Electromagnetica’s main activities are electricity delivery and production, the production of LED light fixtures, and the production of energy distribution and measuring equipment.
Electromagnetica has a 60% share of the local LED market, estimated at around EUR10 million. The company currently exports LED lighting fixtures to Italy, Greece, Bulgaria and Serbia.
In 2014, Electromagnetica got nearly EUR10 million from the sale of LED lighting fixture.
This year, the company estimates total revenue worth RON405 million (EUR91.8 million), down 9% on the year, and a 7% higher gross profit, of RON9.67 million.
Electromagnetica also targets investments of over EUR2.5 million, out of which EUR1.5 million for the acquisition of new equipment for the production of new types of LED lighting fixture.
Shareholders will discuss the 2015 budget on April 30.
The company is 29.6% owned by the Employees Association and 24.6% by regional investment fund SIF Oltenia (SIF5.RO).