“Autonomy Services S.A. (the “Company”) informs investors about the signing of a contract with BRD – Groupe Société Générale S.A. (“BRD”) as an intermediary, in connection with the intention to launch a corporate bond issuance (the “Issuance”) in the last quarter of 2024. Given the ongoing projects, to further support both current and investment activities, the Company informs all interested parties about the possibility of implementing the Issuance in the near future, including the possibility of aligning the bonds within the Issuance with sustainability objectives”, the report reads.
According to the report, “at this moment, no decision has been made regarding the implementation of the Issuance. The decision will be made later by the Company’s competent statutory bodies, based on the results of the internal analysis conducted with the support of BRD, as well as market conditions. The terms and conditions of the Issuance will be determined at a later date, taking into account the specificities of the local bond market.
The company reported operating income of RON728 million for 2023, up 12% on the year, and net profit of RON31.9 million, down 45% from 2022.
Of the total revenue, the bulk (RON257 million) came from operating leasing services, and RON160 million from the sale of vehicles from the car fleet and of equipment for rent. Other RON120 million came from car rentals.
Total operating expenses stood at RON628 million, up 13% from the previous year.
The company had an operating profit of RON100 million, up 4.7% on the year. Autonom’s total assets grew to RON1.59 billion in 2023, from RON1.39 billion in 2022.
Last autumn, the group launched a new ride hailing service on Bucharest market, called Blue, in the wake of a EUR5 million investment.
Autonom operates on the operating leasing and rent-a-car market and has bonds listed at the Bucharest Stock Exchange unde the symbols AUT26E și AUT24E.