“Online is our main growth driver; companies in other fields have increased their budgets, as well,” Adrian Mihai, one of the three shareholders of FAN Courier established in 1998, told ZF. The other two owners are his brother Neculai Mihai and Felix Patrascanu.
“Even if we did not get new customers, we would still see growth from existing customers, which have budgeted rising sales in their turn.”
The year 2015 is the eighth consecutive year of growth for FAN Courier, starting in 2008, when revenue stood at RON153 million. The company doubled its business during the crisis.
FAN Courier’s 2014 revenue reached RON333.7 million, an increase of 19% on the previous year, higher than expected.
“The whole courier service market is growing, it’s a very good market in this respect (…). Last year was the first after 2008 when I saw a lot of presents in our warehouses, which means corporate budgets are up.”
FAN Courier works with customers in all sectors of the economy. A significant contribution to the growth of its revenue has been coming from the online commerce in the last few years.
Online commerce only contributed 5% of its revenue in 2008. Customers include Carrefour Online, eMag, Mega Image and PC Garage. Early this year, FAN Courier signed a partnership with OMV Petrom so customers can drop parcels for couriers to pick up in the latter’s gas station network.
Profit stood at RON45.6 million in 2013 and went down in 2014. A factor in the 2% to 3% decline was the rise in the fuel price and the introduction of the fuel excise duty. Wage raises contributed to the decline, as well, Adrian Mihai said.
(English version by Loredana Fratila-Cristescu)