Simtel posts revenues of 80 million lei and a net profit of 5.4 million lei in the first quarter of 2025
Simtel posts consolidated operational revenues of 79.9 million lei in the first quarter of 2025, marking a 71% increase compared to the same period last year, and a net profit of 5.4 million lei, up 14% compared to Q1 2024.
Simtel contracts two financings totaling 28 million euros from Banca Transilvania for the completion of the Giurgiu photovoltaic park
Simtel announces the contracting of two financings from Banca Transilvania for the completion of the photovoltaic park in Giurgiu. These consist of an investment loan worth 16 million euros and a bridge loan worth 60.6 million lei.
Simtel targets consolidated revenues of 502.7 million lei and net profit of 45.6 million lei in 2025
Simtel, an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and one of Romania’s leading renewable energy players, targets consolidated operating revenues of 502.7 million lei, EBITDA of 63.7 million lei, and net profit of 45.6 million lei for 2025.
Simtel posts preliminary revenues of 360.2 million lei and a net profit of 36.7 million lei in 2024
Simtel, an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and one of Romania’s leading players in the renewable energy sector, posts preliminary consolidated operational revenues of 360.2 million lei in 2024, marking a 20% increase compared to 2023, and a net profit of 36.7 million lei, up 35% year-over-year and approximately 1.7 million lei above the 2024 budgeted level.
Simtel Team expands its international presence by opening a subsidiary in Germany
Bucharest, January 16, 2025 – Simtel (BVB: SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and Romania’s national leader in renewable energy, announces the opening of a new subsidiary in Essen, Germany. This initiative marks a strategic step in the group’s international expansion, which began with the […]
Simtel enters the energy storage market with a new business line
Simtel is expanding its portfolio by launching a new business line dedicated to energy storage systems.
Simtel posts revenues of 172.3 million lei and a net profit of 6.6 million lei in the first nine months of 2024
Simtel posts consolidated operating revenues of 172.3 million lei for the first nine months of 2024, a 19% decrease compared to the same period last year, and a net profit of 6.6 million lei, down 60% compared to the first nine months of 2023.
Simtel and Monsson sign a strategic partnership for the development of photovoltaic and energy storage projects in Romania
Simtel (BVB: SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and the national leader in renewable energy, and Monsson, the largest renewable energy project developer in Romania and Southeast Europe, announce the signing of a strategic partnership aimed at developing, constructing, and selling photovoltaic and/or hybrid projects with a total installed capacity of approximately 150 MWp. Additionally, the partnership will focus on the development of energy storage solutions with a capacity of up to 120 MWh. To execute these projects, the two companies intend to utilize their own financial resources, bank financing, and other funding sources such as green bonds and European funds.
Simtel and PRIME Batteries Technology implement an innovative energy storage project at Prodromu Romanian Hermitage on Mount Athos in Greece
Simtel and PRIME Batteries Technology implement an innovative energy storage project at Prodromu Romanian Hermitage on Mount Athos in Greece
Simtel posts revenues of 98.1 million lei and a net profit of 6 million lei in the first half of 2024
Simtel (BVB: SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and a national leader in the renewable energy field, posted, at the consolidated level, operating revenues of 98.1 million lei in the first half of 2024, a 20% decrease compared to the same period last year, and a net profit of 6 million lei, a 9% decrease compared to the first six months of 2023.
