Apcom’s net profit also soared, reaching RON33.8 million, from less than RON800,000 in the previous year.
Apcom thus suddenly became the strongest rival, by business size, of Network One Distribution (NOD), the IT distribution company entirely controlled by Iulian Stanciu, one of the most powerful entrepreneurs in Romania’s IT and retail fields, who also owns a minority stake in eMAG, one of the biggest online retailers in the region.
Contacted by ZF a week ago, Apcom representatives provided no details about the changes that led to the business strong increase.
“Apcom IT Distribution has been the sole authorized distributor of Apple products in Romania starting 1994 and since 1998 it has been part of international holding Midis Group. We are collaborating with a vast network of authorized partners to bring Apple products on the Romanian market,” specified Mirela Stanciu, general manager of Apcom Romania.
According to several industry sources, this was due to the decision of Midis group to shift the billing of Apple products ordered in Romania from the Hungarian subsidiary to the Romanian one.
(English version by Catalina Apostoiu)