Fan Courier delivery services provider, one of the top three players on the domestic market, derived turnover worth 16 million euros in the first five months of this year, up 50% in RON compared with the same period last year.
The higher-than-expected growth rate came in the wake of market growth.
"The market expanded a great deal and sales were also driven by the market in the first five months of this year. Even if we hadn't managed to attract any new customers, we'd have still registered an above 20% growth from our existing customer base," said Adrian Mihai, business development manager of Fan Courier and one of the company's three shareholders.
He explained the rapid growth rate brought companies not just advantages, but disadvantages, as well.
"We believe the market will settle, which is also a plus. The very high increases were not to our liking as a 50% advance also entails some problems. Market development has pushed our resources and recruitment to the maximum".
The company now has 2,000 employees, 20% more than the number registered at the beginning of the year. In addition, Fan Courier also resorted to hiring outside Bucharest last year.
At the same time, the company is carrying out investments worth 10m euros in new headquarters and plans to equip couriers with PDAs, a move that will involve a sum that ranges between 1.5 and 2m euros.
The high level of investments required to develop courier companies was one of the reasons why there was a wave of mergers and acquisitions at the start of the year.
As a result, all major players on the courier market strengthened their positions, except Fan Courier, the only top three company that refused to announce an intention to sell.
"For the time being, we are able to sustain our investments and we do not plan to sell the company. We believe that if we succeed in
