In 2011, eMAG.ro posted a 42% rise in sales, to EUR145 million.
“2012 was the best year for Dante International, we’ve gained experience and we attracted a strong partner in South-African Naspers. We’ve also expanded our product range and expanded to Bulgaria,” Stanciu told a news conference, adding the company plans to expand t pother markets in the region.
He added having Nasper as a shareholder in Dante International will bring stability and will allow the company to make long term plans and investment.
“In 2012 our investments totaled EUR5.5 million, 3.3% of sales. We invested EUR3 million in the company’s IT&C infrastructure and EUR2 million in logistics,” he said.
At the end of July 2012 Naspers announced it took over 70% of Dante International but did not disclosed the deal value.
Last year, the local IT and electronics market increased 4.5%, to EUR1.25 billion.
“The market will continue to grow in the next years but not at a swift pace,” said Stanciu.
Stanciu said eMAG.ro expects its sales this year to near EUR200 million and hit EUR1 billion in five years.
“The growth will be driven by a wider range of products to include fashion, cosmetics, car tires and car parts and fast moving consumer goods,” he said.
Dante International plans to invest around EUR6 million this year in expansion and employee training.
eMAG.ro ro is one of the largest online stores in Romania, launched in 2001 as an online vendor of computers and office supplies.
The online store is owned by Dante International, which is in turn owned by Dante Adnew Retail – 80.67%, MIH Allegro BV (Netherlands) – 10.91%, and businessman Radu Apostolescu – 8.42%. Dante Adnew Retail is controlled by MIH Allegro BV- 73.2% and Stanciu – 26.7%.