Brasov-based Visual Fan posted 274.03 million lei (EUR60.4 million) sales in 2015, down 0.89% on the RON276.1 million of 2014.
Sales went from RON9 million in 2011 to RON276 million in 2014, according to the Finance Ministry website.
The company posted RON16.6 million net profit in 2015, down 41% on the previous year and had 155 employees, 7 more than in 2014.
Visual Fan accounted for about 10% of the smartphone sales in Romania last year, as well as for 7% of the spending on smartphones of Romanian consumers.
The year 2015 was highly competitive on the local smartphone market as companies like Huawei and Lenovo decided to be much more active besides market leader Samsung. Huawei even replaced Allview as number two on the market by volume for a while last year.
Allview’s sales were most likely also influenced by the about 20% decline of the tablet market in Romania last year.
Visual Fan expects growth of 10% this year, Lucian Peticila, majority owner and chief executive said at the ZF Mobilio ’16 conference in Bucharest in May. (EUR1=RON4.5366)
(English version by Loredana Fratila-Cristescu)