“Our target is for eMAG Romania to grow in fiscal year 2025 by somewhere between 11% and 15% (…),” Tudor Manea, CEO of eMAG Group, said.
“As a group, we are aiming for double-digit growth, somewhere between 11 and 15% again”.
The retailer estimates the entire ecommerce market in Romania will grow by 10% this year.
The group will invest RON900 million in the current fiscal year, which ends in March 2025.
“We have an investment plan of RON900 million across the entire group. What do we want to invest in? First of all, we want to invest in acquisitions and in the expansion of the companies in the group, in Romania, Bulgaria, Hungary.”
The group intends to invest RON320 million in this, Tudor Manea added.
eMAG’s investments will also go towards shortening delivery times. Last but not least, towards the expansion of product ranges, both in eMAG Romania, Bulgaria, Hungary, but also in the other group companies, such as Fashion Days.
(English version by Loredana Fratila-Cristescu)