Automotive components manufacturer Compa Sibiu concluded 2004 with a net income of 1.6 million euros (64bn ROL), more than 200% higher than its profits for 2003, preliminary financial results show. The Romanian automotive components industry enjoyed a high level of foreign investment last year and is expected to see high growth rates over the coming years. Compa concluded a number of partnerships with international companies in the same industry and it is from this area that it makes a significant share of its profits. The large profit increases have turned Compa, a company listed on the Bucharest Stock Exchange, into one of the most profitable placements. Since early last year the company's stock price has increased almost nine times, partly due to the foreign investors buying into it. The sales of the automotive components manufacturer amounted to nearly 41 million euros (1,667bn ROL) in 2004, with exports accounting for almost half of this figure. Turnover was 57% higher than in 2003. The main event on the Romanian automotive market last year - the launch of the Dacia Logan - did not have much of an impact on Compa's business. Compa is the main manufacturer of automotive parts in Romania. ZF
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