Flanco recorded last year an 8% increase in its turnover, reaching EUR 150.6 million.

The company’s net profit amounted to almost EUR 500,000, up 61% over 2013.

Consumer credits played a significant role, as 20% of the total sales were installment sales.

Flanco’s main growth categories were large and small appliances, smartphones or smart TVs. Online sales more than doubled on 2013, and the company developed a mobile version of its site.

Flanco, which had 1,100 employees last year, expects continued growth in 2015, due to the economic advance and to the possibility of installment payments without an interest rate.

editor@romania-insider.com