The company believes the juice, nectars and still drinks market will recover in the future, after significant decline in the last two years, its officials say. However, they do not expect spectacular increases, but rather stagnation.
Tymbark’s revenue in 2011, its officials say, was 12% higher than in 2010, which is better than expected. Trade Registry data show the company posted sales of 244.7 million lei (EUR56 million) and net profit of RON21.8 million in 2010. Thus, Tymbark’s sales amounted to RON274 million last year, so that a 15% growth in 2012 would translate into RON315 million revenue. (EUR1=RON4.3497)
(English version by Loredana Fratila-Cristescu)