The company’s revenues reached RON426.7 million, up 28.6% on the year-ago period, while expenses rose 33.7% to RON469.4 million.
“The company’s operating results have improved in 2022 and according to the budgets, volumes are expected to increase in the coming years, which will generate positive operating results,” ArcelorMittal Hunedoara writes in the financial report.
The company has recently said it reduced its activity as of June 20, 2022 and provided 75% of employees’ basic salary, the decisions having been made amid a lack of orders and thus production volume. In the first quarter of 2022, it posted RON29.7 million loss.
Held 96.5% by ArcelorMittal Holdings, the company listed on the Bucharest Stock Exchange’s AeRO market has a capitalization of RON34.5 million.
(English version by Loredana Fratila-Cristescu)