The average number of employees was slightly up last year, while the profit fell from RON45 million in 2016 to RON37 million, according to the data on the Finance Ministry website.
Romstal’s retail chain numbers more than 130 stores, 12 of which in Bucharest, according to the corporate website. Romstal stores sell hardware, plumbing, heating and electrical equipment and supplies and are positioned in very good locations.
Romstal was established by Italian businessman Enrico Perini in 1994. Romstal has been operating in Romania as a wholesaler of hardware, plumbing, heating and electrical equipment and sanitary ware since then.
The Italian-held group also operates in Serbia, Republic of Moldova, Ukraine, Bulgaria and Italy. It makes 80% of its sales to specialized companies, while retail sales via its own stores account for the remaining 20%. (EUR1=RON4.6686)
(English version by Loredana Fratila-Cristescu)