Flamingo logs $63.7m sales

Flamingo Computers, Romanian importer and dealer of IT equipment, posted $63.7 million turnover in 2002, up about 35% since the previous year, the company management says. The new results will be audited by PriceWaterhouseCoopers. Flamingo posted $47 million turnover in 2001, with the results audited by Arthur Andersen back then. What are Flamingo Computers’ goals for 2003? The company is once again planning to attain $72 million turnover by the end of the year, as it did in 2002. “Flamingo has reached its goals for the second half, mainly because of the activity in Q4, when it launched the “Coral – a computer for everybody” campaign and offered computers at affordable prices to the Romanian market. This allowed Flamingo to attain a record of more than 15,000 systems assembled and sold in 2002, that is 60% more compared with the previous year,” Flamingo vice-president Dan Topala says. Flamingo expanded its retail network in Romania in 2002, either by opening its own shops or by turning to its dealers. “Flamingo Computers ended 2002 with 33 stores. The expansion will go on so that Flamingo can reach 50 stores by yearend,” retail manager Lucian Mitran said. ZF