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Pambac’s business stagnated at the Q1 2008 level

Publicat la 16.04.2009, 21:00:00

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Pambac’s business stagnated at the Q1 2008 level

For this year, the company’s management is considering two scenarios, an optimistic one, expecting turnover of €53 mln, and a pessimistic one, which includes a 15 percent drop (computed in lei).

“We cannot plan anything , or draft the budget for more than two months, considering the fluctuations of the exchange rate,” the company’s General Manager, Alin Giurea, told Business Standard.

Exchange rate fluctuations have generated some €1 mln in losses in December 2008, almost double those registered in the remaining 11 months of last year.

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