ELBI Group reports turnover of 556 million lei in 2024 and announces strategic investments for expansion and digitalization

ELBI Group, comprised of ELBI Electric & Lighting and ELBI Energy Projects, reports a consolidated turnover of approximately 556 million lei (the equivalent of €111.7 million) for the year 2024. Despite a volatile economic environment, the group managed to maintain a stable trajectory, with improved 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 group’s performance, with a 5% increase in turnover compared to 2023, driven by growing demand for technical and decorative lighting solutions and green energy products.

In 2024, ELBI Group continued to invest in strengthening its territorial presence, reaching a total of 15 “ELBI Universul Electricelor” locations in major Romanian cities. For 2025, new openings are planned in Baia Mare, Bacău, and possibly Bucharest, further consolidating the national retail network. At the same time, the group accelerated the digitalization and optimization of logistics flows by implementing a cross-docking system in the Eastern, Central, and Western regions. This optimization has reduced delivery times in distribution chains and increased operational competitiveness. Additionally, the group is currently expanding its warehouse space within the P3 Bucharest A1 logistics park by another 4,000 sqm, enabling more efficient supply and delivery flows and increasing the product portfolio.

“The results achieved in 2024 reflect our determination to remain competitive and relevant in a highly dynamic market full of challenges. We aim for a 10% growth in 2025, focused on digitalization, expanding logistical capacities, and investing in green solutions. Our direction remains clear: efficiency, innovation, and sustainability. At the same time, we are focusing on modernizing lighting networks through remote-control platforms, low and medium-voltage networks, developing urban mobility initiatives, and implementing and installing photovoltaic parks and systems, both for large-scale projects and individual users,” stated Cristinel Sandu, Founder & President of ELBI Group.

The ELBI Group recorded an approximate 15% increase in its number of employees in 2024 compared to the previous year, along with a 5% increase in its customer base. This growth comes as a result of strengthening commercial relationships, developing strategic partnerships, and expanding the product portfolio.

The group continued its development toward a sustainable energy transition. It won tenders for the implementation of photovoltaic parks and is set to carry out the strategic rePower project during 2025–2026, which involves installing photovoltaic power plants and energy storage systems for vulnerable consumers, funded through the NRRP (National Recovery and Resilience Plan).

In 2024, the group allocated over 520,000 lei for sponsoring educational and sports initiatives at the national level, demonstrating a consistent commitment to community support and development. ELBI also continues to implement energy efficiency initiatives and develop products with a low environmental impact, in line with market sustainability requirements.

A changing market and 2025 trends

The European low-voltage electrical equipment sector has been affected by a decline in construction activity, particularly in commercial real estate, due to high interest rates. Nevertheless, ELBI Group has strengthened its position as the national leader in electrical equipment distribution and public lighting project execution. Rising demand for energy-efficient products, integrated solutions, and fast delivery is shaping the new market directions. The company is leveraging these trends and continuously invests in process automation and modernizing its product offerings.