This is the highest growth posted by a retail company in a time when consumer spending appears to be increasing like it did in 2007-2008.
If the growth pace continues, Dedeman will see EUR1.2 billion revenue this 2016. The retailer, held by brothers Adrian and Dragos Paval, posted growth of more than 25% to EUR980 million last year, as well. The company officials could not be reached for comment.
The retailer budgeted RON4.5 billion revenue this year, so it could become the first entrepreneur-owned company in Romania to go over the EUR1 billion mark in a decade. Only Dinu Patriciu’s Rompetrol achieved that feat ten years ago when it was still an entrepreneurial business.
(English version by Loredana Fratila-Cristescu)