Its profit fell by 11.5% on the year to RON114.6 million in 2022, as per data provided by company officials on Wednesday (July 12).
To maintain growth, the company’s plans target investments of over EUR17.5 million in 2023 to expand the network of Altex and Media Galaxy stores, for digitalization and process automation projects, as well as for the development of new categories of complementary electro-IT products.
The retailer has also invested in consolidating its online presence, with its latest initiative targeting the Altex marketplace, a project started at end-2022, which is an alternative platform for other merchants willing to sell their products through the website www.altex.ro.
Altex Romania’s headcount totals 4,016, higher by 1.5% compared to 2021.
The retailer has more than 120 physical stores in Romania operating under the Altex and Media Galaxy brands and believes there is still room for further expansion.