However, the declining activity and rising expenses brought RON816,000 net profit in January-September period, compared to RON7.5 million in the corresponding period of 2022. The company’s expenses went up by 50% to RON91.5 million.
„Although we have gone through a special period that the economic environment has not experienced before, the company has paid increased attention to the activity and has acted with prudence and responsibility in the managerial act,” reads the company’s report.
Prefab has a RON148 million bourse capitalization. In 2023, the company’s shares have gained 30% amid RON203,000 deals.
„On 30 September 2023, compared to the same period in 2022, the bottleneck in the building materials market caused by the decrease in consumer purchasing power will continue. As for the market of reinforced and prestressed concrete precast products, electrical poles, highway elements, prefabricated parts for hypermarkets or supermarkets, beams for road bridges, the cause is the lack of large projects for national infrastructure and skilled labor, the market remaining at a low level due to financial bottlenecks in national investment. Although investments from 5 European funds are vital for the Romanian economy, their absorption is below the optimal level. The implementation of the PNRR and the absorption of European funds should be a major objective for Romania. The economic climate is still characterized by excessive and changing taxation, with the risk of increasing taxes and duties to finance public spending, cumbersome legislation, excessive bureaucracy in obtaining the necessary permits and authorizations for operation, currency risk with influence on the price of some raw materials and materials,” reads the company’s report.
(English version by Catalina Apostoiu)