“For 2018, we are considering launching an initial public offering (IPO) on the Bucharest Stock Exchange. We also plan to establish a holding meant to administer the five firms of the group”, Pop also said.
Electrogrup group has a total 700 employees and includes the firms Electrogrup, Direct One, Nova Power & Gas, Wesee and Netcity, which operate in the field of cons¬tructions of energy, civil and telecom infrastructure, electricity and natural gas supply and fiber optic lease.
The group of firms held by Teofil and Simion Muresan brothers will end 2017 with a turnover of EUR107 million, up 20% on the year.
For 2018, the company expects a 35% higher turnover and a 22% higher EBITDA (earnings before interest, taxes, depreciation, and amortization).