Megapress Holdings to invest 121 million euros in production consolidation
Megapress’ 2007 investments stood at 4.8 million euros and they were channeled mainly into purchasing a rotary press that prints 32 pages a minute for magazine printing, and the related equipment.
Following the conduct of an 11-million-euro development project, the company is now estimating a 22% increase in the business turnover of the printing house.
The Megapress official says that the company may increase its investment budget to 20 million euros in 2010, depending on the developments in its growth.
„For the time being, I do not feel like pulling out of the company, and were I to give away up to 80% of the shares I would prefer to select a strong client that possess the required knowhow,” he says.
The company has been valued by its majority shareholder at 15-18 million euros, by dividing the operational profit to 7. In the printing business, the computational coefficient is 8.5, at the most.
Megapress’ customer portfolio comprised retail traders – Real, Metro Bulgaria and Moldova, for which it prints ad pamphlets, as well as the Publimedia, RINgier and Intact media holdings.