R.H.S. Company: Investments in IT were lower this year

R.H.S. Company group, one of the most important component, accessory and IT system suppliers in Romania, posted sales worth €35.2 million in the first half of the year, 25% higher than in H1 2007.
According to company representatives, the initial growth target was 50%, but harsh lending conditions and the international financial crisis have influenced results. During a crisis, everyone invests less, and investments in IT were lower this year.
There was definitely a significant drop, due to what happened internationally, General Manager Dragos Popescu told Business Standard.
PC components were the best-sold products in H1 (over 50% of sales), while laptops generated 25% of sales. Monitors had a 12% share in sales, and navigation systems had 10%.
Asus generates the most sales for R.H.S. Company (34% of turnover). "We estimate we will meet the €101.7 million target by the end of the year, since September is the beginning of the most important time of the year, with the highest impact on sales," said Popescu.
R.H.S. Company is due to acquire the ProCA Romania company, which is the IT&C distribution division of RTC group. "I cannot give a specific date for the finalizing of the acquisition. I can say there will be changes in the company's management, and that ProCA Romania will carry on its activities," said Sorin Stancy, General Manager of ProCA Romania.

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