Starting April 1, 2024, Paul Dumitrescu is succeeded by Nicu-Ciprian Fedor, who previously held the position of deputy CEO.
VNC shares have gained 17.4% in the last 12 months. So far in 2024, they have traded up 3.2%, triggering a market value of RON272.3 million.
The company is 76%-owned by Lion Capital (LION.RO) -formerly known as SIF Banat-Crisana, while. Paval Holding, the investment vehicle of Paval brothers, the owners of do-it-yourself retailer Dedeman, holds a 17.3% stake.
Vrancart reported net profit of RON5.6 million for 2023, four times lower than in 2022, and revenue of RON412.7 million, down 21.55% versus 2022.