„All these results came in an economic context quite difficult to anticipate, with many changes in the area of energy resources, the increase in interest rates and a generalized inflation. Not having predictability and stability of costs for electricity and gas, we managed to make the investment in the cogeneration plant, implemented in May 2021,” reads the company’s report.
Also in 2022 Cemacon received a non-refundable financing of 45% of the investment value, for a photovoltaic park with an installed power of 1 MWH, through the Norwegian Financial Mechanism 2014-2021, Program for Energy in Romania Call 3.1 ‘Increased supply capacity of renewable energy’ The project is being implemented and we expect to benefit from this new investment in the 2nd half of 2023.
Cemacon in 2022 registered a profitability rate of 31.5%. EBITDA reached RON90.4 million, up 21%. Total assets climbed by 46% year-on-year, to RON454.6 millon and total liabilities went up by 12%, to RON82.8 million.
„In 2023, we expect the market to follow the natural course of economic cycles and enter a stage of market stabilization, without predicting steep declines in demand and the market for new residential construction. We plan our production activity based on the fact that the demand for homes that ensure both comfort and energy efficiency will maintain a constant trend, and we can deliver solutions that optimally meet the needs of the beneficiaries. With this conviction, we work intensively on the implementation of substantial investment projects, strengthen our team and invest in the development of human resources in the company,” mentions the company in its preliminary financial report.
Cemacon’s capitalization stands at RON463 million, as its shares have added 10.5% since the start of the year, amid RON791.000 deals.
(English version by Catalina Apostoiu)