Net profit topped RON13 million, 26% higher on the year.
At the same time, EBITDA rose from RON13 million in 2022 to RON16.4 million in 2023.
„The generated performances confirm the adaptability of our business model and the diversity of products and services part of our portfolio allows us a significant scaling,” says Cosmin Popovici, MAGNOR CEO.
According to him, the 2023 financial results mark an upward trend the company aims to take further this year as well.
Recently, the company has changed its name from CreditAmanet to MAGNOR in the wake of a rebranding process that lasted two years and involved investments worth above EUR2.5 million.
Plans for 2024 include strengthening the store network by improving operating efficiency and services quality and market expansion.
MAGNOR operates 25 stores.
(English version by Catalina Apostoiu)