“We are counting on growth in the water equipment field, as programs financed with European funds are just now beginning,” Toma told Business Standard. However, the company will have to consider a 50 percent drop in its profit margin in 2009.
“Our profit margin will surely fall, because competition will become fierce on a smaller market. In order to survive, you have to sell at any cost, and that means lowering the profit margin,” added Toma.
Toma announced in 2008 that he would invest, with Shari Arison, Israel’s most powerful businesswoman, a minimum €1 billion in projects for the rehabilitation of Romania’s water networks. Toma was appointed Chief Executive Officer of Miya, a joint venture created with Arison, of which he controls 30 percent.
