Apa Nova posts turnover worth €58.8 mln in H1

On average, the company invests some 25-30 percent of turnover. Last year, Apa Nova posted €112 million in gross revenue, with the value of investments worth €27.5 million, of which €21.3 million and €6.2 million in the public and private domains, respectively. In the first quarter of this year, Apa Nova had a turnover €1 million lower than that in Q1 2007, of €26.7 million, due to the depreciation of the leu to the European currency. “Turnover is set in lei, and drops once it is converted to euro. The largest part of exploitation costs is expressed in local currency,” according to a recent declaration for Business Standard by company officials.

As of 1 October 2008, Bruno Roche is Apa Nova Bucuresti’s new General Manager. He previously served as General Manager of the company’s Ploiesti branch, which posted turnover in 2007 worth €10 million.

Apa Nova Bucuresti, subsidiary of Veolia Apa, was licensed for a period of 25 years to provide public water and sewage services to the city of Bucharest.