Fan Courier registers slower growth rate amid crisis

Fan Courier, one of the leading players on the Romanian courier market, has seen its growth rate fall to 20% in the last three months, after it reported a 40% increase in turnover (in RON) eight months into the year. "The decline in the growth forecast was felt as early as October, and will definitely continue into the coming months. The growth originally forecast was worth around 35%, but over the last few months, the growth has been just 20%," said Adrian Mihai, one of the company's three shareholders. Fan Courier is among the first companies on the market to release its results for the last few months, while the majority of players have been reluctant to reveal their September-November results. Fan Courier ended last year with 31 million euros in turnover, according to the Ministry of Finance, with turnover worth over 40 million euros expected for this year.