“Usually, the last month of the year contributes 15%-16% to Altex sales, but this year it may contribute some 20%. The achievement of this level depends on sales seen between December 21 and 23,” Ostahie said.
In 2010, the company posted a net profit of EUR3 million, mainly based on asset sales.
The company has 90 stores at the moment. Its main competition comes from Flanco and Domo.