Mapei targets 19% revenue rise

Construction

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The local unit of Italian building materials maker Mapei targets a 19% revenue rise to HUF 33 billion this year, Mapei Kft. managing director Béla Markovich said yesterday, according to piacesprofit.hu.

Last year, Mapei's domestic sales climbed 22% to HUF 27.7 bln, rising well over the 13% expansion for the industry as a whole, Markovich noted.

He presented a representative survey showing that people who placed orders with skilled laborers for building industry work in February had to wait 138 days, on average, for those contracted professionals to start the job.

Markovich added that the approaching deadline for using home renovation subsidies at the end of the year is driving demand.

Waiting times for skilled professionals were most protracted in the north and east of the country and shortest in the southwest, where fewer professionals are working abroad, and the scale of construction industry investments is moderate, he said. In terms of professions, waiting times were longest for heating, ventilation, air conditioning and other building installation technicians and shortest for masons.

The survey showed inflation impacted construction and renovation plans "to a certain degree" in about one-third of cases.

Fielding questions, Markovich said he expects building materials prices to climb 10-12% during the rest of the year.

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