Net profit went up 43% to RON192 million, according to Finance Ministry data.
“The weather at the beginning of the year was mild and suitable for construction, so sales in the first part of the year were higher. Other factors that contributed to the increase in Dedeman’s first half results were the opening of new stores and economic and consumer spending growth,” Dragos Paval, who built Dedeman together with his brother Adrian, told ZF.
The company currently has 41 stores in Romania, after having opened a store on Theodor Pallady Boulevard in Bucharest by the entrance to the highway to Constanta.
Dedeman posted RON3.4 billion sales in 2014, according to Finance Ministry data and if the first half growth rate remains unchanged, it should see more than RON4 billion sales in 2015.
“I find it hard to provide a forecast, but we hope to reach the RON4 billion sales mark this year,” Paval said. (EUR1=RON4.4161)
(English version by Loredana Fratila-Cristescu)