Investors

Simtel is expanding its portfolio by launching a new business line dedicated to energy storage systems.

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 (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 (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.

Simtel Team, leader in renewable energy in Romania, through the Romanian Association for Green Energy and Sustainable Development (AREVDD), together with the Carmistin Foundation, announces the completion of the implementation of a photovoltaic plant for the Piticii Veseli Association in Prundeni, Valcea county.

Bucharest, 10 July 2024 - Simtel Team (BVB: SMTL), a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and national leader in renewable energy, announces that the Financial Supervisory Authority (FSA) has approved the prospectus for the admission to trading of SMTL shares on the Main Market of the Bucharest Stock Exchange.

Bucharest, 21 May 2024 - Simtel Team (BVB: SMTL), a Romanian engineering and technology company listed on the AeRO mar-ket of the Bucharest Stock Exchange and national leader in renewable energy, posted, at consolidated level, operating revenues of 45.9 million lei in the first quarter of 2024, down 30% compared to the same period last year, and a net profit of 5 million lei, a 199% appreciation compared to the first three months of 2023.

Bucharest, 26 March 2024 - Simtel Team (BVB: SMTL), a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and a national leader in renewable energy targets in 2024 at the consolidated level, operating revenues of 394,3 million lei, EBITDA of 49.2 million lei and a net profit of 35.1 million lei. The 2024 consolidated revenue and expense budget includes the results expected to be generated by Simtel Team SA and the main companies in which Simtel Team SA holds shares: Simtel Solar SRL from the Republic of Moldova (100%), ANT Power Energy SRL (51%), Agora Robotics SRL (51%), Custom Soft Solutions SRL (39%), GES Furnizare SRL (62%), Plesoiu Solar SRL (99%) and Oasis Green Energy 3 SRL (100%).

Bucharest, 12 March 2024 - Simtel Team (BVB: SMTL), a Romanian engineering and technology company listed on the AeRO mar-ket of the Bucharest Stock Exchange and a national leader in renewable energy, announces the signing of three contracts for the energy supply through GES Furnizare SRL (GES), an entity in which Simtel holds a 62% stake.