In 2013, the company gained around RON1 million. However, the company’s revenue dropped by 2% against 2012, to 587.8 million (EUR133 million), the data showed.
The group’s portfolio includes Borsec brand, the biggest on the market of natural mineral waters, as well as Aquatique, Stanceni or Giusto brands.
Romaqua Group representatives did not answer ZF’s questions about its financial and sales figures.
Borsec in 2013 weighed 56% in the company’s revenue, according to company data. According to ZF calculations, Borsec brand’s sales revolve around EUR70-75 million annually.
On the mineral water market, valued at 300-350 million euros annually, Borsec vies with brands such as Dorna, Izvorul Alb, bottled by Coca-Cola HBC Romania, with Bucovina brand owned by Rio Bucovina or Perla Harghitei, natural mineral water produced by the company of the same name.
In 2013, Romaqua held 28%-30% of the domestic mineral water market, according to company data.
Romaqua leads in the ranking of the biggest bottlers of natural mineral water, with around 380 million liters, according to data provided by mineral water producers’ association APEMIN.
In a domestic economy where multinationals have invaded the main markets and imposed their own brands, the mineral water market is one of the few ones where international brands could not battle Romanian brands.
The portfolio of Romaqua Group, owned by Romanian entrepreneurs Octavian Cretu and Nicolae Palfi, also includes soft drink brands such as Giusto or Cico, and beer brands, such as Albacher, Dorfer, Mulbacher.
Romaqua owns a brewery in Sebes, launched six years ago in the wake of RON140 million worth of initial investments.
Romaqua, Romania’s biggest group in the beverage industry, with almost 2,000 employees, is among the first businesses set up by Romanian entrepreneurs in the first years after the fall of communism.
So far, the two entrepreneurs have invested more than EUR220 million to develop the company. Romaqua owns six plants domestically, according to the latest data.
(English version by Catalina Apostoiu)