Den Braven sells in ten months more than during 2009, expects EUR 37 mln turnover

Polyurethane foams and hotmelt producer Den Braven Romania posted EUR 33.7 million in turnover in the first ten months of the year, up 30 percent on the same period last year. The company already exceeded the entire sales volume for 2009, which stood at EUR 30.8 million and which was on a downwards trend compared to 2008. For the entire 2010, the company expects a EUR 37 million turnover. "The results were mainly triggered by the growth in exports, which went up by 71 percent, but most importantly, we have managed to grow sales and clients in Romania, while the local construction materials market went down by over 50 percent and almost 80 Romanian firms go bankrupt every day,” said Adrian State, general manager of Den Braven Romania. The company's sales on the Romanian market grew by five percent in the first ten months, to EUR 15.06 million, out of which PU foams, its main products, grew by 9 percent, to EUR 4.4 million. Exports reached EUR 16.6 million, up 71 percent, and PU foam exports grew to EUR 14.6 million. The bulk of export sales went to Poland, Italy, the Czech Republic and Austria. The company currently exports to 32 markets, after having entered the Vietnam, Argentina and Lithuania markets. editor@romania-insider.com