The company already has sales in Tunisia and Lebanon and set off proceedings to tap into the Egyptian market, being also present in 13 other countries in Europe.
“The experience gained in two decades on various external markets the good results so far in the countries where we are present make us confident in our plans for growth and expansion into these two regions of the world: Northern Africa and the Middle East (..),” stated Adorian Demeter, the founder and general manager of Dai-Tech.
Demeter also said that in order to fund the company’s expansion strategy into external markets and its objectives to develop new products, at an accelerated pace, Dai-Tech is open to accessing new funding sources, either through private equity or via listing on the Bucharest Stock Exchange.
Dai-Tech, headquartered in western city of Timisoara, had a turnover of RON25.15 million (over EUR5 million) at end-2021, up 47% from 2020, and a net profit of RON3.6 million (EUR730,000), up 44% versus 2020. Its EBITDA climbed almost 50% on the year to RON4.3 million (EUR870,000) in 2021, according to Dai-Tech representatives.