The opening of the new services center, the largest operated by the company in Bucharest and Ilfov, is part of the group’s expansion strategy in 2020, and comes less than two weeks after the opening of 1,500 sqm store in Lugoj, following an investment of over EUR5 million.
Altex operates over 120 stores under the Altex and Media Galaxy brands and two online stores, for each of the two brands.
The retailer had a turnover of RON4 billion in 2019, up nearly 15% on the year, a net profit of over RON75 million, up 19% on the year.
Altex previously said it would invest over EUR27 million in in 2020 in expanding its network, modernizing the infrastructure and in technology, from its own funds and loans.