PROFITABILITY
21 articole · RSS
Deloitte: Rising Energy Costs Negatively Affected Profitability And Investments For 42% Of European Companies In Last Two Years
European chief financial officers (CFOs) are more pessimistic than at any point in the past four years, amid heightened geopolitical and economic uncertainty, mounting margin pressure, and rising energy costs, according to the Deloitte European CFO Survey Spri...
Sweden’s Nolato Set To Leave Romania Due To Below Group Average Profitability
Swedish-held Nolato has decided to sell its operations in Romania, which generate annual sales of just over EUR5.4 million and profitability below the group’s average, it said in an announce...
Romania’s Insurers Boast All-Time Net Profit in 2022
Romania’s insurers last year hit an all-time high in terms of total net profit, at RON773 million, double the 2021 level and more than 12 times higher than the 2020 one, in line with informa...
Deloitte: Banks’ Profitability To Decrease Over The Next Year
Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s invasion of Ukraine, supply chain disruptions, inflation rise, tig...
McKinsey: Romania Banking Sector Sees Profitability Drop To 8.26% In 2020 Vs. 11% In 2019
The Romanian banking sector saw its profitability fall to 8.26% in 2020, from 11.06% in 2019 due to the pandemic, being the first time the local banking sector profitability was below 10% in...
Cold Cuts Maker Elit Keeps Up Profitability at 2020 Level in 2021
Elit, a major producer of cold cuts in Romania, with RON620 million turnover and RON55 million profit in 2020, managed to maintain its profitability level in 2021 as well by boosting sales a...
2021, the Year of Farming Companies in Romania: Over 15,000 Firms Were Founded, Up 280% YOY
Over 15,000 new companies operating in the fields of agriculture, forestry and fishing were set up during January-November 2021, 280% more than in the same period of last year, in line with...
Asirom Expects RON760M Gross Underwritten Premiums at End-2021, Up 20% YOY
Asirom, the second biggest insurer in Romania and part of Austria’s group Vienna Insurance Group (VIG), forecast a volume of gross underwritten premiums of around RON760 million at the end o...
Kearney: Retail Banks Seen Returning to Pre-Covid Performance in 3-5 Years
European retail banks will return to their pre-COVID performance within three to five years and profitability will remain under pressure for the next two years, global consultancy company Ke...