TTS also targets a net profit of RON182.8 million in 2023, up 2.2% from RON178.9 million in 2022. Its operating profit is expected to grow 3% to RON217 million.
The cost of goods sold is seen increasing by 26.6% in 2023 to RON41.15 million from RON32.5 million in 2022, while consumables costs are anticipated to drop 23.8% to RON94.3 million. Staff costs are estimated to surge 44.4% to RON179.4 million in 2023.
The company plans to pay out dividends in the amount of RON33 million to investors in 2023, up 85% versus 2022, as per a proposition of the company’s Board of Directors of February 2023. The gross dividend per share is RON0.55, which translates into a potential yield of 4.3% relative to the current trading price of RON12.85 per unit.
The proposition will be subject to the approval of the Ordinary General Meeting of Shareholders of April 2023 when the company’s budget of revenue and expenditure is put to a vote.
TTS shares have gained 12% so far in 2023 and 32.6% over the last year, amid deals worth RON23 million and RON74.2 million respectively.
TTS is 25.3% held by Alexandru Mircea Mihailescu and is valued at RON771 million.