The growth was driven by the high demand for mobile phones, tables and laptops, and by the diversification of the products carried. Besides computer and electronics, evoMAG also sells automotive items and sporting goods as well as personal care, children’s, home décor and DIY products, as well as insurance policies.
“We posted EUR21 million revenue in 2018, 15% higher than the previous year. We saw greater demand from customers, we diversified product categories and negotiated better prices,” Mihai Patrascu, founder and CEO of evoMAG, told ZF.
The profit rate was 0.5%, as in the entire industry. The retailer posted EUR18 million revenue in 2017, down 3% on 2016.
EvoMAG got most revenue from sale of mobile phones, tablets and laptops last year. The TV set and the sports and fitness categories saw significant growth, too.
(English version by Loredana Fratila-Cristescu)