The company could be valued at between RON600 million and RON700 million, ZF has found, but the final valuation will also depend on the appetite of large investors.
In 2024, Electroalfa posted RON650 million revenue and a net profit of RON55 million, a sharp increase compared with 2020’s RON172 million and a profit of only RON4 million. This performance places it among the fastest-growing companies in the electrical equipment industry in Romania.
“Our company has been present on the Romanian market for 34 years, during which time it has carried out sustained activity and reached a solid level of maturity. We regularly evaluate financing options to support growth and do not rule out the possibility of taking this step at some point (listing i.e.),” the company told ZF when asked to comment on the information.
Electroalfa is wholly owned by entrepreneur Gheorghe Ciubotaru, who founded the group more than three decades ago. Currently, the company is one of the most important players in the electrical equipment industry, being an integrator of solutions in the energy field, with four production facilities, its own research and development center, and over 500 customers nationally and internationally.
The company has already had talks with some of the major stock market investors to test the appetite of the market and is considering a potential initial public offering towards the end of the year, as ZF found.
(English version by Loredana Fratila-Cristescu)