Its total revenue stood at RON24.5 million in January-June 2022, down 39.3% on the year, while its total expenses reached RON27 million, down 32.9% on the year.
“The activity of the company Șantierul Naval Orșova SA in the first half of 2022 generated financial results below expectations, being influenced by the unfavorable global/European context of the evolution of the demand for the construction of new, river and maritime ships, by the evolution of their prices which followed a downward trend, in conditions where the prices of raw materials and materials, energy, gas, labor have increased”, the report reads.
Santierul Naval Orsova has a market value of RON51.4 million and its shareholding structure includes Transilvania Investments Alliance (with a 49.99% stake), SIF Oltenia (28%) and SIF Muntenia (13.17%). SNO shares have lost 22.8% since the beginning of 2022, amid deals worth RON476,400, in line with stock market data.