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Bucharest
September 24, 2020
BUSINESS

After four years of losses, Germanos ends on profit in 2011

Germanos, one of the largest telecom retail chains in the country celebrates 15 years since the opening of the first store in downtown Bucharest. Over the last four years, more than 17 million consumers have entered the stores, according to a press release. “The financial crisis has left its mark on the evolution of the Germanos financial figures. 2011 was the best year for company’s activity since 2008. We will end on profit this year,” said Aris Ka­rou­sos, Retail Chain Division Director, Germanos and COSMOTE Romania in a press conference avoiding to advance a figure. Currently, Germanos has over 1,000 employees and the staff’s average age is 27.5 years. Germanos Romania counted more than 220 stores nationwide at the end of Septem­ber 2011 and is part of COSMOTE Romania distribution channel, which includes approximately 600 points of sale across the country.

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