Andrei Bobar was previously Chief Financial Officer (CFO) of Romanian natural gas producer and supplier Romgaz (SNG.RO), a role he had taken over in 2016, being replaced in 2019. Bobar had also held positions of CFO, bank officer and senior auditor.
Electromagnetica reported a net profit of RON8.4 million for the first half of 2023, down 53% on the year, and revenues of RON116.5 million, down 3.5% on the year.
The company has a market share of RON119 million and is 28.16%-owned by Infinity Capital (the former SIF Oltenia) and 24.12% by the Pas Electromagnetica Association. ELMA shares have gained 22.6% so far in 2023, amid deals worth RON3.8 million, as per stock market data.