Trimo Boasts Double-Digit Growth
Trimo, the Trebnje-based maker of prefabricated components for the construction industry, posted sales of EUR 134.2m for 2006, an increase of 31% year-on-year and significantly above plans. Net profit soared 38% to EUR 4.8m, Trimo chief executive Tatjana Fink told the press on Tuesday.
Productivity per employee increased 6% to EUR 47,154, which Fink said was a crucial indicator for the company in terms of securing growth, shareholder value and appropriate wages.
Sales expanded on all markets, but growth was fastest on the domestic market, which Fink attributes to the greater number of engineering projects, mainly for shopping centres.
Together with its subsidiaries, Trimo earmarked some EUR 12m for investment. It also launched subsidiaries in Romania, Bulgaria and Spain, which the company considers as key growth markets.
In 2007 Trimo plans to increase sales by 7% and net profit by 6%, especially as a result of the growth of subsidiaries.
The production of construction panels in Russia will be upgraded, a new factory in Serbia will be launched and a new facility for the manufacture of containers built in Dubai in a joint venture with a Danish partner.
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