Lithuanian furniture manufacturer Narbutas reports record turnover again

In 2016, the Lithuanian office furniture maker Narbutas reported a turnover of € 33.1 million. Now the company states in a press release, their turnover in 2017 grew with 53%  to € 51 million. In line with their increasing turnover, the EBITDA also improved, and amounted to € 10.7 mln.
“Our successful results are driven by new and in-demand products, competitive pricing and active sales growth. We currently export office furniture to 51 countries and we have over 440 trading partners. The fastest growth in sales was recorded in our largest export market – the United Kingdom, as well as France, Germany and the United States. We actively strengthened our position in Italy, Switzerland, Austria, and we are glad about the results in the Middle East, “said Gabriel Vaitonytė,

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *

ten + 2 =