Mapei Targets 6% Higher Revenue This Year
Image by Claudio Divizia / Shutterstock.com
The local unit of Italian building materials maker Mapei targets a more than 6% increase in revenue this year, managing director Béla Markovich said this week, according to napi.hu.
Markovich said households are expected to have more money for renovation, while both local and foreign-owned companies plan significant investments.
Last year, Mapei Kft.'s revenue rose 20.9% to HUF 33.5 billion, supported by price increases driven by dearer feedstock and energy as well as the weaker forint, he added.
Markovich said a survey that Mapei conducted of 1,030 industry professionals in February showed that waiting times for contractors to start jobs from when orders were placed averaged 58 days.
A year earlier, a survey of households put those waiting times at 138 days, he added. The latest survey of industry professionals shows two-thirds plan to raise their fees this year by 14% on average.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.