Flanco estimates it will reach a market share of 12 percent by the end of the year, announced the company.
This will take the turnover of Flanco to a sum of EUR 120-130 million this year.
Flanco currently has 75 stores but plans to open another 5 or 6 units, of which one in Unirea Shopping Center. One of Flanco’s main competitors, Altex already has a store in this location.
Flanco estimates the market of retail of electronic home appliances and IT products will reach a value of EUR 1.1 billion, which represents a 7-10 percent growth compared to last year when the level of the market was approximately EUR 1 billion.
In picture Adrian Olteanu, CEO of Flanco Romania.
Otilia Haraga