Altex April sales reach 26m euros

Electronics and home appliances retailer Altex has reported sales of 26 million euros (including VAT) for April, more than double the amount seen in the same month last year. After the first three months of the year, Altex had already made sales of 60 million euros (including VAT). The growth, say Altex officials, was the result of the development of the retail market, as well as of the rapid expansion of the company”s retail outlets. According to its own estimates, Altex sold 13,500 colour televisions, 8,500 refrigerators, 7,000 washing machines and cooking stoves and 8,000 vacuum cleaners. “Sales in the ITC category rose by 15.5% in April compared with March. Air conditioning units were in high demand, with sales tripling compared with March, which actually marks the start of the season for these products,” Altex officials said. Altex expects to make sales of over 220 million euros this year. ZF