The most in-demand products were gadgets, headphones, portable speakers, but also smartphones and OLED TV sets.
“The favorable evolution of the first quarter continued into the second one though, by historic averages in the industry the second quarter is 10-15% weaker in terms of volumes compared with the first one,” says Dragos Sirbu, Flanco CEO and a minority stakeholder in the company.
During the same period, the electronics market expanded by around 6% in terms of value.
Last year, the retailer boosted its turnover by 3%, to RON1.064 billion, but net profit slid by 70%. For 2023, though, the company has budgeted a 20% increase.
Flanco has over 1,400 employees and a 160-store network, in 113 cities, plus the online store.
(English version by Catalina Apostoiu)