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BLRT aims to reach billion euros turnover in 2011
Juhan Tere, BC, Tallinn, 18.04.2011.
Print version
Print versionFeodor Berman, the owner of one of Estonia's largest industrial conglomerates BLRT Group, is confident that the recession has made the group stronger than ever, and its annual turnover could reach one billion euros, as LETA/BBN reports referring to Aripaev.
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Berman said that the short-term objective is to reach one billion euros in annual revenues.
Speaking of the crisis, Berman said that it was a good thing that, unlike the government, the Estonian media started to talk about the crisis already in 2008.
"This helped to avoid the problems that we saw in Lithuania, for instance," he said, adding that he sees light at the end of the tunnel.
The company ended 2008 with revenues of over 500 million euros and a profit of almost 40 million euros.
Last year the results were 304 million euros in revenue and 23 million euros in profit.
The company is also a big exporter, having exported 85% of its output last year.
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