Electromagnetica is currently one of the largest companies on Rasdaq market, with EUR42 million in capitalization, and the company’s shares are among the most liquid on this segment. The company’s stock has been gradually acquired by SIF Oltenia (SIF5.RO), which lifted its stake in the company by almost 7% since late 2009 to around 17% at present.
Electromagnetica in 2009 and 2010 generated record high profits and rising sales. However, in the first half of this year, the company’s income halved though its turnover advanced further, by 6.1%, to 245.5 million lei (EUR56.4 million).
(English version by Catalina Apostoiu)