“We saw 30% growth in the first half and expect the same growth rate for the entire year, we don’t think we’ll see a surge. It’s a very good performance compared with last year,” Mihai Patrascu, main shareholder and chief executive officer of Evolution Prest Systems, told ZF.
Under the circumstances, the retailer expects sales to reach more than 90 million lei (EUR20 million) this year. Last year’s sales stood at RON68.4 million and net profit at RON529,157.
The market evomag.ro operates on increased by 10% to 15%, Patrascu says. Evomag’s growth above the market rate is partly because some competitors are no longer in business and because of the higher purchases by the public sector.
“We are seeing greater interest of the public sector in ‘clean’ normal purchases from companies with a history in the industry.”
Customers are buying more often, but spend less on their purchases, Patrascu says.
“It’s a clear change on the market. It’s very good for us, because we have a recurring customer base.”
The company added new product categories, such as car accessories and sport&fitness, with the latter seeing a surge in sales, Patrascu says. Evomag also added books a month ago.
“It’s a product that’s easy to sell and transport but will never be our main focus.”
The local leading computer and electronics retailer is eMag, whose revenue is estimated at EUR500 million this year. Evomag’s rivals include cel.ro and pcgarage.ro. (EUR1=RON4.4412)
(English version by Loredana Fratila-Cristescu)