First Romanian Distribution Q1 sales up 32%

Benefiting from investments exceeding one million dollars and a new name, First Romanian Distribution derived 4.5 million dollars in turnover over the first quarter of this year, up 32% against the year-ago period. The company estimates 43 million dollars in turnover this year, which is almost double than last year’s 22 million. The company has invested 9 million dollars so far.

The company changed its name into First Logistics & Distribution, according to chairman Eric Carter, who says that “our logistics activities, including merchandise planning, shipment, depositing and processing for efficient costs, make the core of our company’s scope.”

The company’s turnover increased year after year in real terms, amounting to 7 million dollars in 1997, 16 million dollars in 1998 and 21 million dollars in 1999 and 2000.

Turnover is forecast to double up to 43 million dollars this year. “This growth will be possible due to the launch of new products. On the other hand, the producers and distributors are more and more active on the Romanian market,” First Romanian Distribution official stated.

“The general evolution of the economic and macro-economic background will be also important, as well as the contracts we have concluded or will conclude over the future. One example is the contract we have signed with the largest Romanian sanitary tiles producer Sanex,” Carter added.

The company registered 4.5 million dollars in Q1 turnover, up 32% against the year-ago period, when it stood at 3.4 million dollars.

According to First Logistics & Distribution officials, last year’s investments were worth 3 million dollars, while their total value was 9 million dollars so far. This year’s investments will exceed one million dollars.

The products distributed by the company are clearly divided in three classes. The first is foodstuffs (which are mainly offered by the company), the second is textiles (mainly manufactured in Great Britain) and the third is construction materials.