„The results were supported by the growth of 18.7% of the sales from the B2B channel, resulting from product portfolio diversification and the involvement in infrastructure projects that generated higher volumes,” reads the company’s report.
“2023 was a year marked by significant challenges in the global and local economic context, impacting the construction sector. At SIPEX, we focused our efforts on increasing turnover and maintaining market share. Through the sales strategy adopted, we expanded our customer base and increased sales volumes in both B2B and retail channels. By consolidating the B2B segment, it now represents 40% of our turnover,” stated Irinel Gheorghe, the company’s CEO.
Assets reached RON136.2 million, up 21.6% year-on-year. The company’s net profit stood at RON11.1 million, down 44.8% from the previous year. Sipex points to the international and local economy context having hurt the field of constructions.
At the same time, operating expenses went up by 12.5% to RON308.5 million.
The company’s shares have lost 13.3% in the past 12 months amid RON2.6 million deals and a market share of RON125.5 million.
(English version by Catalina Apostoiu)