ZF

BRD Sees Net Profit Down 5% To RON326M, New Loans Up In Q1

Thu, 02 May 2024 20:33:21 GMT

BRD (BRD.RO), the fourth largest bank by assets in Romania, ended the first quarter of 2024 with a slightly lower (5%) net profit, RON326 million, while lending to individuals and companies grew at double-digit rates, the lender said in a report to the Bucharest Stock Exchange.

Leoni Closes Ludus Plant In Romania

Thu, 02 May 2024 19:48:51 GMT

Leoni Group, which produces wiring harnesses for the automotive industry and employs 12,000 people in several factories in Romania, has announced that it will close its factory in Ludus, Mures County.

Coca-Cola HBC Romania Sales Shrink By Over 10% In Q1

Thu, 02 May 2024 18:08:40 GMT

Coca-Cola HBC Romania, the leader in the soft drinks market, recorded a decline in volumes of more than 10% (low-double digits) in the first quarter, driven by Sparkling and Stills beverage categories, the group says in its latest financial report.

Romania Forex Reserves Shrink To EUR62.5B In April 2024

Thu, 02 May 2024 17:23:29 GMT

Romania's foreign exchange reserves stood at EUR62.5 billion at the end of April 2024, lower by EUR1.7 billion compared with EUR64.2 billion on March 31, 2024, central bank data showed on Thursday (May 2, 2024).

BCR Romania Manufacturing PMI Over 50 Points For First Time

Thu, 02 May 2024 15:52:11 GMT

The BCR Romania Manufacturing PMI index, which assesses the state of the manufacturing industry in accordance with Standard &Poor’s standards, reached more than 50 points in April, which could be the first clear sign of rebound for the Romanian manufacturing sector, although the recovery is expected to be non-linear, a report by Erste Group published on Thursday shows.

BT Leasing Transilvania IFN Hits RON149M Net Profit in 2023, Up 90% YOY

Thu, 02 May 2024 11:00:32 GMT

BT Leasing Transilvania IFN, the financial leasing arm of Banca Transilvania group, ended 2023 with net individual profit of RON149 million, up 90% year-on-year, amid net interest income of RON166 million, 101% higher, in line with ZF calculations based on the company’s financial report.

CEC Bank Group Generates RON540M Net Profit in 2023, Up 27%

Thu, 02 May 2024 08:36:21 GMT

CEC Bank group in 2023 registered net profit worth RON540 million, 27% higher than in 2022, in the context where the bank reported RON515 million net profit, up 21%.

Budapest-Based Indotek Group Invests EUR16M To Renovate Plaza M of Targu Mures

Thu, 02 May 2024 06:46:37 GMT

Indotek Group, a Budapest-based European real estate investment group, has invested EUR16 million to refurbish and rebrand Plaza M shopping center of Targu Mures, previously known as Promenada Mall.

Raiffeisen Bank Romania Ends Q1/2024 with RON390M Net Profit, Down 5.7% from Q1/2023

Thu, 02 May 2024 06:10:53 GMT

Raiffeisen Bank Romania, the sixth largest bank by assets in Romania, ended the first quarter of 2024 with RON390 million net profit, down from RON414 million in the year-earlier period, as a result of increased operating expenses, higher personnel costs, IT investments.

Star Storage Ends 2023 with over RON4M Losses, RON33M Turnover

Thu, 02 May 2024 05:59:13 GMT

Star Storage, one of the best-known local IT companies, which entered insolvency this January with total debts of RON52 million, in 2023 registered a RON4.5 million net loss and RON32.8 million turnover, up 12% from 2022.

Christian Tour In Talks to Acquire Some Market Players

Thu, 02 May 2024 05:50:53 GMT

Cristian Pandel, CEO of tour operator Christian Tour, a major player on Romania’s tourism market, plans to acquire some market players to expand the company. The travel agency is already in talks to take over some market operators.

Fox Com Serv Sees 2023 Turnover Rise 33% To RON477M

Thu, 02 May 2024 05:44:31 GMT

Fox Com Serv, the largest company part of Fox group, operating in the field of meat processing, in 2023 generated RON477 million turnover, up 33% from 2022.

F64 Ends 2023 With Over RON150M Turnover, Up 10% YoY

Tue, 30 Apr 2024 21:38:17 GMT

The company F64 Studio, which operates Romania’s biggest photo-video equipment retailer, ended 2023 with a turnover of RON150.7 million, up nearly 10% compared to RON137.3 million reported for 2022, in line with data published on the finance ministry website.

Chimcomplex Expects RON80.5M Net Profit And RON1.7 Operating Revenue In 2024

Tue, 30 Apr 2024 19:52:49 GMT

Chemicals producer and supplier Chimcomplex Borzesti (CRC.RO) has budgeted RON80.5 million net profit for 2024, up 7.3% compared with last year, when it shrank from RON266 million to RON75 million.

Sarantis Overshoots RON500M Turnover Mark In Romania In 2023

Tue, 30 Apr 2024 19:45:43 GMT

Cosmetics and consumer goods producer and distributor Sarantis, held by the Greek group by the same name, reached a turnover of RON531 million in Romania in 2023, up nearly 15% versus 2022, and thus maintained a growth pace similar to that in the previous financial year, in line with calculations by Ziarul Financiar (ZF) daily based on data available on the finance ministry website.

Imobiliare.ro: Supply Shrank 7%, Demand Rose 3% In Romania In Q1

Tue, 30 Apr 2024 19:24:42 GMT

Supply on the real estate market in Romania continued to shrink in the first quarter of 2024, increasing only in Brasov of all regional centers, imobiliare.ro data show.

Piletilevi Group, With Majority Stake In Bilete.ro, Continues Regional Expansion By Acquiring Two Polish Ticket Sales Companies

Tue, 30 Apr 2024 18:35:51 GMT

Piletilevi Group, the largest and best-known ticket sales platform in the Baltic states, which bought the majority stake in Bilete.ro in summer 2023, continues its expansion in the region with the acquisition of a majority stake in two Polish ticket sales companies – kicket and Biletomat, respectively.

Transport Trade Services Shareholders Approve Distribution Of RON68.4M As Dividends

Tue, 30 Apr 2024 17:21:24 GMT

The shareholders of Danube freight carrier Transport Trade Services (TTS.RO) approved in their general meeting of April 30, 2024 the distribution of RON68.4 million as dividends, from the 2023 profit.

Cometex To Open New Retail Park On May 1 Following Investment Of Over EUR5M

Tue, 30 Apr 2024 16:03:12 GMT

Cometex, the real estate division of Altex Group, the leader of the Romanian electro-IT market and one of the three leading Romanian entrepreneurial companies, will be opening on May 1, in the town of Valenii de Munte, a retail park of 3,000 square meters, following an investment of over EUR5 million.

Agroland Business System Eyes 23% Increase In Turnover, 164% Surge In Net Profit In 2024

Tue, 30 Apr 2024 15:03:20 GMT

Agroland Business System (AG.RO), which owns the largest farm supply store chain in Romania, has budgeted, at consolidated level, net sales of RON344.6 million for 2024, up 23% compared to the result reported in 2023, and an operating profit of RON22.1 million, up 98% on the year.