Total revenues from operations reached RON394 million, from RON326 million. Operating expenses climbed to RON343 million from RON255 million, up 34%.
„From the turnover achieved, the company sold on the domestic market products and services worth 65,687 thousand lei and on the foreign market products and services worth 295,836 thousand lei. Approximately 82% of the turnover represents export sales. The customers of AEROSTAR are located in Europe, Asia, Africa, USA and Canada,” reads the company’s report.
Compared to the same period last year, the percentage of export sales has increased in Europe, where we provide maintenance services for civil aviation, aviation products (landing gear systems, mechanical parts, assemblies and sub-assemblies), electronic equipment and ground equipment.
„In Asia and Africa, we provide civil aviation maintenance services and in Canada we supply aviation products. In Romania we provide repair services for military aircraft and repairs of electronic parts and components for military aircraft, upgrades, integrations and maintenance for military aviation systems, repair services for systems and launchers and civil aviation products”.
Aerostar is majority owned by IAROM SA Bucuresti, with a 71.5% stake, and 15.2%-owned by Evergent Investments (EVER.RO).
Since early 2023, the company’s shares have climbed by almost 8%. Aerostar has a RON1.26 billion market capitalization.
(English version by Catalina Apostoiu)