Dramatic competition in the smartphone and tablet market has wiped out half of Allview's revenue in 2017



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yesterday, 00:05

Author:


Adrian Seceleanu


The business turnover of the company in Brasov rose from 306 million lei in 2016 to 157 million lei in 2017, and the net profit was lei 9.7 million, or a drop of 72%.

The company Visual Fan in Brasov, which sells various gadgets under the brand Allview, registered in 2017 half of its turnover compared to the previous year to 156.6 million lei ( 34.3 million euros) In a context of strong competition in the smartphone and tablet market, sales of the company controlled by the entrepreneur Lucian Peticila have fallen sharply. In 2016, the company recorded a turnover of 306 million lei (68.2 million euros), according to the data of Finance

The net profit of the company decreased by 72% in 2017, to 9.7 million lei (EUR 2.1 million), corresponding to a net gain of 6% of the turnover. By the end of 2017, the company's total debt amounted to 37.3 million lei (8.2 million euros), down 64% from one year to the next. The average number of employees in the company increased in 2017 from 6 people to 116.

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Article published in the print edition of Ziarul Financiar of 06.07.2018

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