Devin expects revenues of BGN 82m and profit of about BGN 3m for 2009
13.02.2009
Source: Investor.bg; FFBH
Devin forecasts its 2009 consolidated revenue at BGN 82m with a net profit for the year of about BGN 3m, based on the added sales of the juices Granini and the company’s sales on the Romanian market. For 2008 the consolidated revenues and profit were BGN 69m and BGN 0.8m, respectively.
The company expects a decrease in production expenses in 2009, as a result of new machines installation and with the assumption that the oil price would remain low.
Devin would focus on the establishment of its brand on the Romanian market in 2009, which would require initial sacrifice of margins. It targets a market share of less than 1% on this market for 2009.
According to the company, it holds a market share of 35% (in volume) and 70% (in value) on the Bulgarian energy drinks market currently.