In March 2021, Romcab contracted a EUR23 million loan to fund its business.
Romcab Targu-Mures, which entered insolvency at its own request at the beginning of 2017, returned to trading on the Bucharest Stock Exchange on March 4, 2021, against the backdrop of confirming its reorganization plan.
According to preliminary data, the company reported a turnover of RON305 million (EUR62 million) in the first quarter of 2021, up 70% from the year-earlier period.
For the full year 2020, Romcab reported a loss of RON70 million, down by 50% compared with 2019, and total revenues of RON892.3 million, double compared with 2019.
Romcab is one of the most active producers of low-tension power cables, boasting an experience of over 70 years and sales in Central, Eastern and Western Europe, on the markets in Germany, Austria, Italy, Hungary, the Czech Republic, Slovakia, Bulgaria, Romania.
Romcab is 69.02% owned by Targu Mures-based Sadalbari SRL, which is held by Motoplus Paneuro, in which Roxana Tarca, who represents Romcab in the relation with investors, owns 99.7% of the share capital.