Lem’s reaps investment benefits with 9.4 pct jump in turnover in 2015

Newsroom 23/02/2016 | 17:24

Lem’s, Romanian distributor of furniture produced locally, has ended 2015 with a turnover of RON 279 million (EUR 62.39 million), a 9.4 percent rise over the previous year, according to a company statement. This advance was supported by an investment of RON 7.5 million into opening six new units last year, but also by the expansion of its products range.

The new stores were opened in Transilvania (Miercurea Ciuc, Alba Iulia, Sighisoara and Reghin), Moldova (Focsani) and Bucharest (inside Mega Mall) and total some 7,000 sqm.

The company aims for a 9 to 10 percent increase for 2016.

The Lem’s network was launched by Lemet as selling points for its furniture. The network spans most of the counties and total some 70,000 sqm. The Brebu factory along with the retail units employ over 1,350. The Lemet factory is active since 1991 and spans some 36,000 sqm, with an annual production capacity of 3.5 million panels.

Natalia Martian

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