The GEALAN Group forecasts turnover growth of around 20%. After about EUR 327 million in sales in 2021, the company expects to receive EUR 390 million in 2022.
GEALAN notes that they generally dealt with two parts of the year. Until the middle of the year, there was a high demand for products. Then, demand fell due to rising inflation and higher prices, which led to the absence or postponement of construction projects. The company preyed on the fall in demand to replenish its raw material stocks.
But the company invested EUR 25 million in 2022. The current project is the construction of an automated multi-level warehouse in Germany. EUR 5 million were spent on it, and EUR 7 million are planned to invest in 2023. A new raw material warehouse was put into operation at the same plant.
GEALAN also doubled its warehouse space in Croatia and plans to do the same in France.
Managing Director Ivica Maurović is cautiously optimistic about 2023: "Next year will not be any easier. We expect a decline in sales of around 15 per cent for our industry. But we at GEALAN have already prepared ourselves in recent years and are well-positioned. Our goal: We aim to develop even better than the market!".
But, the company is leaving investments to EUR 23 million for the next year. Among the projects is the energy supply sector to be able to heat production areas regardless of oil and gas prices.
Photo: GEALAN
GEALAN uses recycled old window material in the inner core of profiles
GEALAN expects to reach sales of up to EUR 390 million in 2022
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