Mapei Targets 6% Higher Revenue This Year

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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.

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