Draft:Altex (Romanian store)

Altex is a Romanian company with headquarters in Voluntari, which sells electronic products, IT components and equipment, household appliances, water, juices, coffee, cosmetics, products for personal care, babies, children, DIY products, cars, tires, electric cars, bicycles, wallets, travel bags and suitcases.

In February 2018, the company had 128 stores (19 of them was Media Galaxy's units). Altex was a major shareholder of Complet Electro Serv, manufacturer of IT equipment, and of Cometex SA, a real estate company.

Consumer debt company Credex was a part of Altex group, near other companies.

Flanco is the main competitor of the company.

History
Altex was founded in 1992, at the Piatra Neamț, in Neamț County by Dan Ostahie. One of the most popular entrepreneurs in Romania, he received a US$10.000 debt from a bank to start importing second-hand television sets from Switzerland. These were repaired and then sold to consignments which were also selling clothes and household products. Ostahie opened the first store in 1993 with household appliances in Altex's network.

Altex continued to develop their network of stores throughout the 1990s, opening more than 50 stores, in all important cities from the country.

In 2000, appears Altex's group, after that Dan Ostahie decided to externalise services. Altex's group included then network of stores, company of logistics and transport 8TIM and company of wholesale distributor Italromtex.

Revenues
History of revenues of Altex in 2007-2017 period.


 * 2017: 718,8 millions euro
 * 2016: 611 millions euro
 * 2015: 433 millions euro
 * 2014: 350 millions euro
 * 2013: 258 millions euro
 * 2012: 254 millions euro
 * 2011: 208 millions euro
 * 2010: 195 millions euro
 * 2009: 180 millions euro
 * 2008: 344 millions euro
 * 2007: 317 millions euro

Net profits
History of net profits of Altex in 2007-2017 period.


 * Net profit in 2017: 10,6 millions euro
 * Net profit in 2016: 8,8 millions euro
 * Net profit in 2015: 3,7 millions euro
 * Net profit in 2014: 0,85 millions euro
 * Net profit in 2013: 31.545 euro
 * Net profit in 2012: 2,8 millions euro
 * Net profit in 2011: 6,97 millions euro
 * Net profit in 2010: 3,93 millions euro
 * Net profit in 2009: −3,29 millions euro (loss)
 * Net profit in 2008: −13,6 millions euro (loss)
 * Net profit in 2007: −3 millions euro (loss)