“(One of the plans is i.e.) to increase production capacity, with a special investment in the Ploiesti plant. We are also investing in accelerating digitization,” says Marius Dragne, CEO of Xella Romania.
No data on the company’s financial results in 2021 are available yet, but last year was a good one, despite the uncertainties, he added.
“If I had to choose one word that would best describe 2021 it would certainly be resilience. The year 2022 started intensely and extremely volatile, with extreme inflationary pressure driven by energy cost developments and further reflected in all other cost elements.”
In 2020, Xella posted RON348.3 million (EUR72.3 million) revenue, up 70.5% on 2019, according to ZF calculations based on data from the Finance Ministry. The company made RON73.4 million (EUR15.2 million) net profit, almost 2.5 times higher than in 2019, when Xella RO made a net profit of more than RON29.8 million lei (EUR6.3 million), according to public data.
(English version by Loredana Fratila-Cristescu)