For 2014, the company forecasts total revenue worth EUR41 million, 16% more than last year. Sortilemn is one of IKEA’s 16 local suppliers.
“In the first half of this year, the market expanded by around 20% from the same period of last year, but for the coming period we see things stabilizing. The main growth drivers are the creation of new production capacities,” stated Michael Brandhuber, general manager of Sortilemn.
Sortilemn supplies almost half of total output to IKEA. The company in 2013 completed a EUR9 million investment involving the setting up of plant producing clothes hangers for IKEA.
Sortilemn is among the ten largest furniture producers on the local market, an industry worth around EUR2 billion, which grew last year owing to exports.
(English version by Catalina Apostoiu)