“We were somewhat on schedule, we had budgeted 10% growth for the first six months of the year,” said Adrian Mihai, the company’s youngest shareholder and business development manager.
Fan Courier is held by local entrepreneurs Felix Patrascanu, Adrian Mihai and Neculai Mihai.
“We signed a lot of contracts and provided courier services to small companies mailing one or two envelopes a day,” Mihai said.
Fan Courier’s turnover stood at 189.7 million lei (EUR45 million) last year, up 13% compared to the previous year.
Established in 1998, Fan Courier currently employs 2,000 people throughout the country and recorded 60,000 shipments per day last year compared to 13 in its first year in business.
“We started paying more attention to small clients, to SMEs, considering demand for high shipment volumes from large companies is not as strong as it used to be,” Mihai said.
“We have contracts signed with almost 16,000 companies for which we deliver envelopes and parcels throughout the country.” There are about 600,000 small and medium-sized enterprises registered in Romania.
Almost 10% of Fan Courier’s turnover comes from contracts with online retailers, such as eMag and Studio Moderno, and demand from such clients is on the rise, the company’s business development manager says.
Fan Courier operates on a market estimated at EUR200 million in 2010. The other major companies competing on this market are TNT, Cargus, DHL, DPD and TCE Logistica. (EUR1=RON4.2022)