What are your plans for 2023 and how did the company perform last year in terms of business and customer portfolio?
Despite the challenges generated in 2022 by the greenfield investment in our new custom-made furniture production plant, last year we achieved a turnover growth of over 10%. This year’s results are already visible, 1st quarter being closed with double production compared to previous years.
Considering the on-going projects, we estimate that we will maintain this growth rate throughout 2023, securing our plans to increase the turnover by more than 30%.
Otherwise, we intend to expand partnerships with other fit-out service providers in the market, taking into account the thoughtfulness aspect that defines us in delivering custom-made furniture production and installing services.
Since last year, we have strongly developed projects in the health and HoReCa segments, increasing their share to over 40% of the company’s portfolio.
What are the current trends in the interior design market from Romania?
Interior design and fit-out trends in the office and commercial market for 2023 in Romania are aligned with the global ones, having as priority the creation of a healthy and wellness-promoting work environment. Sustainability is at the top of the trends in 2023, materials such as wood, glass, stone, or metal being frequently used. Wellness design is conveyed in spaces with natural light, achieved by maximizing the use of glass walls and implementing high-tech digital solutions and agile workspaces, combining private and shared work areas with neutral relaxation areas.
What are the predominant industries from THETA’s client’s portfolio? Are there certain sectors that had an increasing volume of demand?
Since its establishment in 2008, THETA Furniture & More has delivered over 400,000 sqm of interior spaces, for more than 1,800 clients, local and international companies, with spaces located in the most important office areas of Bucharest.
While in the last 2 years office fit-out or refurbishment projects have predominated, health and HoReCa industries recovered strongly. In the context of office space slow-down, having our own production facilities allowed us reallocation of the production and implementation capacity to other areas such as medical, HoReCa and education. So far, the company has delivered over 1200 office spaces, 500 commercial spaces and 120 HoReCa spaces.