It said its EBITDA stood at RON257 million, accounting for 22% of its turnover.
“Chimcomplex reached all its targets, including financial targets, but very differently than initially planned. 2020 was a year of transformation, we took decisive action and proved resilient,” said Tivadar Runtag, CEO Chimcomplex.
The company’s production platforms worked year-round in 2020 and touched record production volumes, which gave the Romanian chemical producer a competitive advantage as industry across Europe slowed to a halt for a few months starting April.
Chimcomplex has a market value of EUR475-510 million.
For 2021, the company targets operating revenue of over RON1.6 billion and sees its EBITDA at over EUR67 million (RON300 million).