Last year, the Lääne-Virumaa furniture manufacturer Bellus Furniture suffered a significant loss in turnover, but managed to recover from the loss and earn more than half a million euros in profit, writes dv.ee. “In a changing economic environment, it is important to remain flexible in terms of costs in order to maintain the company’s profitability. We continue to optimise costs and improve production efficiency,” Rolf Relander, the head of Bellus Furniture and one of the owners, told Lääne-Virumaa Uudised. The company managed to achieve positive results last year by cutting costs and reducing material prices on the global market. During the coronavirus pandemic, material prices increased significantly, but they partially recovered last year. However, the demand for furniture, which also increased during the coronavirus period, has now decreased, Relander admitted. Read more on dv.ee.
