“We ended 2019 with EUR17.5 million revenue, an increase of 5% on 2018. We expect to end 2020 with about 10% growth on 2019. We are already mailing cards for the customers of the banks in our customer portfolio, a segment that has grown because people could no longer pick up their cards from the banks’ offices for a while. We are also looking at the parcel delivery business, mainly in handling returns to e-commerce companies,” Cristi Petcu said.
The pandemic had a significant impact on the mailing service company and 2020 has not been a typical year, the executive added. As a result, Pink Post had to find solutions right away, which it could implement fast and effectively.
Some of its customers cancelled orders for March and April but things have gradually improved since May.
Another project started in 2020 is expansion of postal services to rural areas, Petcu said.
Pink Post started as Total Post in 2009. Two years later, in 2011, Total Post bought TCE Post and in 2017 announced expansion of its operations, following merger with Postmaster. The new entity underwent rebranding and became Pink Post, part of the Radu Holding group of businessman Octavian Radu.
(English version by Loredana Fratila-Cristescu)