The company plans to sell a stake in a private placement and list on the Bucharest Stock Exchange to see the market’s reaction and interest in the field it operates in.
“I can see the Bourse has quite recouped a large part of the abrupt losses incurred since the conflict in Ukraine started. In line with estimates by Goldring, the broker assisting us, the business can be valued at EUR9-10 million,” says Mihai Manole, managing partner at Tema Energy.
The company was founded in 2022 and now has over 100 clients.
“Seeing that 10 years ago Tema Energy generated EUR2-3 million at most, that we are already at EUR9 million and that we are likely to end 2022 with at least EUR10 million, we are upbeat, but cautiously upbeat,” adds Mihai Manole.
Tema Energy reported EUR8.75 million turnover in 2021, up 22% from 2020, while profit rose by 40% on the year.
(English version by Catalina Apostoiu)