Horia Cardoş, CEO and majority shareholder of Agroland: In 2021, we will develop our business also due to the expansion of the Agroland MEGA store network with at least 8 more units, but also to the 50% increase in online sales.
Agroland (AG stock market index), a chain of stores specialized in the segments of gardening, pet care and hobby farming, but also the most recent listing on the Bucharest Stock Exchange, ended 2020 with a net profit of 10.3 million lei, four times over the previous year, while business rose by 33% to 187.6 million lei.
According to Agroland representatives, the upward trend of the business is due to the development strategy that involved investments in opening new Agroland MEGA stores (with 5 such units opened last year), expanding the product range, quadrupling online sales compared to of 2019, as well as the diversification of the business, through the acquisition of the assets of the Mihăileşti branch of the Avicola Bucharest company. This acquisition placed Agroland in the top 10 producers of consumer eggs in Romania.
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