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Oct 11, 2007 15:59 EEST
October 11 (SeeNews) - Romanian courier services provider Curiero reported on Thursday a nine-month turnover of 10.5 million euro ($14.9 million), up from 4.5 million euro in the same period of 2006.
The company said it plans to double its turnover to 16.6 million euro in 2007 and reach 59.76 million euro in 2009, but provided no profit figures.
Curiero's operating profit reached 980,000 euro in 2006. Comparative figures were not immediately available.
"We intend to consolidate our position in the premium segment and assure quality of services while pricing them accordingly", company CEO Bogdan Carcu told a news conference.
"We expect that such measure will be followed by a loss of certain clients who are concentrating mostly on tariff advantages, but this will not lead to fall in turnover," he said.
Postal services had as much as 50% weight in the company's turnover through September.
Curiero plans to rise to the top of theRomanian courier services market by 2009 from its current third position in terms of turnover and mulls expansion abroad by acquiring enterprises in neighbouring countries such as Bulgaria, Ukraine, Hungary and those from former Yugoslavia, Bogdan Carcu told SeeNews in a recent interview.
Currently Curiero holds 10% of the domestic market. Its main rivals are Romanian-based Cargus with 21% and Fan Courier with 19%.
Curiero, established in 2003, has invested so far some 6.8 million euro in expanding its operations, of which 3.2 million euro in 2007 alone. It employs 1,600 and has a fleet of 550 vehicles.
($ = 0.7053 euro)
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