“Export growth is above the European average of 9%. The increase in demand for deliveries from customers has gone up, but we’ve also gained new customers this year,” said Iulia Nartea, country manager of UPS Romania. Most of the deliveries that UPS makes for Romanian customers go to European Union destinations.
UPS entered the local market via licensed service contractor Romtrans in 1990, and in 2000 started operating via Trans Courier Service, a Romtrans company that UPS later bought in 2008.
The company currently has 118 employees in Romania and operates one dedicated flight from the Otopeni airport daily to its main European air hub in Cologne, Germany and one flight from Timisoara to Cologne.
The company posted 77 million lei (EUR16.8 million) last year and RON885,000 (about EUR203,000), when it had 118 employees. Turnover in 2009 stood at RON58 million (EUR13.3 million), while profit reached RON439,000 (EUR100,800), according to Finance Ministry data.
In other words, the company successfully increased its sales and profit even despite the crisis.
Iulia Nartea is confident that UPS will post good results next year, too. She did not provide any details on the company’s projections, though.
(EUR1=RON4.3564)
(English version by Loredana Fratila-Cristescu)