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Home decor retailer Vivre Deco sees 45% drop in sales in first half

Wednesday, September 7, 2022

Romania-based Vivre Deco, one of the largest online home and lifestyle retailers in Central and Eastern Europe, saw its turnover decrease by 45% in the first half of this year, forcing its current management toward drastic cuts.   The company’s bonds recorded another steep drop on the Bucharest Stock Exchange after the report. The decrease in turnover was determined by the cumulative effect of some unfavorable ...

8,275 companies in Romania suspend business Jan.-July, 2022

Wednesday, September 7, 2022

There were 8,275 companies in Romania that suspended their business in the first seven months of 2022, up 19.15% y-o-y, according to data published by the National Companies Registry Office (ONRC).Most of them operated in Bucharest, 867 (up 13.78% from January - July 2021), and the counties of Cluj - 410 (up 9.92%), Iasi - 375 (+36.36%), Neamt - 328 (+22.39%) and Brasov - 328 (+31.20%).The fewest suspensions were recorded in the counties of ...

IAR Brasov H1 net profit down 6% y/y

Wednesday, September 7, 2022

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Romanian aerospace manufacturer IAR Brasov said on Wednesday its first-half net profit decreased by 6% on the year to 17.2 million lei ($3.53 million/3.54 million euro).   The company registered a turnover of 199 million lei at the end of June 2022, up from 167.5 million lei at the end of the same period last year, IAR Brasov said in a statement filed with the Bucharest Stock ...

33pct more newly established companies running on foreign capital 7 months into 2022

Wednesday, September 7, 2022

The number of newly established companies running on foreign capital in Romania increased, in the first seven months of 2022, by 33%, compared to the similar period in 2021, to 4,129 units, according to the data centralised by the National Trade Register Office (ONRC).The 4,129 new companies had a subscribed capital in the total amount of 22.403 million dollars, 15.2% lower than that of the companies registered between January and July 2021, of 26.413 million ...

Autonom Services reports in the first semester a net profit up 42% compared to S1 2021

Wednesday, September 7, 2022

Autonom Services SA, the most extensive mobility network in Romania, ends the first semester of 2022 with double-digit growth results on all main business lines. The company recorded total revenues of 239.8 million lei (35% increase) and a net profit of 17.8 million lei (up 42%), compared to the same period last year. Also, assets increased by 38.1% from December 31, 2021, reaching a total value of 1.3 billion at the end of ...

Aquila reports a net profit up 74% versus the first semester of 2021

Wednesday, September 7, 2022

Aquila, market leader in the integrated distribution and logistics services, reported a net profit of 32 million lei on June 30, 2022, up 74% compared to the result recorded in the first half of last year.   The acquisition of the Trigor company, in the first half of 2021, contributed with 3.4 million lei to Aquila’s profitability, respectively 2.5 million lei more than the same period of the previous year, according ...

TTS Group net profit grew by 124.5% to 61.3 million lei in semester 1

Wednesday, August 31, 2022

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TTS (Transport Trade Services), the main supplier of integrated logistic services on the Danube, listed on the Bucharest Exchange, reported a net profit of 31 million lei, on the rise by 75.3%, in the first part of the year. TTS Group had a volume of 7.68 million tons of goods transported on the river and operated in ports in the first semester, 4.38% higher and a net profit going up by 124.5% to 61.3 million lei. The TTS Group ...

DN Agrar Group estimates a turnover of RON 80 million this year

Wednesday, August 31, 2022

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DN Agrar Grouo SA (BVB : DN) the biggest integrated livestock farm in Romania, with cow’s milk production and plant production, announced on Wednesday that it estimates a turnover of RON 80 million in 2022, supported mainly by the acquisition of the Apold farm, made at the beginning of April. The total assets as of December 31, 2021, with the inclusion of new companies, are 218,74 million lei, 50% higher than in ...

Sphera Franchise Group delivered the best sales quarter in history in Q2 2022

Wednesday, August 31, 2022

Sphera Franchise Group (“Sphera”) delivered the best sales quarter in history in Q2 2022, with revenues amounting to RON 327.4 million, a 40% increase compared to Q2 2021. All three brands – KFC, Pizza Hut and Taco Bell – registered record sales across all markets – Romania, Italy and the Republic of Moldova – in a rapid ramp-up following the lifting of the COVID-19 restrictions. The significant increase versus ...

Over 3,900 companies and self-employed persons go insolvent over Jan - July 2022

Wednesday, August 31, 2022

The number of companies and self-employed persons (PFAs) going insolvent increased by 11.14 percent in the first seven months of 2022 compared with the year-ago period, to 3,932, according to data published on the website of the National Trade Register Office (ONRC).Most insolvent companies and PFAs were reported in Bucharest City, at 663, down 0.90 percent from January - July 2021. Next in the insolvency ranking are the counties of Bihor - with 335 ...

Altur ends first semester with a net profit of 4.885 million RON

Wednesday, August 31, 2022

 In the first half of 2022, Altur recorded a net profit of 4.885 million RON, compared to losses of 836,678 RON in the similar period of 2021, according to the report submitted to the Bucharest Stock Exchange on Monday.The turnover increased by 53% compared to the January-June 2021 period, to 73.362 million RON, due to the increase in the LME quotation for aluminum alloys and the value added to the products sold to the main customers.The ...

Bittnet Group posts RON 70 million consolidated revenues in the first half of 2022

Wednesday, August 31, 2022

  Bittnet (BNET), a group of IT companies listed on the Main Market of the Bucharest Stock Exchange, posts 70 million lei consolidated revenues in the first six months of the year, a 45% increase compared to the same period in 2021, and a gross margin which reaches the value of 17.9 million lei, compared to 10.5 million lei in S1 2021.   Also, the operating profit recorded in H1 2022 is more than triple, at 3.6 ...

Turbomecanica reports 757,364 lei in H1 2022 net profit

Wednesday, August 31, 2022

In H1 2022, Turbomecanica recorded a net profit of 757,364 lei, down 12.26% from H1 2021, according to a financial report submitted on Friday to the Bucharest Stock Exchange.The company's H1 2022 gross profit was 1.18 million lei, as against 1.378 million lei in H1 2021.The company's turnover in the first six months of 2022 amounted to 57.705 million lei, up 10.5% from January-June 2021. Its operating income totalled 62.031 million lei, against ...

MedLife reports 28% increase in turnover in first half of 2022

Wednesday, August 31, 2022

MedLife's business increased by 28% in the first half of the year compared to the same period in 2021, up to the value of 865 million RON, according to the data of the medical services company, published on Friday."In addition to the services offered at the national level, MedLife also integrated wellness services this year. The company's vision for a healthier patient means including them in medical subscriptions with the same tax benefits for employees. One of ...

IMMOFINANZ with very good first half-year in 2022: FFO 1 increases by 6%, net profit reaches EUR 163 million

Wednesday, August 31, 2022

IMMOFINANZ closed the first half of 2022 with very strong performance: Rental income reached a high level of EUR 144.2 million, the results of asset management improved by 3.0% to EUR 110.0 million, and sustainable FFO 1 from the standing investment business rose by 6.1% to EUR 78.7 million.   Net profit equalled EUR 162.7 million, whereby the first half of the previous year was ...

Cargounit enters the Romanian railway market

Wednesday, August 31, 2022

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The largest Polish locomotive leasing company is expanding its activity to the Romanian market after delivering a new Smartron class locomotive. The move is part of Cargounit’s more extensive expansion process, which will see it develop its activities across the Central and Eastern European (CEE) region. Cargounit is owned by the Three Seas Initiative Fund (3SIIF), the investment arm of the Three Seas Initiative, whose initiators, co-founders, ...

One United Properties posts 136 pct higher net profit in H1

Wednesday, August 24, 2022

Green developer and mixed-use property investor One United Properties recorded a net profit of 347.8 million RON in H1 2022, up 136 percent year-over-year, and a consolidated turnover of 675.9 million RON, by 56 percent higher compared to H1 2021, the company said in a statement. (1 euro = approx. 4.9 RON, over January - June 2022)The company's pre-tax profit more than doubled compared to H1 2021, reaching 389.8 million RON."The residential and ...

The net profit of Chimcomplex dropped by over 41% in Q1

Wednesday, August 24, 2022

Chimcomplex, the largest chemical polyol producer in Eastern Europe, ended the first semester of the year with a net profit of RON 165,65 million, down by 41,4% compared to the same period last year. The turnover increased by 7% to RON 1,221 billion, an evolution determined by the sales prices that increased especially for chlorosodic products, as a result of the increase in manufacturing costs in the context of the increase in utility purchase ...

Aerostar reports net profit of almost 49 million RON on H1

Wednesday, August 24, 2022

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 Aerostar has registered during the first 6 months of this year a net profit of 48.829 million RON, which is 14.6% higher than the one obtained during the similar period of last year, of 38.998 million RON, according to the report sent to the Bucharest Stock Exchange on Friday.The company's turnover has gone up to 200.412 million RON during the mentioned period (+14.67%), and export sales went to 147.748 million RON (30.6%).The company's gross ...

Zitec recorded businesses of 12 million euros in first 6 months

Wednesday, August 24, 2022

Zitec, a company in the IT& Digital Marketing market in Romania, specialized in the development of solutions and services of digital transformation, recorded a business figure of 12 million euros in the first half of 2022, on the rise by 63% compared to the same period of 2021.   “Zitec, an IT & digital marketing in Romania,specialized in developing solutions and services of digital ...

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