Exports of Electroputere Craiova went up 23 percent in 2008 to 89.76 million lei against 73 million lei in 2007, according to a company’s annual report published by the company.
Exports that reach mainly the EU have dropped from 72 percent in 2006 to 70 percent in 2008 while those to the East went up from 23 percent in 2006 to 28 percent of the total exports in 2008.
The company’s turnover stood at 183.65 million lei in 2008, with total revenues standing at 227.26 million lei and expenditure of 325.23 million lei.
Sales on the domestic market shrank from 72 percent in 2006 to 48 percent in 2008, while sales on the foreign market went up in the same period from 38 to 52 percent.
Electroputere Craiova registered losses of 97.96 million lei .
The company estimates for 2009 net sales worth 93.23 million euro and an investment program of 7.55 million euro. The company’s gross profit for 2009 was estimated at 3.81 million euro.