Aliz Kosza, Fabryo: We expect 10% growth this year

Varnish and paint producer Fabryo Corporation, held by Oresa Ventures investment fund, has revised its forecasts for the 2010 turnover from stagnation to a 10% rise, to 165 million RON, after sales fell "insignificantly" in the first four months of the year. Although the construction sector continued to see a major decline in the first part of the year, Fabryo representatives say promotional investments were behind the very low sales decline.
Aliz Kosza, CEO of Fabryo Corporation, says the first quarter was not better than last year because there were two months of harsh winter weather, and Easter came earlier, with the first conclusions on the progression of market consumption to be drawn at the end of June.
The growth budgeted by Fabryo is based on sales of colour-mix paint (the company has 600 colour mixing machines), of mould-proof Savana cu Teflon, and of Innenweiss paint (the company's cheaper brand), sold as of this year together with dyes.
"We will open another eight showrooms this year, in addition to our current 23," Kosza says.
The company posted a 150 million-RON turnover last year, down 7%, while its net profit amounted to 5.7%, compared with a 1 million-RON loss recorded in 2008.