The net profit fell 28% to RON20.3 million or 3% of the sales.
“2018 was a year of consolidation for us, when we had a low risk appetite and sorted out the customers that lacked financial discipline,” Dan Stefanescu, Gersim owner, told ZF.
Gersim had 24 employees on average in 2018, two more than in the previous year. The company held by Dan Stefanescu is the leader of the local market, as its sales are double its biggest rivals in its business.
(English version by Loredana Fratila-Cristescu)