“The growth is due to a positive market evolution and an increasing number of packages sent by clients in our portfolio,” the company’s General Manager, Neculai Mihai, told Business Standard.
In the past month, the company’s costs rose more than 10 percent due to currency variations, especially visible in the budget for vehicle acquisition, and due to global financial turmoil. The only measure to cut costs was to open two new working points in Bucharest, where packages are collected, to save both time and fuel.
Meanwhile, the company is spending €8.5 million to build new headquarters. A further €2 million will be used to acquire personal digital assistants (PDA) for the company’s employees. “No investment will be canceled this year. As for next year, the investment plan has not been finalized, Mihai said.
The top players on the local delivery market are multinationals DHL and TNT, with business in excess of €40 million last year.
