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FAN Courier turnover to exceed 131 million Euro in 2017

FAN Courier estimates that this year turnover will exceed the 131 million euro, up 13.2 per cent over the previous year, in line with the initial forecasts of company and results of the first 11 months of the year.

2017-12-07 10:40:02

"The rising appetite of the Romanian market for courier services, mainly as a result of the explosion of the e-commerce segment, is at risk of being affected by the legislative and fiscal changes announced for 2018, with a relevant impact on all economic actors - companies and consumers," said Adrian Mihai, one of the founders of FAN Courier. "Our estimates of business developments for the next year are more cautious than in previous years. The budget for 2018 will be built taking into account two scenarios - pessimistic, for which we are also preparing for a possible stagnation and a realistic prudent scenario in which we anticipate a 10 per cent increase."

The lack of fiscal predictability alongside the labor market crisis are the main concerns of the company′s top management in terms of business development in the coming year.

By the end of next year, investments of FAN Courier will exceed 36.5 million Euro (16.5 million Euro in 2017 and 20 million Euro in 2018), major investments aimed at expanding the main HUB of the company, the one from Stefanesti and the start of the works of construction at the HUB in Cluj for which a land of 24,000 sq m was purchased, the surface of the hall to be built with an area of 5,000 sqm.



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