Simtel Team installed over 1300 photovoltaic panels for Kaufland Romania

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 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.

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

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.

"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.