On January 10, 2022, Altur announced through a report to the Bucharest Stock Exchange that it would issue bonds of up to RON10 million, with a maturity of three years and an interest rate of 7% per year. Subscription took place between January 11 and 21, 2022.
Altur ended the first three quarters of 2021 with RON69 million revenue, compared with RON52 million in the similar period of 2020, and a loss of RON3.4 million, down from RON4 million at the end of September 2020.
The company earns revenue from sales on its home market (Romania), but primarily exports. The external market accounts for over 79% of sales. Poland attracted 35% of sales last year, ahead of Germany, which fell to 20%, while the United Kingdom attracted 21% of exports.
Investor Adrian Andrici has a 27.9% stake in the company and Mecanica Rotes has a 28.15% stake.
Altur’s market capitalization stands at RON18.6 million after the company’s shares fell 21% in the last 12 months, amid transactions of RON1.9 million.
(English version by Loredana Fratila-Cristescu)