Operating expenses should climb by 27%, to RON28.9 million, while the operating margin would hit 37%, from 30%. The net margin targeted by the operator of the local capital market stands at 39%, 5% above the 2022 one.
“Hidroelectrica IPO, expected to take place in the first half of 2023, has the potential to significantly improve the parameters of Romania capital market. (…) To best prepare the offering, the Bucharest Stock Exchange plans to carry out significant market promotion activities to the end of attracting as many investors as possible,” reads the business and budget plan.
BVB also maintains the success of Hidroelectrica offering has the potential of relaunching the primary market and can support the objective related to MSCI’s upgrading the local bourse to the emerging market status.
(English version by Catalina Apostoiu)