Judging from the financial results, 2018 was the best year for the company that has an over 25-year history in Romania.
Altex Romania is the third largest Romanian entrepreneurial business by revenue, after Dedeman (DIY retail) and Fildas Trading (pharmaceuticals).
The retailer built by entrepreneur Dan Ostahie is the undisputed leader of the computer and electronics market and its growth trend continued into the first few months of 2019, despite a market decline that market research company GfK announced.
“The GfK report on the computer and electronics retail market talks about a decline in the sector. We are not in line with the trend they dictated; we even had growth across all product categories in the first quarter. Our good results are because of the omnichannel model. Some actors may have missed a step in this trend,” Edvin Abdulachim, chief commercial officer of Altex said during the ZF Retail 2019 conference.
Altex has both brick and mortar and online stores. It has more than 120 brick and mortar stores under the Altex and Media Galaxy brand.(EUR1=RON4.7621)
(English version by Loredana Fratila-Cristescu)