The money raised from the capital market investors will support the company’s development, by attracting team professionals, promoting, and developing the platform and technological solutions developed in-house. The funds can also be used for investments in companies in the field of online services (fintech, marketplace).
“Capital market resources will go once more directly into the local economy, by developing BestJobs business. It will go also, indirectly, into the lives of millions of BestJobs users, employers, employees, or future employees, that will benefit from investments made with funds attracted from investors. Good luck to BestJobs team!”, said Radu Hanga, Bucharest Stock Exchange President.
The listing of the bonds follows a private placement of bonds carried out between May 6th and 17th, 2021, through which the company issued 6,742 corporate bonds denominated in EUR, with EUR 500 value per bond. The bonds have an interest rate of 5.8% p.a. and will reach maturity on May 20th, 2026. 106 investors subscribed during the private placement, out of which 14 qualified investors and 92 retail investors. The company thus attracted EUR 3,371,000 from the capital market investors. The private placement and listing of the bonds were done with the support of TradeVille.
“At BestJobs we are constantly developing new technologies, smart recruitment solutions for improving professional development. We continue to build even now, faster than ever. We are grateful for the trust investor gave to BestJobs management team”, said Calin Fusu, BestJobs CEO.
With over 20 years of experience, detached in 2010 as a stand-alone company from Neogen SA, the BestJobs platform integrates state-of-the-art digital technologies, including an online marketplace with full recruitment agency services. By 2023, the company aims to reach 6 million CVs on the website, after already registering 4.6 million CVs in the first months of this year. In 2020, in a pandemic context, the number of job applications published on the BestJobs platform increased by 29.3% compared to 2019 (5,877,566 applications in 2020 vs. 4,544,130 in 2019).
The company’s revenues come from the promotion of jobs on the BestJobs platform. The company reported a turnover of RON21.3 million in 2020, down 30.2% from 2019, while other operating income stood at RON140.896. The company’s net profit reached RON2.1 million in 2020, lower than a net profit of RON7.8 million in 2019. In the first quarter of 2021, the company reported a turnover of RON6.68 million and a net profit of RON1.7 million. The company targets a turnover of RON39.2 million and a net profit of RON8.9 million at the end of 2021. It had 33 employees at the end of 2020, fewer than 50 employees in 2019.
BestJobs Recrutare is majority held by Neogen S.A. with 99.9988% of the shares. Neogen S.A. is owned by Calin Fusu, with 67%.