Simtel Team wants to invest in energy production capacities of 500 MWp in the next 5 years and in storage capacities of 300 MWh, says Mihai Tudor, CEO of Simtel Team.
“We will invest in energy production and storage capacities. In our plan we have over 500 MWp of production capacities that we will develop in the next period, in the next 5 years, over 300 MWh of storage capacities, but equally we will diversify and increase the share of revenues from the other components and other business lines of the group,” says Mihai Tudor, according to the central press.
According to the data presented, between 2025 and 2030, the turnover of the group would increase to 250 million euros.
Also, Mihai Tudor stated that the international expansion of the company is desired. Simtel has a branch in the Republic of Moldova, and in the next period it is desired to open an office in Germany. The international expansion is to be carried out with all business lines.
Simtel Team, a leading national technology and engineering group in the field of renewable energy, debuted on Monday, August 12, on the Regulated Market of the Bucharest Stock Exchange under the stock symbol SMTL, as a result of the transfer from the AeRO market, according to a release from the Exchange. Simtel Team has been present on the capital market since July 2021, and at the time of the transfer it had a capitalization of 430.6 million lei. During the presence on the AeRO market, the company’s market capitalization increased more than three times.
“Through each company that chooses to come to the Bucharest Stock Exchange, on AeRO or on the main segment, the capital market grows and becomes more robust. Moreover, every company listed on the AeRO market that takes the step towards the Regulated Market demonstrates the fact that the Multilateral Trading Segment fulfills its purpose, that of being a suitable anteroom for Romanian entrepreneurial companies to develop and transform their business and to get used to, at the same time, with the status of a listed company. Simtel Team shares had a very good evolution on the AeRO market and we hope to continue at the same pace on the Regulated Market,” also said Adrian Tanase, CEO of the Bucharest Stock Exchange.