Mobexpert faces double than expected turnover drop in 2009

Newsroom 02/02/2010 | 09:58

Local furniture producer and retailer Mobexpert posted EUR 115 million in sales last year, a 21 percent drop in its sales reported in Romanian currency. The drop was bigger than estimated due to the devaluation of the RON, the company has announced. Mobexpert estimates it would post a loss or, in a best case scenario, a break even. Its retail sales dropped by 17 percent on home furniture and decorations, while the office furniture sales dropped by as much as 30 percent. The group has also seen a downwards trend in demand from external markets, which triggered a drop in production, down to 50 percent production capacity for its factories. Exports on Western markets also diminished, with a 30 percent drop last year on 2008. Last year, Mobexpert has let 14,000 sqm of retail space to third parties, dropped its investments in advertising, axed 800 staff from the group, among others.

BR Magazine | Latest Issue

Download PDF or read online: October 2022 Issue | Business Review Magazine

The October 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Globalworth Successfully Addressing Market Challenges From a Position
Newsroom | 26/10/2022 | 17:53

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue