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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.

Published on

February 25, 2025

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Simtel posts preliminary revenues of 360.2 million lei and a net profit of 36.7 million lei in 2024

Simtel Team expands its international presence by opening a subsidiary in Germany

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 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.

AREVDD, part of the Simtel Team group, and the Carmistin Foundation provide green energy to Piticii Veseli Association from Prundeni

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.

FSA approves the transfer of Simtel Team shares on the Main Market of the Bucharest Stock Exchange

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.

Simtel at the Round Table „Sustainability. From manufacturer to consumer” – How we support companies to achieve their ESG goals and win in the new green economy

ESG is not only an obligation, but a vital part of the growth strategy. „ESG is no longer just a necessary compliance report – is the new currency in which companies are valued by investors, partners and consumers. Anyone who does not integrate ESG into the company's DNA will be left behind

Global HR Manager

Nadia Drăgoi, HR Director, SIMTEL: We have a culture of belonging and innovation, which constantly encourages dialogue and personal development

"In a dynamic and complex sector like green energy, the health of our employees is essential to the company's performance and success. Monitoring the state of health of employees, including the psycho-emotional one, is very important to us. Therefore, all our employees have access to monthly medical subscriptions to a top private clinic, and this benefit is highly appreciated and used by our colleagues", says Nadia Drăgoi, HR Director, SIMTEL, in the interview granted to the GlobalHRManager.ro platform.

economedia.ro

The engineering company SIMTEL will transfer from AeRO to the Main Market of the Bucharest Stock Exchange

The Romanian engineering company Simtel Team will transfer from the AeRO market to the Main Market of the Bucharest Stock Exchange (BVB). The Financial Supervisory Authority (ASF) approved the operation.

Energy Expertise Series

Photovoltaic systems in Agribusiness

Together we build a green future is our motto, as we develop engineering and technology solutions that support companies to become more efficient through energy independence.

Profit.ro

The first autonomous industrial robot developed and produced in Romania was launched. CEO: We want to invest 3 million euros in a production line

The startup Agora Robotics, a local research and development company in the field of autonomous robots, launched a commercial version of a robot for cleaning operations in commercial and industrial spaces, the sale price being 39,000 euros. Paul Popescu, the general director of Agora Robotics, says that the launch of the robot required an investment of around 1.5 million euros.

IndependentNews

The Romanian company Simtel is involved in reducing the energy dependence of the Republic of Moldova

In the first quarter of 2024, the Simtel Group recorded a net profit of 1 million euros, thanks to the contribution of the over-the-Prut subsidiary to the profit, which was significant.

Energy Expertise Series

The importance of preventive maintenance in solar energy

We have significant experience in the maintenance of photovoltaic electrical systems, both in Romania and abroad. Earlier this year, we were responsible for preventive maintenance for FIMER PVS800 inverters in 28 PV power plants in France with a total capacity of 161.93MW, covering the Nouvelle-Aquitaine, Occitanie, Centre-Val de Loire and Pays de la Loire regions .

Forbes România

Simtel triples consolidated net profit in Q1 2024

Simtel Team (BVB: SMTL), a Romanian engineering and technology company, listed on the AeRO market of the Bucharest Stock Exchange, reports, at consolidated level, operating revenues of 45.9 million lei, in Q1 2024, down 30% compared to the same period last year. The company achieved a net profit of 5 million lei, an appreciation of 199% compared to the first three months of 2023.

Ziarul Financiar

ZF Today's opening at the Stock Exchange. Mihai Tudor, CEO, Simtel: The transfer process to the main market formally begins. We expect to complete it by the September publication of the S1 results

With the restatement of the annual financial statements in accordance with international financial reporting standards, Simtel Team (SMTL) - national leader in the field of renewable energy - officially started the process of transferring the company's shares from the AeRO secondary market to the main segment of the Bucharest Stock Exchange , says the CEO Mihai Tudor, invited to the ZF Deschiderea de Today show on Thursday, May 16.

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