“In the first 3 months of 2025 compared to the same period of 2024, the results of Chimcomplex SA were influenced by the decrease in the sale prices of products, as well as by the purchase prices for electricity and basic raw materials, implicitly leading to a decrease in revenues from the sale of finished products,” the report shows.
The company’s turnover decreased by RON102 million against the backdrop of lingering low demand on the European market for all products put on the market by the company. The turnover consists 94% of revenues from the sale of finished products and the difference of 6% is covered by revenues from licensed activities of electricity distribution and supply of electricity.
“In the first 3 months of 2025, compared to the same period of the previous year, 16,634 tons of finished products were sold less, which represents a decrease of 17%, while sales prices were lower compared to the same period last year by 11%.”
Total expenses were RON392 million, of which RON381 million in operating expenses and RON11 million in financial expenses. Expenditure on raw materials grew faster compared to revenue growth.
“Chimcomplex aligned itself with the situation in the markets, correlating production with sales possibilities and operated in the first 3 months of 2025 at scheduled capacity, but the decrease in revenues was faster than the decrease in the costs of raw materials and utilities, negatively affecting operational profitability.”
On the domestic market, product sales reached RON95 million in January-March 2025 (29% of total sales), compared to RON103 million in January-March 2024 (24% of total sales). On the foreign market, product deliveries amounted to RON231 million lei. Sales on the foreign market accounted for approximately 71% of total product sales between January and March 2025, compared to 76% in the same period of 2024.
The company has a market capitalization of RON2.6 billion.