EBITDA stood at RON4.9 million in the first quarter of 2024 and was 71% lower than in the first quarter of 2023.
On an individual basis, the company made RON1.1 million net profit in the first quarter of 2024, down from RON12.8 million in the same period in 2023, while revenue stood at RON35.1 million, down 26%, according to data from the quarterly financial report published on the Bucharest Stock Exchange.
Cemacon has a capitalization of RON404 million and is 80.6% held by Paval Holding, while PIF Industrial holds 16.8%. Both investment vehicles are owned by brothers Dragos and Adrian Paval, who also own DIY retailer Dedeman. Cemacon’s shares have gained 4.7%$ this year, on a traded volume of RON3.2 million, Bucharest Stock Exchange data show.
(English version by Loredana Fratila-Cristescu)