Simpo sales in eight months amount to EUR 19 million – August production increases by 140%

Simpo has made good business results since the beginning of the year and the management expects that the company will be in the black as soon as early 2017, says Sladjan Disic, general manager of Simpo. He stated that the salaries in the company were paid regularly, parallel with the payment of due liabilities on the basis of interests and loans from banking institutions.

The results are due primarily to sales of their main products.

– In eight months, the sales amounted to EUR 19 million, which is an increase by around 19.1% compared to last year. EUR 11 million alone comes from export, EUR 4.3 was made in retail, EUR 2.7 million in local wholesale, whereas the remaining million comes from various sales – Disic said and added that the percentage in certain production segments had increased by around 40% relative to 2015, whereas in August it had amounted to as much as 140%.

Simpo employs 2,562 workers, of which 1,704 in the parent company.

– Our salaries amount to RSD 31,000 on average. There have been 16 payments since the beginning of 2015, amounting to RSD 832 million. In the same period, RSD 150 million has been set aside for the purposes of the social program, whereas RSD 95 million has been spent to pay the liabilities arising from court rulings.

This year, Simpo was employed on equipping four hotels in Croatia and Montenegro thanks to guarantees by the Serbian Export Credit and Insurance Agency.

Simpo a.d. Vranje

AOFI

Simpo Vranje

Sladjan Disic

furniture manufacture

Serbian Export Credit and Insurance Agency

Simpo operations