Net profit stood at RON0.76 million, 41% higher than in the first half of 2020. Renewable energy projects contributed 79% to the total revenue.
“(…) It is essential to emphasize that the results of the first six months of the year were achieved organically, as the capital attracted during the private placement entered in the balance sheet at the end of May 2021 and was not put to use before the end of the first half of this year. We believe that we are in a unique moment because the context is favorable for our company’s business lines,” said Iulian Nedea, chief executive officer of Simtel Team.
“We plan to attract new capital to further accelerate our development through several M&A transactions that complement our range of services in the next period. We look primarily at companies operating in the area of photovoltaic parks services, production prediction/energy consumption, electric charging stations, and companies operating in the niche of industrial robotics. We are already in talks with several companies that we target and we have high expectations in this direction. We want to thank all the investors who decided to invest in the company’s shares and trusted our business development plan.”
The green energy division contributed 79% to the revenue, about RON14.6 milion, as a result of an increase in demand for Simtel’s solutions in this field. Telecommunications unit increased in the first half of 2021 by 15% compared to the same period of the previous year, contributing 20% or RON3.7 million to the total revenue. The automatization division had the lowest share in the total turnover, 1%, approximately RON0.2 million.
(English version by Loredana Fratila-Cristescu)