“2022 was a challenging year, as an effect of the unstable macroeconomic context, but also of rapid cost increases: raw materials, electricity, financing costs. Despite these difficulties, the slight upward trend in revenue demonstrates the solid market position and confirms the stability of Promateris’ customer portfolio. We have focused our efforts on streamlining our operations, which is necessary after the fast-paced growth cycle of recent years,” Promateris CEO Tudor Georgescu says.
The net profit as of September 30 was RON3.07 million, down 77% from the RON 13.4 million in the first nine months of 2021. Energy and water expenses were up 82% to about RON3.7 million.
(English version by Loredana Fratila-Cristescu)