Revenue reached RON172.6 million, an increase of 21.5% on 2021. Debt rose from RON80.9 milion to RON89.7 million, and equity capital increased by 3.7% to RON78.2 million. Overall, spending reached RON170.2 million, 23% higher year-on-year.
The outbreak of the war in Ukraine made an impact right away, a temporary metal shortage, which is the main raw material Comelf uses, which drove the metal price up, doubling it in a very short time.
Comelf shares have lost 8% in the past twelve months, on a traded volume of RON100,000. It has a capitalization of RON39.3 million and is 81% owned by Uzinsider Bucuresti.
(English version by Loredana Fratila-Cristescu)