“I decided to accept a professional opportunity that I consider the second big challenge in my life, after taking over the management of CEMACON. I am satisfied that I leave behind, for future generations, a model of restructuring and business development and a brand that represents a force on the Romanian construction market,” Liviu Stoleru said.
“I had a vision, I had the audacity, I built a team that worked side by side with me and we managed to be one step ahead of the times together, to prove that Romanians can also perform. I am confident that the team we created here will find the motivation and resources to write new successful chapters in the history of CEMACON. Daniel has been with me from the beginning and will continue to build what we started together.”
The company says that under Liviu Stoleru’s management, Cemacon achieved one-of-a-kind financial performance, such as operating profit rates of more than 30%, and net profits rates of more than 20%, which are usually found in sectors with less competition that the construction material industry.
Cemacon shares have gained 130% on the stock market this year, following transactions of RON135 million. Its capitalization stands at RON387 million.
Cemacon Cluj ended the first nine months with RON133.6 million revenue, an increase of 40% and RON42.6 million net profit, 88% higher than in the year-ago period, according to its financial report filed with the Bucharest Stock Exchange.
Its majority owner is the holding company of the Paval brothers, owners of the DIY retail chain Dedeman.
(English version by Loredana Fratila-Cristescu)