The company targets a turnover of RON10 million this year.
During a difficult year on the local market, most of Raiko’s sales came from exports in 2020.
Raiko Transilvania’s assets grew to RON5.3 million in 2020 from RON3.8 million in 2019.
The company also entered the solar power market last year, launching two products in collaboration with partners in the UK and Lithuania.
Raiko plans to continue investing in the solar power segment this year. It also seeks to expand its exports, relocate its headquarters to Turda and open a branch in Poland.
Established in 2014, in Capusu Mare (Cluj county), Raiko Transilvania manufactures drainage systems and produces, sells and distributes complete high quality roof systems and photovoltaic roofs.
The company’s products are present in 22 outlets on three continents, of which the most important markets are Sweden, Finland, Lithuania, Latvia, Estonia, Russia, Belarus, Ukraine, Czech Republic, Romania, and Slovakia.
The company has a stock market capitalization of RON14.4 million and its shares started trading on the Bucharest stock exchange in April this year.