The company held by brothers Adrian and Neculai Mihai and by Felix Patrascanu ended 2014 with RON333.7 million revenue, 19% higher than in 2013, and is seeing its eighth year of growth in a row in 2015. The upward trend looks like it will continue.
“Our main growth driver is the online business. Whereas e-commerce generated only several percent of our transport volumes several years ago, by the end of this year we estimate it will go beyond 35%,” said Roxana Magopet, marketing and PR manager of Fan Courier.
Although online is the main sector generating Fan Courier’s growth, new customers that helped drive its revenue up include pharmaceutical industry and accounting companies. Bucharest generates most customers, while Cluj, Arad and Timisoara account for most orders from the rest of the country.
“The growth rate was based on a greater of share of new customers, which accounted for about 14% (of the 21% growth i.e.). The remaining 7% came from the increase in volume and new services for our existing customers.”
According to Fan Courier estimates, the courier service market should reach EUR350 million this year, but there are no surveys or statistical data about the size of the market. Fan Courier is the leading player on this market, followed by Urgent Cargus (formed by the merger of Urgent Curier and Cargus International), DHL International Romania, TNT Romania and UPS Romania, as well as Nemo Express, Spring Curier and Chronos, the latter three owned by Romanian entrepreneurs.
(English version by Loredana Fratila-Cristescu)