The profit went up 28% year-on-year to RON1.64 billion.
The expansion of the network also led to a rise in the number of employees, with headcount reaching 11,400 on average in 2020. Dedeman’s net profit margin was 18% last year.
Bacau-based Dedeman also climbed six places in the ranking of the largest importers in Romania’s economy to 30th place, National Statistics Institute data show. This is the first time the company held by the Paval brothers entered the top 30 importers, after having been among the top 50 in each of the last five years.
“Imports generated 13.84% of the revenue of the company in 2020 and the 86.16% difference comes from the sale of the products purchased from Romanian suppliers. Although imports account for so little in the revenue, we are 30th among the largest importers in the economy because our revenue is very high. However, although we are the tenth largest company in Romania, we are only 30th largest importer,” Dedeman officials told ZF.
(English version by Loredana Fratila-Cristescu)