2016 was the best year in Altex’s 25-year history after its business surged 40% in 2016 to RON2.7 billion, on a market growing 10%.
The business value places Altex owner Dan Ostahie among the top three entrepreneurs in Romania, after Paval brothers (Dedeman) and Zoltan Teszari (RCS-RDS), according to ZF data.
Altex Group holds 98 physical stores under two de magazine brands, namely, Altex and Media Galaxy, located mainly in Romania’s large cities and medium towns. The company also operates online.