Its EBITDA (earnings before interest, tax, depreciation and amortization) reached RON355.5 million in the first nine months of 2023, up 65.2% on the year. The company’s profit stood at RON250.5 million in Jan-Sept 2023, up 83.5% on the year, as per TTS’s financial report.
The Group’s debts surged 42.3% on the year to RON265 million. At individual level, operating expenses hit RON565.6 million in Jan-Sept 2023, from RON410.25 million on Sept 30, 2022.
TTS shares have gained 107.7% so far in 2023, amid deals worth RON228.3 million.
TTS is 25.3%-owned by its founder, Alexandru Mircea Mihailescu, and has a market value of RON1.4 billion.