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Prista Oil targets 33 per cent sales growth in 2011

Thu, Nov 18 2010 10:26 CET

byDnevnik.bg

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Prista Oil targets 33 per cent sales growth in 2011

Photo: Julia Lazarova

Bulgarian lubricants manufacturer Prista Oil Group, controlled by Atanas Bobokov and Plamen Bobokov, expects to see its sales rise by 33 per cent to 400 million euro in 2011, one of its owners said as quoted by news agency Reuters.

The growth will be chiefly powered by the anticipated rebound in the company's sales abroad, in particular Turkey and Central and Eastern Europe, Plamen Bobokov told Reuters.

Prista Oil also projects a 67 per cent jump in consolidated revenue in 2010 to 300 million euro compared with 180 million euro a year earlier, as well a gross profit of between 27 million and 29 million euro versus 22 million euro in 2009.

"We have worked to enter new markets, and we have increased our exports. Next year, we will fully focus to expand our sales in Turkey and Central and East Europe," Bobokov said.

In 2012, Prista Oil will seek to enter northeastern Europe, in particular Poland, Ukraine, Belarus and the Baltic states.

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