The company aims to acquire new companies, increase market share up to 11% and a turnover of 25 mil EURO by 2024
Bucharest, April 28, 2021 – THETA Furniture & More, one of the largest local integrators of interior design & fit-out solutions, announces its intentions to increase market share up to 11% and the turnover up to 25 mil EURO by 2024.
The year 2021 had a promising start for the company, with signed contracts worth over 4 million EURO in January – March, representing a double value compared to the same period in 2020. “We intend to close the year with a turnover of approximately 12 mil EURO “, estimates Florin Gheorghe, Co-founder & CEO of THETA Furniture & More.
“The year 2020 has been also a challenging year for us, as for the entire industry, from all points of view, especially since the unpredictability factor had a great impact on many areas of activity we are working with, for example the office sector. We focused quickly on solutions therefore the transaction sale, in the middle of 2020, of 50% of the company to the Black Sea Fund, is a wise decision and a solid partnership, which works well for both parties.“ – completes the representative THETA Furniture & More. THETA sold, in July 2020, 50% of the company to one of the largest local investment funds, which thus became the company’s shareholder.
THETA Furniture & More is the only local integrator of interior design & fit-out solutions that has its own production factory, near Bucharest. With an initial area of 700 sqm, the factory currently has a capacity of 5,000 square meters, and the company intends to expand it in the near future. THETA Furniture & More factory works with modern materials, innovative accessories and uses state-of-the-art technologies in creating custom furniture, smart ceilings, practical floors, lighting fixtures and more. The company collaborates with important architects in the field and has exclusive partnerships with renowned materials manufacturers and standard furniture products.
