For 2018, the company set an investment program of over RON11 million (EUR2.4 million), for retrofitting, production upgrades and for the development of the brand store chain in Romania and abroad.
Farmec general manager Mircea Turdean said the plan is to open ten new stores across Romania, in 2018. The company doubled the number of units in 2017, from 11 to 21 national centers.
The over 9% increase in 2017 turnover was due to several factors: the modernization and extension of the company’s portfolio, the expansion into new market segments, and the major evolution of the chain of Farmec and Gerovital brand stores and the online platform.
Online store sales exceeded RON7.1 million (EUR1.5 million) in 2017, up nearly 23% versus 2016.