HP aims to double turnover by 2007

The Romanian branch of IT equipment manufacturer Hewlett-Packard posted a growth in total sales, including those made through partners, of 24% for FY2004 which ended October 31, according to company officials. They did not reveal the exact value of the sales. The company management estimates sales of HP products in Romania will double by 2007, compared with this year. “We believe we are the number one IT company in Romania in terms of activity volume,” explained Radu Enache, the company’s general manager. Over 80% of HP Romania’s operations are conducted through partners. Direct sales on the local market, which do not go through partners, would reach around 20 million euros for the calendar year 2004, Enache said. “We are proud of our team in Romania, which has had a very good year,” said Rudy Kozak, general manager of HP for Eastern Europe and the Mediterranean region. HP has five branches in the area: in Romania, Bulgaria, Serbia and Montenegro, Croatia and Slovenia. HP is aiming for a 15% growth in sales for FY2005 compared to 2004. ZF