This year, Albalact officials expect a double-digit growth rate, above the 10 percent estimated local dairy market growth.
The company’s total revenues increased 32.4 percent in the first three months of this year, to RON 63.2 mln (€14.8 mln), while expenses rose 30.2 percent, to RON 60.8 mln (€14.2 mln). Albalact’s 2009 budget includes a RON 9.4 mln net profit, a 65 percent increase in total revenues, to RON 280 mln, and a 62 percent rise in expenses, to RON 268.6 mln.
Albalact, which acquired Raraul Campulung in 2008, plans to finalize the €2 mln investment program at the Raraul factory this year. The producer is likewise considering expanding distribution and developing large warehouses throughout the country.
The value of the local dairy market amounts to about €1 billion, with major players Friesland, Albalact, Danone, LaDorna, and Tnuva.
