Flanco aims for EUR 110mln turnover and EUR 1mln net profit by yearend

IT&C retailer Flanco posted a turnover of EUR 65 million in the first 9 months of the year.

 For the entire year 2011, Flanco estimates it will reach a turnover of EUR 110 million revenues and a net profit of EUR 1 million.

 Next year, Flanco forecasts it will reach the EUR 140 million turnover target.

 Flanco stores have approximately 1.3 million clients annually. The average value of an acquisition is RON 400 (including VAT).

 The retailer’s network will number 78 outlets, with a total surface of 42,000 square meters, which are spread over 50 cities. 

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 Flanco currently has 800 employees, out of which 200 joined the company this year, working in the network of stores and at the headquarters.

 The retailer estimates that the market of electro and IT retail market will reach the value of EUR 1.1 billion this year. Next year, the market is deemed to reach EUR 1.25 billion.  

In picture: Adrian Olteanu, CEO of Flanco

 Otilia Haraga