Altex turnover grew 24%, while the durable goods market grew 12.5% during the Covid-19 pandemic versus 2019, per a GfK Pulse Romania survey.
By comparison, at the onset of the pandemic, market players expected 30%-50% declines. However, reality showed that sales neared EUR4 billion, for the first time in history, and the trend remains upward.
In the first year of the coronavirus pandemic, Altex’s net profit surged by 64% to RON123 million and employee numbered exceeded 4,000.