Graboplast sees revenue edging up to HUF 16bn in 2011

Telco

Specialised flooring maker Graboplast expects to close 2011 with revenue of HUF 16bn, up 5% from a year earlier, chairman-CEO Peter Jancso told journalists on Friday.

The company expects to finish the year with operating profit of around HUF 500m, Mr Jancso said.

Exports, to 54 countries, generate more than 90% of Graboplast’s revenue.

Next year, the company expects stagnating sales, as increases in China and Russia offset declines in other regions, Mr Jancso said.

Graboplast employs about 550 people.

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