“We saw growth of more than 45% in the first nine months off the year and the growth will continue at the same rate for the entire year. This is the result of the investments made in the last few years,” Stanciu said.
“Our model is to spend money first and reap the rewards later. We’ve invested more than EUR100 million in all the countries we operate in in the last few years.”
Dante International’s revenue went up by more than 50% to RON924 million in the first half, while net losses stood at almost RON46 million.
The company held by South Africa’s Naspers has made significant investments in the development of its e-commerce platform in the last few years, going from 5 or 6 programmers in 2010 to a team of 500 IT experts at the moment.
eMag also operates in Bulgaria and Hungary, and has recently started operations in Poland. (EUR1=RON4.5037)
(English version by Loredana Fratila-Cristescu)