The Ion Tiriac-held company posted RON1 billion revenue last year, an increase of 42% on 2014. The company also stepped into the black, posting RON0.1 million net profit after at least five years in the red. The auto retail division of Tiriac Holdings delivered more than 6,000 cars on the market, or 5% of the total, last year.
“The investment we’ve made in the past two years will continue across the entire network in 2016 and in the years after that to ensure the highest standards of service for our customers. Investments will amount to EUR200,000 to EUR2 million for each location, depending on its specificity and needs,” Daniel Antor, general manager of Tiriac Auto, said.
Only ten Romanian-held companies have overshot the RON1 billion revenue mark per fiscal entity so far.
Tiriac Auto had almost 1,200 employees and more than 60 centers in the country last year. It is the largest car dealer in Romania and sells most car brands – Ford, Mercedes-Benz, Jaguar, Land Rover, Hyundai and Mitsubishi.
(English version by Loredana Fratila-Cristescu)