The company also received the shareholders’ approval for a program to repurchase a maximum 7 million shares (3% of total shares making up the share capital), with a nominal value of RON1.26 per share, at a minimum price equal to the market price at the Bucharest Stock Exchange at the time of acquisition and a maximum price of RON15 per share.
Per calculations by Ziarul Financiar (ZF), the program could reach RON106.9 million.
Chimcomplex ended 2020 with a net profit of nearly RON95 million, respectively an EBITDA of RON257 million, representing 22% of the turnover. For 2021, the company targets an operating income of over RON1.6 billion, which will enable the company to reach an EBITDA of over EUR67 million (over RON330 million).
Chimcomplex ended the first quarter of 2021 with a turnover of RON497 million, up 63% from RON307 million in the same period in 2019, and switched to a net profit of RON118 million in January-March 2021, from a loss of RON17.3 million in the year-earlier period.
Chimcomplex, with a market capitalisation of RON2.07 billion, is 85.4% owned by CRC Alchemy Holding and nearly 9.2% held by the Romanian State.
Chimcomplex shares have soared by 250.4% since the beginning of 2021, amid deals worth RON6.2 million.