Ceramic tiles distributor Delta Distribution posted turnover worth 31.96 million RON (8.6 million euros) in the first quarter of the year, up 15 percent against the same time in 2007, said Denisa Stefanescu, head of the company’s communication and PR department.
The growth rate is, however, much lower than estimates made at the beginning of the year.
Delta Distribution targets a 40-50 percent increase in turnover this year, from 45 million euros in 2007, amid the expansion of the product supply available, and the opening of showrooms in Bucharest, Iasi, Constanta and Pitesti, the Ziarul financiar daily reports on April 14.
The investment into opening the four showrooms will amount to six million euros, Stefanescu announced.
The company operates 27 stores and 22 warehouses, in Bucharest and most major cities across Romania.