The return to growth was mostly due to the company branching out into the TV set market.
“We’ve kept the growth rate of 20% we started the year with. The trend was mostly because of the sales of TVs. On foreign markets, demand for smartphones shrank by about 10% but orders for TVs went up much faster so the average growth rate of the sales stood at 20%,” Lucian Peticila, CEO and owner of the company, told ZF.
“We should preserve the growth of 20% for the entire year,” he added.
Allview’s sales dropped 51% to RON75.9 million in 2018 from RON156.6 million in 2017. Net profit, too, shrank by more than 80% to RON1.7 milion from RON9.7 million the previous year.
The Brasov-based company is betting on a surge in demand for Google Android-powered TVs, as more households turn to smart TVs. (EUR1=RON4.7260)
(English version by Loredana Fratila-Cristescu)