This year’s business growth comes after the company’s turnover dropped 9% to RON15.3 million (EUR3 million) in 2023 vs. 2022. GAM’s net profit plunged 99% on the year to roughly RON18,000 (EUR3,000) in 2023.
“2024 brought financial results significantly better than in 2023 due to consistent efforts and a flexible and creative approach to all the situations we have faced. We increased the operational and financial efficiency of all the projects carried out and we adopted a series of AI technologies which allowed us to improve the company’s business performance. This progress helped us expand the company’s portfolio with numerous important clients, such as ONRC, MAI, ANAF, ISCIR, Hidroconstructia, Draexelmaier, Liebherr Romania, Teletrans, Ave Forchetta and EOS KSI”, said Stefan Ecxarcu, general manager of Global Archive Management.
Over the course of 2024, GAM has consolidated its nationwide presence by developing sales teams across eight cities and towns in Romania, such as Timisoara, Craiova, Giurgiu, Galati, Tulcea, Sibiu, Brasov and Alba Iulia.
In 2025, GAM aims to develop its storage facilities in Timisoara, to expand its services portfolio and its regional sales teams in at least three new cities, as well as to launch new AI-based services in the second quarter of 2025.
Global Archive Management, established in 2000, has invested over EUR8 million in infrastructure and holds the four main authorizations issued by the National Archives of Romania: preservation, archive processing, utilization and binding.