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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Electro-IT retailer Altex reports record sales and rising profits in 2021

The electro-IT retailer Altex reported its revenues rose by 16% to RON 6 bln (EUR 1.2 bln) in 2021, resulting in a fivefold expansion over the past decade.

The net profit of the group, which operates online but also through a chain of 125 physical stores under the brands Altex and Media Galaxy, increased to RON 130 mln (EUR 26 mn) from RON 123 mln in 2020 and RON 75 mln in 2019.

The robust results are released in the context of more online-only operations such as Vivre.ro (home deco) and Elefant.ro (marketplace) facing financial difficulties of a magnitude that put at risk their operations.

"I would say 2021 was a difficult year. It had good times, but also bad times. In the end, however, we ended it well," Dan Ostahie, founder and owner of Altex, said, quoted by Ziarul Financiar.

Altex ranks second in the Romanian entrepreneurial business ranking, after the DIY retailer Dedeman.

(Photo: Cristi Croitoru/ Dreamstime)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Electro-IT retailer Altex reports record sales and rising profits in 2021

The electro-IT retailer Altex reported its revenues rose by 16% to RON 6 bln (EUR 1.2 bln) in 2021, resulting in a fivefold expansion over the past decade.

The net profit of the group, which operates online but also through a chain of 125 physical stores under the brands Altex and Media Galaxy, increased to RON 130 mln (EUR 26 mn) from RON 123 mln in 2020 and RON 75 mln in 2019.

The robust results are released in the context of more online-only operations such as Vivre.ro (home deco) and Elefant.ro (marketplace) facing financial difficulties of a magnitude that put at risk their operations.

"I would say 2021 was a difficult year. It had good times, but also bad times. In the end, however, we ended it well," Dan Ostahie, founder and owner of Altex, said, quoted by Ziarul Financiar.

Altex ranks second in the Romanian entrepreneurial business ranking, after the DIY retailer Dedeman.

(Photo: Cristi Croitoru/ Dreamstime)

andrei@romania-insider.com

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