The report shows that Stefanita Munteanu, Catalin Constantin Nadolu, Florin Cristian Tataru and Bogdan Toncescu will have their manadates extended. Stefanita Munteanu is Directorate Chairman, alternatively called General Executive Director or Chief Executive Officer (CEO).
Transelectrica reported net profit of RON219 million for 2023, lower by RON296 million or 57.5% than in 2022, mainly due to the fact that in the current year there was no revenue from the capitalization of own technological consumption (OTC) at the level of the amount recorded in 2022 (RON13.8 million in 2023 vs RON338.5 million in 2022).
Transelectrica’s total operating revenues decreased by 25% compared to the same period of the previous year (RON4.721 million on December 31, 2023 compared to RON6.286 million on December 31, 2022), due to the significant decrease in revenues from zero-profit activities (balancing market, system services). Total operating expenses (including depreciation) at the end of 2023 decreased by 21% compared to the same period of the previous year (RON4.472 million in 2023 compared to RON5.692 million in 2022), mainly from zero-profit activities (balancing market) and expenses with the acquisition of electricity for own technological consumption.Transelectrica has a market value of RON2.1 billion and is 58.7%-owned by the Romanian State. TEL shares have lost 2.7% so far in 2024, amid deals worth RON53.2 million, as per stock market data.