Cemacon had an EBIDTA of RON31 million in the first six months of 2021, up 74% on the year.
”The construction materials sector is going through a period characterized by a high level of demand and increased liquidity in the market; the constraints come from the limitations of production capacity and from the significant price increases to the main elements that determine the cost of production – gas, electricity, fuels, wood, etc. The negative influences from costs were felt rather in the second part of the semester, so the profitability after the first quarter is a record one. Also, the company’s liquidity and solvency are at very high levels even if the full early repayment of loans has been made and extensive investment projects have been carried out during this period. Other projects with grants are in various stages of implementation to ensure organic development for the coming years”, said the company’s General Manager, Liviu Stoleru.
Liviu Stoleru owns 1.5% of the share capital of Cemacon, which is controlled by brothers Dragos and Adrian Paval, the owners of do-it-yourself (DIY) retailer Dedeman, the biggest entrepreneurial company in Romania, by turnover. Paval brothers hold almost 90% of Cemacon shares, per stock market data.
Cemacon has a stock market capitalization of RON247 million after its shares have grown by 58% in 2021, amid deals worth RON132 million.
In early 2021, Adrian Paval and Dragos Paval transferred the 73% stake Dedeman owned in Cemacon to their investment vehicle Paval Holding.