“We budgeted double-digit growth this year, we expect at least 10% to 15% increase in revenue. The growth will come from online commerce customers and from new customers from other sectors,” Adrian Mihai told ZF.
The company, which is the largest actor on the parcel delivery market with a fleet of 2,600 vehicles, invested in expanding its warehouses, doubling the storage space in its warehouses in Timisoara, Cluj and Constanta last year. Moreover, it also built its own warehouse in Brasov in the first half of the year, following a EUR5 million self-funded investment.
Final financial results of FAN Courier are not available yet but the estimates of the company official point to a 25% increase compared with the 29% target.
“We budgeted investments in fleet development and in IT equipment this year, too. We want to boost the number of couriers especially in other parts of the country than Bucharest but we have trouble finding people, especially in the western region. This is one of the problems we are faced with.”
FAN Courier has grown its business by making significant investments year by year. Its revenue stood at 400 million lei (EUR88.4 million) in 2015, up 20% on 2014. An estimated 25% increase in 2016 means revenue reached EUR110 million last year, according to ZF’s calculations.
(English version by Loredana Fratila-Cristescu)