“Hidroelectrica is the most valuable state-run company in Romania, reporting truly remarkable profits in the first half of 2021, which is why we are honored to contribute to developing a successful company, of this size. This contract means extra credibility both for partners in Romania and for large companies in Europe which we are targeting in the near future. Our growth strategy includes expansion into global markets and our hands-on experience, the quality of services and our excellent response time are our undeniable advantages”, said Andrei Botis, CEO of Appraisal & Valuation SA.
Hidroelectrica ended the first half of 2021 with a turnover of RON3.2 billion, up 77.9% year-over-year.
Appraisal&Valuation reported a turnover of RON2.76 million, up 20.5% year-over-year, and its net profit grew 17% to RON363,065.
Appraisal & Valuation shares are listed on the AeRO market of the Bucharest Stock Exchange under the ticker symbol APP. The listing of Appraisal & Valuation follows the private placement of new shares held in June 2021. The company issued 387,000 shares at RON11.5/share, and managed to attract RON 4.4mn from the capital market. The private placement and the listing were possible with the support of TradeVille.
The company was established in 2010, as a limited liability company, and on May 6, 2021, its legal status was changed into joint-stock company. Appraisal & Valuation has been the exclusive representative of NAI Global in Romania since 2012. The company has continued its development and in 2019, it opened a unit in the Republic of Moldova, through the company Activ Global Properties SRL, headquartered in Chisinau, which provides appraisal services across Moldova. In 2020, the unit became a NAI Global partner in Moldova. Appraisal & Valuation is 67.8% by Ioan Botis, founder and president.
In May 2021, Appraisal & Valuation signed a strategic partnership with Transilvania Broker, the fourth largest player on the Romanian insurance brokerage market, providing appraisal services exclusively to TBK clients, thus contributing to accessing the insurance market and, implicitly, some new client categories.
NAI Global is a global commercial real estate brokerage firm focused on buying, leasing, selling, financing and managing commercial property. It has 5,000 professionals and 375 offices across 55 countries.
Appraisal & Valuation SA is a corporate member of the National Association of Licensed Appraisers (ANEVAR)
Appraisal & Valuation’s development strategy for 2021 – 2023 considers expanding its business by mergers and acquisitions of companies in the valuation sector, as well as attracting more professional staff. The Appraisal & Valuation team also aims to expand into other markets.