Consolidated operating expenses reached RON316.1 million, an increase of 96% compared with the first nine months of 2024, while net profit decreased by 69% to RON2.7 million, according to the financial report published on the Bucharest Stock Exchange.
The decline in profit is explained by “the seasonal nature of Simtel Team’s activity, as most cash inflows and project deliveries are scheduled for the end of the year. Consequently, in the first nine months, the contribution of G-Energy Solutions (GES Furnizare SRL) to the consolidated results was higher (the energy supply segment is regulated and generates lower margins compared to the EPC activity),” the report says.
Simtel shares have gained 50% since the beginning of the year and 36% in the last 12 months, with a capitalization of approximately RON480 million. The main shareholders are founders Iulian Nedea (20.7%), Sergiu Bazarciuc (20.5%) and Radu Vilau (20.5%).
(English version by Loredana Fratila-Cristescu)