This is the fifth year of growth for Romaqua in a row.
“The growth in revenue is because of the optimization of all the proceeds needed to run the company’s operations,” said Mihaela Draghici, PR manager with Romaqua Group.
The company made investments in its plants last year and had previously said it had budgeted EUR30 million to EUR40 million for renovating the current production facilities, investments in new technologies and in the development of a juice plant in Azuga, Prahova.
An estimate of this year’s revenue trend is hard to make, Mihaela Draghici says. Early in March, when the Romanians rushed to stock up on food and other supplies, due to the COVID-19 pandemic, the plants of the group were working at capacity and sales rose 40% in early March, compared with the year-ago period, the group said.
Market data show sales dropped back to normal after that. Summer is a very important time for the sales of beer and water producers, but sales this year are uncertain not only because of the weather, which directly influences the two markets, but also because of the progression of the COVID-19 pandemic and the closure of hotels and restaurants.
(English version by Loredana Fratila-Cristescu)