The company’s total revenue grew by 35.5% on the year to RON26.8 million in Jan-Sept 2023, and total expenses were 39% higher, of RON33.7 million. The biggest increase in costs was seen at the category “Other operating expenses”, from RON1.2 million to RON13.3 million, as per data from the quarterly financial report published by the Bucharest Stock Exchange.
In the first six months of 2023, Elvila posted RON5.5 million net loss, compared with a loss of RON3.3 million in the same period of 2022, while revenue shrank by 11.4% to RON10.1 million.
The company, with a market value of RON18.6 million, is 65.65%-owned by Viorel Catarama, 19.4% by Elvila General Consult, and the Romanian State holds a 1.2% stake. ELV shares have lost 0.7% so far in 2023, amid deals worth just RON22,000, in line with stock market data.