ELBI Group, consisting of ELBI Electric & Lighting and ELBI Energy Projects, announces a cumulative turnover of approximately 556 million lei (equivalent to 111.7 million euros) for 2024. Despite a volatile economic context, the group managed to maintain a stable trajectory, with increasing results compared to the previous year.
The results reflect the group’s ability to adapt its business strategy to market conditions, remaining a key player in the distribution of electrical products, lighting solutions and the execution of energy projects. At the company level, ELBI Electric & Lighting made a significant contribution to the results recorded by the group, with a 5% increase in turnover compared to 2023, supported by the increased demand for technical and decorative lighting solutions and for products in the green energy sector.
In 2024, the ELBI Group continued to invest in strengthening its territorial presence, with a total of 15 ELBI Universul Electricelor locations in major cities in Romania. For 2025, new openings are planned in Baia Mare, Bacău and, possibly, Bucharest, thus consolidating the national retail network. At the same time, the digitalization and streamlining of logistics flows was accelerated by implementing a cross-docking system in the East, Center and West regions. This optimization reduced delivery times in distribution chains and increased operational competitiveness. In addition, the group is in the process of expanding the storage space within the P3 Bucharest A1 logistics park by another 4,000 sqm, which will allow for streamlining supply and delivery flows, as well as increasing the product portfolio.
“The results obtained in 2024 reflect our determination to remain competitive and relevant in an extremely dynamic market with multiple challenges. We are aiming for a 10% growth in 2025, focused on digitalization, expanding logistics capacities and investing in green solutions. Our direction remains clear: efficiency, innovation and sustainability. In parallel, we are focusing on the modernization of lighting networks through remote control platforms, low and medium voltage networks, the development of urban mobility initiatives, the execution and installation of photovoltaic parks and systems, both for large-scale projects and for individual users”, said Cristinel Sandu, Founder & President of ELBI Group.
ELBI Group recorded an increase of approximately 15% in the number of employees in 2024 compared to the previous year and a 5% increase in the customer base. This dynamic comes against the backdrop of strengthening commercial relations and developing strategic partnerships, as well as expanding the product portfolio.
The group continued its development towards a sustainable energy transition. It won tenders for the execution of photovoltaic parks, and will implement the rePower strategic project in 2025-2026, intended for the installation of photovoltaic power plants and energy storage systems for vulnerable consumers, with non-reimbursable financing through the PNRR.
In 2024, the group allocated over 520,000 lei to sponsor initiatives dedicated to educational and sports activities at the national level, demonstrating a constant commitment to supporting and developing the community. ELBI also continues to implement energy efficiency initiatives and develop products with reduced environmental impact, in line with market sustainability requirements.
The European low-voltage electrical equipment sector was influenced by the decline in construction activity, especially in the commercial real estate sector, amid high interest rates. However, the ELBI Group consolidated its position as a national leader in the distribution of electrical equipment and the execution of public lighting projects.
The growing demand for energy-efficient products, integrated solutions and fast delivery are shaping new market directions. The company is betting on these trends and is constantly investing in process automation and modernizing its product offering.