Boromir expects 170M-euro sales

Boromir a top producers in the milling and bakery industry, in Ramnicu-Valcea (south) ended the year with a turnover by over 25% higher than last year, namely about 600 million RON (more than 166 million euros), the Ziarul financiar reads on Aug. 27.
"The growth rate of the Company's turnover over the last five months of 2008 will stand at 15% compared with the same time in 2007. The annual average in 2008 will be approximately 25% compared with 2007," Boromir Group's general manager and shareholder Constantin Boromiz told the newspaper.
Boromir posted 100.7 million-euro turnover in the first seven months of the year, an increase of 42% against the same time in the previous year and a gross operating income (EBIT) of 4.2 million euros.
The Company plans to invest 5.5 million euros in 2008 to build a frozen pastry unit in Ramnicu Valcea, a pretzel unit in Buzau (south) and in vehicles, whereas more 50,000 euros will go to the promotional budget, the Ziarul financiar concluded.
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