Turnover shrank by 70% to RON29.3 million. EBITDA went from plus RON23,000 to minus RON925,000.
The average number of employees dropped from 211 to 60, while expenses went down by 62% to RON41.4 million.
Investment fund Infinity Capital owns 65.7% of the company’s share capital. Electromagnetica shares have added 6% in the past year.
(English version by Catalina Apostoiu)