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TTT generates 70 per cent revenue from exports

Croatian Trgovišće Textile Factory (TTT), whose tablecloths and napkins decorate the tables and can be found on the bedding of some of the most expensive hotels in Europe, has posted a revenue growth of 9 to 36 million kuna in the last five years. Around 70 percent of this revenue is generated by exports alone.

The company supplies one-third of its products to the largest domestic (Croatian) hotel names like Plava Laguna (Blue Lagoon), Maistre, Blue Sun, etc. The rest of the company's promising revenue is earned across the rest of the world, mostly in other European countries in addition to the United Kingdom, such as Switzerland, Germany, Sweden, and Iceland.

The company, which currently employs 85 workers and still supports 30 jobs at its suppliers, almost went bankrupt owing to the collapse of its biggest Italian customer. It the decided to look for other foreign buyers and rely on the help of the Croatian Bank for Reconstruction and Development (HBOR), whose export finance and payment instruments have been used regularly.

 

 
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