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Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

 

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RO IT company Arobs closes largest private placement on BVB's AeRO market

Romanian IT company AROBS Transilvania Software (AROBS) announced the successful closure of the largest private placement in the history of the Romanian alternative market at Bucharest Stock Exchange (BVB) AeRO by raising RON 74.2 mln (EUR 14 mln) lei from investors.

The company intends to float the shares on the AeRO in the coming weeks. In the private placement, which started on October 15, a total of 54.7 mln shares, respectively 12% of the company's current share capital, were sold at a price of RON 1,357 per share.

Investors placed orders for 2.82 times more shares than put up for sale, and the allocation rate was 35.4%.

The placement thus values the company at RON 619 mln (EUR 123 mln).

In 2020, AROBS Transilvania Software registered, at the individual level, a turnover of RON 154.5 mln (EUR 6.35 mln), EBITDA of RON 46.6 mln (EUR 1.92 mln), and a net profit of RON 40.4 mln (EUR 1.67 mln).

For 2021, however, AROBS Group estimates consolidated revenues of RON 192.7 mln (EUR 38 mln) and consolidated EBITDA of RON 52.8 mln (EUR 10.5 mln).

(Photo: Voicu Oprean, founder and CEO Arobs from Arobs Facebook Page)

iulian@romania-insider.com

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Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

 

BSE

 

 

RO IT company Arobs closes largest private placement on BVB's AeRO market

Romanian IT company AROBS Transilvania Software (AROBS) announced the successful closure of the largest private placement in the history of the Romanian alternative market at Bucharest Stock Exchange (BVB) AeRO by raising RON 74.2 mln (EUR 14 mln) lei from investors.

The company intends to float the shares on the AeRO in the coming weeks. In the private placement, which started on October 15, a total of 54.7 mln shares, respectively 12% of the company's current share capital, were sold at a price of RON 1,357 per share.

Investors placed orders for 2.82 times more shares than put up for sale, and the allocation rate was 35.4%.

The placement thus values the company at RON 619 mln (EUR 123 mln).

In 2020, AROBS Transilvania Software registered, at the individual level, a turnover of RON 154.5 mln (EUR 6.35 mln), EBITDA of RON 46.6 mln (EUR 1.92 mln), and a net profit of RON 40.4 mln (EUR 1.67 mln).

For 2021, however, AROBS Group estimates consolidated revenues of RON 192.7 mln (EUR 38 mln) and consolidated EBITDA of RON 52.8 mln (EUR 10.5 mln).

(Photo: Voicu Oprean, founder and CEO Arobs from Arobs Facebook Page)

iulian@romania-insider.com

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