The company reported a net loss of RON85.3 million (EUR19 million) in 2016, down nearly 30% against 2015. eMAG’s overall debts stood at RON1.097 billion (EUR240.3 million) at the end of 2017, up 40.4% from a year before.
The company’s average staff number rose by 655 people to 1,990, which is also due to integrating online fashion retailer Fashion Days, which had some 400 employees.
Dante International, the company behind the largest online store in Romania, eMAG, posted RON3.309 billion lei (EUR724.5 million) revenue in 2017, up 33.9% on the year, according to Finance Ministry data.
The evolution also reflects the integration of Fashion Days, as of July 1, 2017, which had a turnover of RON228 million in 2016.