Its consolidated EBITDA was RON36.8 million in 2023, up 117% from 2022, and 17% higher than the level envisaged in the company’s 2023 budget of revenue and expenditure. The consolidated results include those of Simtel Team, Simtel Solar, the entity in the Republic of Moldova fully owned by Simtel, as well as ANT Power Energy and Agora Robotics, where Simtel Team owns 51%.
At an individual level, Simtel’s turnover reached RON290.6 million in 2023, up 112% from 2022, and its net profit stood at RON27.7 million, up 139% on the year.
In 2023, the company’s renewable energy division contributed 89% to the turnover, at an individual level, generating revenue of nearly RON258.6 million, compared to RON105.5 million in 2022. Telecommunications contributed 10% to the turnover and generated revenue of almost RON29.1 million in 2023, compared to RON28.8 million in 2022. The other business lines fueled 1% of the total turnover, at a individual level, generating revenue of RON2.9 million in 2023 compared to RON2.7 million generated in 2022.
Simtel Team has been listed on the AeRO Market of the Bucharest Stock Exchange since July 2021. The company currently has a market value of RON494 million. SMTL shares have gained 45.9% so far in 2024, amid deals worth RON13.7 million, as per stock market data.