SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Latest in Economy
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
SEE TOP 100
arrow
Browse SEE TOP 100
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Get your free Basic subscription now and gain instant access to more
SIGN UP
arrow
LOGIN
arrow

Romanian Retailer Altex Sees 2009 Sales Almost Halved, Expects Market Recovery in 2012

Oct 21, 2009, 7:15:00 PMArticle by Sabina Kotova
share
BUCHAREST (Romania), October 21 (SeeNews) – Romanian household appliances retailer Altex said on Wednesday it projects sales of around 180 million euro ($269 million) this year, down from 344 million euro in 2008, and expects the market to recover in 2012.

Romanian Retailer Altex Sees 2009 Sales Almost Halved, Expects Market Recovery in 2012

"The nine-month turnover of Altex confirms the realistic goal set for the current year: to achieve sales of more than 180 million euro and to consolidate our leading position on the market," Altex president Dan Ostahie said in a statement.

The retailer reported sales of 124 million euro in the first nine months of the year, after sales of 83 million euro in the first half. Comparative figures were unavailable.

“As for next year, our forecast remains a reserved one. The market growth will be moderate compared to 2009 and we will be away from recovering. Unfortunately, the annual picture will depend on the seasonal sales, a feature which will repeat in the next two-three years,” Ostahie added.

The company expect the domestic household appliances market to switch back to normal in 2012.

($ = 0.6697 euro)

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.