FAN Courier’s turnover to reach 166 million Euro, up 15% in 2019

FAN Courier, the leader of the local courier market in Romania, continues to develop and consolidate the business and estimates for next year a business growth of up to 15 percent compared to the current year. The Romanian company, founded over 20 years ago by Felix Pătrășcanu, Adrian Mihai and Neculai Mihai, will end the current financial year with a turnover of almost 166 million Euro, up 15% over the 2018 result .

FAN Courier kept pace with the investments of over 15 million euros assumed at the beginning of the year, 11.5 million euros being allocated only for the car fleet.

2019 also marked a premiere in the business strategy of the company since the beginning of FAN Courier activity. The leader of the local courier market recently announced the completion of the SLS takeover, a business owned by a Romanian contractor, specialized in warehousing services.

Online commerce, one of the main engines of business growth in the profile industry, generated between 40 and 45 percent of the annual volume of deliveries this year, still being strongly influenced by Black Friday, the largest discount campaign in Romania.

The company’s plan for 2020 includes the development and partnership with SLS but also to complete the procedures and documentation necessary for the effective start of the investment in the Cluj HUB, the third most important in the company’s portfolio.