences,” Mihaela Fogaciu, general manager of Preh Romania, told ZF Transilvania.
“The 2024 outlook is not likely to provide signs of optimism and strong rebound of the market to pre-Covid levels. (…) There are signs for a recover in 2025, though.”
Preh Romania has a plant in Ghimbav, Brasov County and software and hardware services centers in Iasi and Brasov.
(English version by Loredana Fratila-Cristescu)