Marius Horbačauskas, the head of "Volfas Engelman", emphasizes the company's contributions to state finances and social responsibility in light of changing market dynamics.
In a recent commentary on the company's performance, Marius Horbačauskas, the CEO of "Volfas Engelman", highlighted that their business growth extends beyond sales figures to social responsibility. He mentioned that their tax contributions equate to approximately 7,000 average annual pensions, demonstrating their significant role in sustaining the state financially. Horbačauskas argued that social responsibility begins with how much a business contributes to the public coffers, underscoring the direct link between business operations and societal welfare.
According to data from the State Tax Inspectorate, "Volfas Engelman" has seen its tax contributions rise from around 50.9 million euros in 2023 to nearly 69.9 million euros by 2025. This increase, as per Horbačauskas, is not solely attributed to sales growth; rather, it encompasses higher wages, increased investments, and greater operational scale alongside profit growth. This holistic view of company expansion reflects positively in their tax contributions and is a testament to their strategic approach in navigating changing market conditions.
Emphasizing sustainable growth, Horbačauskas stated that the rise in tax expenditure signals positive movement for the company, showcasing a successful alignment between profitability and societal contributions. With the continued fluctuation in market dynamics, "Volfas Engelman" is committed to adopting more efficient practices to maintain its growth trajectory while fulfilling its social obligations, reinforcing the notion that business success can contribute to the greater good.
