Romanian Flanco December Sales Rise 40% On Year
Romanian IT and electronics retailer Flanco posted a 40% increase in its sales to around EUR19.5 million in December and estimates full-year sales have reached EUR110 million, 38% higher on the year, general manager Adrian Olteanu said Wednesday.
“The evolution is in line with our expectations, on the backdrop of a territorial expansion and dedicated measures to improve efficiency,” Olteanu said in a statement.
He said Romanians were most interested in flat TV screens, notebooks and freezers in December, covering over half of Flanco’s sales during the busiest month of the year.
Overall, Romania’s IT and electronics market posted a 20% increase on the year in December, according to Flanco estimations.
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