“The company aims to have its shares, which will be available under the symbol EXO, listed on the Bucharest Stock Exchange by the end of this year or early next year at the latest. At the moment we have not decided who will be the broker for the private placement and listing,” Tiberiu Stoian says.
The intention is to raise about RON30 million from a total investment requirement of RON50 million through the share issue, with the difference to be covered by a mix of financing solutions.
“The goal is to finance the company’s production capacity increase, as demand remains high in the market segment represented by biodegradable packaging, especially for food packaging and in the segment of categories used by retail chains, but especially because of the favorable premises of increasing our export volumes to the markets of the Western European Union and the North American market, where we are currently exporting more than 70% of our production capacity.”
Exonia Holding posted RON24.1 million revenue in 2021, up 112.5% compared with the previous year. Net profit increased by 366% to RON3.4 million, while expenses reached RON20.8 million, up 91.4%, according to data from the Confidas platform.
(English version by Loredana Fratila-Cristescu)