Domo revises turnover estimates downwards - Azi

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Lorand Szarvadi, the chief executive of electronics and home appliances retail network Domo, taken over by investment fund Equest Investment Balkans (EIB) last year, has revised 2008 turnover estimates downwards, as a result of the slower performance in the first half.

"The budget needs to be revised to 240-250 million euros for this year. After a 58% increase in 2007 we budgeted 40% for 2008, but we will only get 30%", Szarvadi stated.The retailer had initially estimated a 270 million-euro...

Read the whole story in: Ziarul Financiar