“We see the stock exchange as a possible key player for raising capital. We are thinking of releasing a bond issue of up to EUR10 million by the end of this year, and we will focus this source on both the investment in the production base and the working capital,” said Anca Danila, CFO of IBB Holding Romania, at an event organized by brokerage firm TradeVille.
“We are also considering an issue of shares, but first we want investors to get to know us, to see that we are reliable and that we are here to stay,”
Led and managed by Ion Craciunescu, founder and CEO (40%), together with his two sons Dan Teodor Craciunescu (30%) and Vasile-Iulian Craciunescu (30%), IBB Holding Group ended 2023 with EUR48 million revenue, EBITDA of EUR9 million, over 280 employees and expects revenue to reach EUR105 million in 2024.
The group operates on seven pillars: infrastructure (67% of revenue), civil and industrial construction (14%), concrete and asphalt production (16%), real estate development (iResidence project under development – EUR160 million), analysis-testing laboratory (1%), vehicle fleet (1%) and IT support (1%).
(English version by Loredana Fratila-Cristescu)