Bulgarian factory for radiators "Corado Bulgaria" AD reported record sales growth for 2015. Yesterday, the factory made news conference, namely to announce its results for 2015.
Production of the plant increased by 35% to 398,958 radiators for 2015. Compared to 295,187 the number for 2014. Factory marks and profit growth of nearly 50%. Only the earnings of "Corrado-Bulgaria" rose by just over 5 million. Lev of 21.121 million. Lev in 2014 to 27.629 million. Lev in 2015.
Of course there are growth of net profit of the company, respectively 1,321 million. Lev to 1.932 million
The output of the plant is extremely popular in the country and each year the plant sells about 17,000 radiator in Bulgaria. Except in Bulgaria, the production of "Corrado-Bulgaria" is highly sought after and abroad, the main markets remain Russia and the Czech Republic. Germany marks strong demand growth and the company expect a large order from there.
Overall international sales growth amounted to 34%, the most noticeable is that in Ukraine - 140% and that in Romania - 76%. Among the markets the company is still Japan, France, Sweden, Denmark and Switzerland.
The new data development investment program is worth 25 million. Lev, which must make it one of the ten leaders in the world.
In 2014. the company invested 6 million. lev in additional production capacity which require increased personnel at the plant by 11%. Since the company's management commented that currently performs the second stage of the investment program, which is due to be completed soon. 4 million. Lev invested in new capacities with which the plant will begin producing a new type of bathroom radiators.
The company is hoping that take them out of first place in sales in Europe.