In line with the report published at the BVB, between the two companies there are mutual debts, with Romcab having EUR21.012.986,84 to recoup.
The company’s shares lost 30% when it stated its majority stakeholder entered bankruptcy. Also, in April, Romcab management mentioned the possibility of the company entering bankruptcy in the next quarter.
Romcab has a bourse valuation of around RON35 million, after its shares have lost 57% this year and 69% in the past 12 months amid deals worth RON1.1 million and RON1.8 million, respectively.
The company reported RON477 million turnover for 2023, down 75% from 2022, and RON16 million profit, 76% lower. In Q1/2024, Romcab registered RON36.6 million net losses, against a net negative result of RON1.76 million in the same period of last year.
(English version by Catalina Apostoiu)