📈The company has won additional projects from existing customers, but it also has completely new clients – and among them a third of orders are from the defense industry. However, it is not only that, acquisitions are also behind the growth. If a company buys a company, it must see not only the current value, but above all the potential for further growth.
“In order for Europe to be able to satisfy the demands of its armies, it should adapt. But it has to think about whether it is really worth it to produce, for example, electric cars, when China can do it faster and cheaper, or whether it would rather not choose the production of what is technologically closer to them,” emphasizes Artur Gevorkyan, founder of the powder metallurgy company of the same name. For example, what is related to the arms industry.
The company’s revenues according to the international accounting standard IFRS increased by a quarter to almost 76 million euros last year, and this year the turnover should be approximately twenty million euros higher. “The revenues reflect the increase in armaments orders and recent acquisitions in Sweden and Poland. I believe that in the coming weeks we will complete another acquisition in Italy and thus become, for example, a direct supplier to the Rheinmetall group,” says Artur Gevorkyan.
Read the full article published on e15:
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Is the next acquisition about ammunition and weapons?
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What makes these products so special?
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Does every new project mean a new product?
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Why were there more defense-focused orders in the first half of this year than in the whole of last year?
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Why does it urgently need more employees?
Link to the interview
Europe needs to rethink what is worth producing, says founder and head of metals company Gevorkyan | e15.cz
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