Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

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

BVB
 

Romanian electricity holding Electrica almost doubles profit in 2020

Electrica (EL), the biggest electricity distribution and supply group in Romania, recorded a consolidated net profit of RON 387 mln (EUR 80 mln) in 2020, up 87% compared to 2019.

The group’s consolidated revenues amounted to RON 6.5 bln (EUR 1.34 bln), up 3.5% year-on-year.

Electrica operates the power distribution grids in Romania’s Transylvania and northern Muntenia regions, with close to 200,000 km of power lines and 3.76 million clients served.

The group also has an electricity supply subsidiary – Electrica Furnizare.

The Romanian state is Electrica’s biggest shareholder, with a 49% stake. The rest of the shares are held by Investors on the Bucharest Stock Exchange and London Stock Exchange.

The Electrica shares are up almost 10% this year and 37% in the last 12 months (as of March 1, 2021). The group’s market capitalization is RON 4.76 bln (EUR 977 mln).

(Photo: Pixabay)

andrei@romania-insider.com

Normal
Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

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

BVB
 

Romanian electricity holding Electrica almost doubles profit in 2020

Electrica (EL), the biggest electricity distribution and supply group in Romania, recorded a consolidated net profit of RON 387 mln (EUR 80 mln) in 2020, up 87% compared to 2019.

The group’s consolidated revenues amounted to RON 6.5 bln (EUR 1.34 bln), up 3.5% year-on-year.

Electrica operates the power distribution grids in Romania’s Transylvania and northern Muntenia regions, with close to 200,000 km of power lines and 3.76 million clients served.

The group also has an electricity supply subsidiary – Electrica Furnizare.

The Romanian state is Electrica’s biggest shareholder, with a 49% stake. The rest of the shares are held by Investors on the Bucharest Stock Exchange and London Stock Exchange.

The Electrica shares are up almost 10% this year and 37% in the last 12 months (as of March 1, 2021). The group’s market capitalization is RON 4.76 bln (EUR 977 mln).

(Photo: Pixabay)

andrei@romania-insider.com

Normal
 

Romania Insider Free Newsletters