Telecommunications operator Digi (DIGI.RO), an entrepreneurial business controlled by businessman Zoltan Teszari, posted EUR1.92 billion revenue in 2023, up from EUR1.7 billion in 2023 and an EUR540 million profit, its preliminary 2024 financial results show, according to a report to the Bucharest Stock Exchange.
Mömax, a furniture retailer part of Austrian chain XXXLutz, will open a store of around 5,000 square meters in Vitantis Shopping Center, announced Omer Susli, owner of the center, on Linkedin.
A multidisciplinary team made up of Reff & Asociatii | Deloitte Legal lawyers and financial and tax consultants part of Deloitte Romania assisted UE Furniture, a global leader in the production of chairs, armchairs and sofas, in acquiring family business Rus Savitar founded by Rusu family, a key player in the local furniture industry.
Aquila, Aquila, the market leader in integrated distribution and logistics services for the consumer goods market in Romania and the Republic of Moldova, ended 2024 with RON90 million net profit, down 7% from 2023. The minimum profit tax of 1% of revenues, which came into effect in 2024, along with higher employee costs, were factors that impacted the net result.
Private healthcare provider MedLife for 2024 reported RON2.7 billion consolidated revenues, up from RON2.2 billion in 2023. The company switched to RON18.4 million profit from RON4.2 million losses.
State-owned Romgaz, a natural gas producer and supplier, in 2024 reached RON7.9 billion turnover, down 12% from 2023, while net profit climbed by 15% to RON3.2 billion amid the elimination of some taxes.
Romania’s national grid company Transelectrica in 2024 registered RON597 million net profit, up 180%, and RON7.8 billion operating income, 67% higher than in 2023.
Banca Transilvania, Romania’s largest lending institution, for 2024 reported RON4.7 billion net consolidated profit, up 59% from 2023, while assets climbed by 22% to RON207 billion.
BCR group in 2024 generated net profit of RON2.76 billion (EUR556 million), up 19.2%, and operating income of RON6.09 billion (EUR1.22 billion), 15.6% above the 2023 level, driven by improved net interest income and net fee and commission income.
Sphera Franchise Group, the biggest food service group in Romania, ended 2024 with sales of above RON1.5 billion, up 5.4%, and RON97.2 million, 22% above the 2023 level.
Romania startup accelerator InnovX, founded in 2019, which for the second year in a row ranked among the 20 best hubs for startups in Europe, plans to open offices in Vienna and London as part of its strategy to climb to the top position in 5-10 years.