Back in 2015, its revenue had seen the highest leap in six years, going up about 36% to RON153 million, mainly because of the greater demand from the private sector, as local companies and multinationals chose to invest more in technology.
The growth is significant as the local software and IT services market was most likely flat due to the very low spending of the government. Spending on IT and software services stood at some EUR200 million to EUR250 million in 2017, according to a report of market research and consultancy company Pierre Audoin Consultants, half of the 2015 level and much lower than in countries like Slovakia and Hungary.
The company kept the same number of employees as in 2016 and saw almost 30% rise in net profit. Net profit margin, however, was lower than 3%, which is usually the profit margin equipment distributors operate at.
ETA2U, a business established more than 25 years ago and owned by entrepreneur Romulus Lucaciu, has six divisions – retail hardware, printing equipment, solutions and equipment for IT infrastructure, R&D, IT servicing and specialized training. Customers include retail, DIY, automotive, FMCG and finance-banking businesses.
(English version by Loredana Fratila-Cristescu)