Electricity supply business generated about 70% of Tinmar’s revenue.
At the end of 2015, the management decided to break the group up into three separate companies by core business. The step was because of the size it had reached back then.
The process created three separate entities – all of them controlled by Oancea, Tinmar Energy, Tinmar Oil and Tinmar Gas.
The reorganization and the energy market crisis in the winter cost Tinmar some of its big industrial customers it supplied power to, such as NEPI, the largest mall and office space owner in Romania.
“There’s a customer fluctuation on the market, especially on the non-household segment, which is our main market. Power price fluctuations caused these customer fluctuations. We only have several thousand household customers,” Oancea says.
Tinmar accounts for 12% of the industrial consumer market. (EUR1=RON4.5873)
(English version by Loredana Fratila-Cristescu)