Romanian company Fan Courier recorded a turnover of € 9.87 million in the first quarter of 2008, upby 59% from the same period last year. The fast growing courier service targets a 30-35% increase
in turnover to €45 million and plans investments of € 9 million in 2008. The amount of € 5 millionwill be invested in the launch of new headquarters while some investment is planned for stafftraining and IT.The main problems Fan Courier is facing on the market are the poor infrastructure and thelack of staff training, the company’s representatives said. In 2007, Fan Courier posted a turnoverof € 33.2 million. The company’s main competitor on the Romanian courier market is Cargus, acompany recently bought by DHL.
The Romanian express and parcels market boomed last year and it has seen several acquisitionsin the first half of 2008. Next to the takeover of Cargus by DHL, UPS has also entered the marketby acquiring Trans Courier Service. Acquisitions are expected to continue as domestic firms aim atattracting strategic investors. Smaller companies such as Sprint Courier, Concorde Courier, AloCourier, Nemo Expres and Roexpres are likely to be next takeover targets for foreign companies suchas Austrian Post which is reported to be interested in entering the market.
