Interbrands Marketing & Distribution, the biggest distributor of consumer goods, posted 1.7 million-euro net profit last year, after having reported losses worth around 2 million euros in 2005.
The company posted 766.8 million-euro turnover in 2006, an increase of 26% on the previous year, and predicts it will exceed two billion dollars by 2010.
Rand Sherif, general manager of Interbrands Marketing & Distribution, says the company has always targeted a high profit, although when it comes to distribution the most important gauge of performance is sales.
The company's plans for this year include increasing its storage capacity by opening two logistic platforms in Bucharest and Timisoara, and new headquarters. Interbrands recently rented a storage area covering 15,000 square metres and office space of around 1,700 square metres in the Cefin Logistic Park, according to the real estate consulting company DTZ Echinox, the broker in the transaction.
The distributor has seen an annual 10% increase in its business in the last five years, based on organic growth. So far, the company's development has been generated by sealing strategic partnerships with some of the biggest consumer goods producers on the market. These include Procter & Gamble, British American Tobacco, Nestl? and Orkla Foods. Interbrands includes chocolate producer Cadbury among its suppliers this year, after closing partnerships with Pambac, Rockstar, Vodafone, Braun and Gallina Blanca in 2006.
Lebanese-held Interbrands entered the market in 1993, at the same time as their first supplier, American company Procter & Gamble.
The company currently employs 2,200 people, and operates a fleet of 1,200 vehicles. In 2006, the total investments conducted by Interbrands exceeded 25 million dollars, with funding coming both from bank credits and their own resources.
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