Altex, which is mostly a brick and mortar retail operation, posted RON3.283 billion revenue in 2017. The figures were taken from the two companies Finance Ministry filings.
eMAG, a company controlled by South Africa’s Naspers group overtook Altex as a result of a 34% growth in revenue, partly because of the integration of fashion retailer Fashion Days as of July 1, 2017, which posted RON228 million revenue in 2016.
Altex, a company held by local entrepreneur Dan Ostahie, saw growth of 19%. It should be noted that the revenue of Dante International partly includes the revenue of eMAG in other countries. (EUR1=RON4.6485)
(English version by Loredana Fratila-Cristescu)