Construction materials manufacturer Ceramica Iasi, controlled by American investment fund Advent International, will record an around 3-5% slowdown in the turnover growth rate, to around 16 million euros, compared with the level forecast at the beginning of the year, amid a reduction in demand for construction materials. Ceramica Iasi, a RASDAQ-listed company, estimates to see a reduction of the 3 million-euro profit forecast at the beginning of the year, due to the RON depreciation and to the rise in production costs. "Our financial results for this year are affected by the depreciation of the RON, because our sales are in RON and our utilities - electricity, gas and diesel oil are in euros. The exchange rate surpassed our forecasts, influencing our turnover. We also expect production cost rises in the coming period, due to the increase in the price of raw materials," Iulian Mangalagiu, general manager of Ceramica Iasi told ZF.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
