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Analiza ZF · Economic

Romanian Altex Sees 2011 Sales Up On Year At EUR200M

Romanian electronics retailer Altex expects sales to top EUR200 million this year, compared to EUR195 million in 2010, Thursday said Dan Ostahie, the company’s general manager and owner.

de Andrei Cîrchelan , Translator RO-EN 08.12.2011 · 13:58 1 min de citit

“Usually, the last month of the year contributes 15%-16% to Altex sales, but this year it may contribute some 20%. The achievement of this level depends on sales seen between December 21 and 23,” Ostahie said.

In 2010, the company posted a net profit of EUR3 million, mainly based on asset sales.

The company has 90 stores at the moment. Its main competition comes from Flanco and Domo.

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