Altex sales to shrink in H2

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Altex sales predicted for second half year stand at 104 million euros, down 40 percent over the same period of 2008, according to estimates unveiled on Wednesday by marketing manager Aletx Romania, Cristian Moanta.

‘If in H2 2008 we had sales worth 174 million euros, down by 12 percent as against H2, 2007 for the July-December period, 2009, the estimates stand at over 100 million euros, with emphasis of seasonability in Nov. and Dec., said Moanta.

He said that figures would allow the company to maintain on the market, slightly above the market’s decreasing pace reported in 2009.
In H1 this year, Altex Romania reported sales worth 83 million euros, down 50 percent over the same period in 2008, when they stood at 170 million euros.

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