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Telekom Romania Mobile ended Q1 2022 with growth on all key performance indicators

Wednesday, May 18, 2022

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Telekom Romania Mobile’s total revenues have increased 1.6% year on year in Q1 2022 to 78.4 million euro, considering the impact of wholesale (MVNO) and other income related to the fixed operations. Service revenues were affected by sharp cuts in mobile termination rates, which were reduced by 8% on July 1, 2021 and another 21% at the start of 2022, according to a company’s press ...

Envipco launches its first factory in Romania in Sebes, Alba Iulia

Wednesday, May 18, 2022

Envipco, a global company that produces RVM systems for collecting beverage packaging, launches its first factory in Romania and will install “reverse” vending machines in multiple locations in Romania.   The factory launch represents a national premiere, with Envipco pioneering the market in the production of intelligent collection equipment   The new factory ...

Sphera Franchise Group registers record sales in Q1 2022, up 31.8% compared to Q1 2021

Wednesday, May 18, 2022

Sphera Franchise Group (“Sphera”) recorded in Q1 2022 restaurant sales of RON 278.6 million, up 31.8% compared to Q1 2021. In terms of total revenues on the Romanian market, Sphera’s result grew 28% in Q1 2022, compared to Q1 2021, and 4.5% compared to Q4 2021.   Sales in Romania contributed with RON 241.6 million to total revenues, up 28% in Q1 2022 compared to the same period of last year, Italy with RON ...

Policolor – Orgachim Group reports EUR 79 M turnover

Wednesday, May 18, 2022

Policolor – Orgachim Group, with extensive activities in the field of production and sale of varnishes, paints, resins and specialty chemicals, both in Romania, Bulgaria and other markets in Europe and Asia, reports a 79 million euro turnover in 2021, representing an increase of 24% compared to the previous year, on grounds of an extensive business transformation process, started in March 2021.   Last year, the ...

Vodafone Romania reports the Q1 2022 financial results, slight revenue decrease

Wednesday, May 18, 2022

Vodafone Romania announces the key performance indicators for the financial year ended March 31st, 2022, as reported today by Vodafone Group Plc. The service revenue is at EUR 764 million.   Compared with last financial year, the organic service revenue registered a decrease of 0.1% (organic service revenue growth rate).Vodafone Romania customer base reached 11.1 million at March 31st, 2022, and it includes clients of ...

Thales signs an agreement with Sonae Investment Management

Wednesday, May 18, 2022

Thales announces the signature of a definitive agreement with Sonae Investment Management to acquire two of European leading cybersecurity companies, S21sec and Excellium, gathered under the holding company Maxive Cybersecurity.   This acquisition will complement Thales’ cybersecurity portfolio, strengthening its incident detection and response services (Security Operations Centre – ...

Etex Building ‘s 2021 turnover in Romania up 20% y/y

Wednesday, May 18, 2022

Belgian-owned building materials manufacturer Etex Building performance announced on Friday it had recorded a 20% year-on-year turnover increase in 2021 on the Romanian market, to a total of 295 million Romanian lei ($62.15 million, 59.63 million euro).   Operating under the Siniat Romania brand, Etex Building Performance attributed the growth to the positive impact of the residential, industrial, and ...

One United Properties posts a turnover of EUR 70.5 million and a gross profit of EUR 42 million in Q1 2022

Wednesday, May 18, 2022

One United Properties the leading Romanian green developer of residential, mixed-use and office real estate, recorded a consolidated turnover of 70.5 million euro in the first three months of 2022, an 81% increase compared to Q1 2021. The gross profit increased almost fourfold in Q1 2022 compared to Q1 2021, reaching 42 million euro, while the bottom line surged 314%, amounting to 33.6 million euro. Due to the solid results in the first quarter, the cash position ...

Coface: The number of insolvent companies in Central and Eastern Europe is expected to increase in the coming quarters

Wednesday, May 11, 2022

Corporate insolvencies in Central & Eastern Europe (CEE) increased in 2021, almost reaching pre-pandemic levels in most countries, after a drop of proceedings in 2020. Seven countries experienced a higher number of insolvencies (Bulgaria, Czech Republic, Hungary, Lithuania, Poland, Romania and Slovakia), and five countries recorded a decrease (Croatia, Estonia, ...

Dent Estet Group recorded business figure of 107.6 million lei, on the rise by 60% against 2020

Wednesday, May 11, 2022

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Dent Estet Group, from MedLife Group, recorded a business figure of 107.6 million lei in 2021, on the rise by 60% against 2020, when it reported a business figure of 67.1 million lei.   The Group opened new clinics and recorded an increase by 64% of clinic incomes in Brasov and by 57.5% in Sibiu in the evolution of the number of ...

Aerostar, net profit of over 20 million RON, in first trimester

Wednesday, May 11, 2022

Aerostar Bacau has registered during the first trimester of 2022 a net profit of 20.047 million RON, 4.1% more when comparing with the similar period of last year, of 19.247 million RON, according to the financial results published on Friday on the Bucharest Stock Exchange.During the mentioned period, Aerostar has registered a turnover of 104.304 million RON, up from the first trimester of 2021, when it was 91.719 million RON.Export sales have also ...

Completion of OncoCard Hospital Brasov acquisition

Wednesday, May 11, 2022

MedLife Group finalized the acquisition of OncoCard Brasov after the approval of the transaction by the Competition Council. With its completion, the aggregate leader of the private medical services market has become the largest medical services operator in the diagnosis and treatment of cancer in Romania.   It is one of the most important transactions of the first half of this year that comes to consolidate with Neolife ...

2Performant posts a turnover of RON 8.4 million in Q1 2022, a 53 pct. increase

Wednesday, May 11, 2022

2Performant (BVB: 2P), a technology company and leader in the Romanian affiliate marketing market, posts a turnover of 8.4 million lei in the first quarter of 2022, up 53% compared to the same period last year. The registered loss’s net result was lower than the estimated one, 1 million lei against 1.7 million lei.   “After two years of the pandemic, in which 2Performant has grown steadily, we continue to adapt ...

Amber posts a turnover of RON 126.8 million in 2021, a 56 percent increase compared to 2020

Wednesday, May 11, 2022

Amber, the largest Romanian independent game development studio, posts a record turnover of 30.5 million USD (126.8 million lei) in 2021, a 56% increase year on year.   “2021 has been an excellent year for Amber, a year when we saw massive growth in the sales pipeline, driven by the investments carried out over the last few years in strengthening our development teams and our sales organization. We have ...

BASF Group 1st Quarter 2022: BASF achieves strong EBIT before special items despite significantly higher energy and raw materials prices

Wednesday, May 4, 2022

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  - Sales grow to €23.1 billion (plus 19%) - EBIT before special items of €2.8 billion (plus 21%) -  Outlook from February 25, 2022, maintained for the 2022 business year   The first quarter of 2022 was characterized by significantly higher energy and raw materials ...

Ticketing and cashless payments solution Oveit announces partnership with deep-tech company Humans.ai

Wednesday, May 4, 2022

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* Through the partnership with Humans.ai, Oveit plans to bring AI powered NFTs to live stream shopping   Oveit, ticketing and cashless payments company headquartered in Austin TX, ...

The Competition Council approved the transaction through which Geiger Group Romania takes over Consal

Wednesday, May 4, 2022

  ‘The Competition Council approved the transaction through which Geiger Group Romania SRL takes over Consal SRL. Geiger Group Romania SRL, which belongs to the group of companies owned by the Geiger family from Germany, is a holding company which manages the shares of the Geiger group from Romania’ announces the competition authority.   ‘Following the analysis, the Competition ...

TEILOR Holding posts a combined turnover of approximately RON 283 million in 2021

Wednesday, May 4, 2022

TEILOR Holding SA, a group of companies that includes the chain of luxury jewelry stores, TEILOR, the financial lending company Invest Intermed GF IFN, and Teilor Invest Exchange, posts a combined turnover of the three entities of 282.7 million lei, an increase of 47% compared to 2020, EBITDA of 45.3 million lei, an appreciation of 10% than in 2020 and a net profit of 26.7 million lei, a decrease of 13%.   “In 2021, ...

Deutsche Telekom still seeking buyer for its Romanian mobile telecom operations

Wednesday, May 4, 2022

Hellenic Telecommunications Organization (OTE, Greece) and its main shareholder Deutsche Telekom (Germany) resumed operations to identify a buyer for their mobile business in Romania. The dedicated mergers and acquisitions team submitted presentation documents addressing potential buyers in January.   "OTE has resumed addressing potential buyers, and the documents started being sent to them during the ...

Fondul Proprietatea has Romanian Govt.'s support for 49% IPO at salt company Salrom

Wednesday, May 4, 2022

Romania's Government will support Fondul Proprietatea in its attempt to list the shares of the salt company Salrom on the Bucharest Stock Exchange (BVB) under an IPO likely to take place in the first half of next year, minister of economy Florin Spataru announced.   Fondul Proprietatea holds 49% of Salrom. "In May next year, Salrom's shares will be listed. (…) Fondul Proprietatea wants to exit and sell its shares on ...

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