“We have not finalized our plans regarding the company’s growth rate. I do not think the business will drop in 2009, but am considering the possibility of revising this rate upward, in case investments in infrastructure are unblocked,” Marius Perisanu, the subsidiary’s General Manager, told Business Standard.
Meanwhile, the company maintains its 2008 net sales estimate at some $73 million (€53.7 mln), up one fifth year-on-year. However, “the fourth quarter of 2008 was much weaker than the last quarter of 2007. The most affected segment was that of small hardware equipment sold through retailers addressing the SOHO [small office/home office] market segment,” Perisanu added.
According to the company official, Romania’s main advantage is the fact that it is now a member of the European Union, which means it must align itself with European technological development. Xerox’s main competitors on the local market include HP, Konica Minolta, and Canon.
