The funds received by Gersim Impex will be used to diversify the company’s portfolio, mostly on the mobile phone terminals segment.
The company, fully owned by entrepreneur Dan Stefanescu, had a net profit of RON36.7 million in 2020, up 10% on the year, despite a 9% decrease in turnover down to RON791.8 million.
Gersim Impex was established in 2002 and its turnover ranges from EUR150 to EUR190 million.
In 2020, mobile phone sales were affected by the economic bans and concerns generated by the COVID-19 pandemic. In the first half of 2021, sales in Romania returned to growth and grew by nearly 20% on the year. However, in the third quarter of 2021, the chip crunch again triggered a 6% market contraction versus 2020.