Daniel Guzu anticipates 50-60% growth in 2010
Businessman Daniel Guzu, who collected 20m euros from the sale
of Fabryo paint producer to Oresa Ventures, a deal completed in
late 2008, says the current crisis has taught Romanian
entrepreneurs to be more careful about the indebtedness level and
companies' cash flow.
"We spent recklessly ahead of the crisis", confesses the
entrepreneur who exited the paint and varnish business at a time
when the market would grow by at least 20-30% annually, and
investors' interest in the building sector was at its
highest.
Daniel Guzu, 41, currently controls Duraziv company, with
operations on the market of dry mortars, metallic trim and paint,
which in 2009 posted 9m-euro turnover.
Guzu is now banking on the "small steps policy" in the case of
Duraziv, even though this means a lower market share and presence
on certain market niches. Duraziv's main clients are building
materials warehouses.
After the first nine months, the company's sales were 45% higher
than in the same period of 2009.
"For the entire 2010, we expect a 50-60% advance, but it all
depends a lot on what we do in the last two months of the year,
because we are taking about a weather-sensitive business. At any
rate, we want to grow further in 2011," Guzu said.