“For 2017, we estimate a turnover of nearly EUR92 million and the envisaged increase will come from promoting smart meters in other countries in and outside Europe,” AEM Timisoara president Olimpia Moica said on Tuesday.
In 2016, AEM manufactured nearly two million smart meters and aims to produce 2.2 million units in 2017.
“The company supplies meters to Italy, Germany, India, Egypt and Croatia. Nearly 60% of the company’s 2016 turnover came from exports,” Moica added.
The company currently employs 1,400 people and the average gross wage reaches RON2,100.
The company is held by three majority shareholders, namely, Claudiu Radulescu Nicolae (50.3%), Ionel Pepenica and Olimpia Moica (49.7%).