Flanco wants a market share of 12 percent this year

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.

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