May 26 (SeeNews) - Romanian retailer eMAG announced on Thursday it has booked a consolidated turnover of 9.57 billion lei ($2.07 billion/ 1.93 billion euro) in 2021, out of which 5.68 billion lei were achieved on the Romanian market.
The turnover can be attributed to the group’s approximately 1 billion lei investments in 2021, part of a 3.2 billion lei three-year investment plan, eMAG said in a press release.
Last year, the retailer invested mainly in technology, digital infrastructure and logistics, as well as in its marketplace, both on the local market and abroad.
eMAG announced its three-year investment programme in March 2021.
"In the second year of the pandemic we made the decision to kickstart an ambitious investment programme, with the purpose of supporting eMAG’s transformation into a regional e-commerce ecosystem," eMAG CEO Tudor Manea said.
"We have achieved a 60% growth in turnover in the two years of the pandemic, which has given us the confidence to continue our 2.2 billion lei investment plan over the next two years and to offer a simpler, quicker, and accessible shopping experience."
eMAG was founded in 2001 by Romanian entrepreneurs for the domestic market, later breaking into the Bulgarian, Polish, and Hungarian markets.
Based on the latest data supplied by the ministry of finance, eMAG booked a profit of 128.8 million lei in 2020, as well as a turnover of 6.7 billion lei.
(1 euro = 4.9423 lei)
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