“We want our business to grow by 10% to 15% in 2016. We will see whether this is an accurate estimate in mid-year. The market is full of challenges,” sales manager Bogdan Iftemie told ZF.
“Tablets as a category are witnessing a rather significant decline. The smartphone as a product is (…) much of an impulse buy, a fashion product. The market is leaning towards volume phones, which come with lower prices.”
The company held by entrepreneur Dan Stefanescu, ended 2015 with EUR180 million revenue, an increase of about 1.5% on the previous year.
Profit, on the other hand, increased at a faster rate, Dan Stefanescu said, without providing an exact figure.
“Profit growth was somewhat higher because of successful real estate deals.”
The net profit stood at EUR4.8 million in 2014, according to Finance Ministry data.
Dan Stefanescu did not say how much real estate accounted for in Gersim’s business, adding, however, that it was an area of interest in 2016, as well.
“We want to be somewhat more active on the real estate market in 2016 and are considering buying several thousand hectares of farmland.”
(English version by Loredana Fratila-Cristescu)