T.M.K. - ARTROM S.A.
BVB TICKER: ART
Phone: +40 249430054
Date: 24.07.2007
About the company
TMK Artrom SA is a Romanian producer of mechanical tubes for general engineering purposes or mechanical
applications;
precision tubes for mechanical and automotive
industry;
seamless tubes for boilers; linepipes with
plain ends for oil/gas industry, conveying gas and oil or construction of long
distance pipe lines for liquid combustible and gas; coupling
stock used in coupling production; green pipes for tubing
and casing and ball bearing tubes.
History
Artrom was founded in 1982 and started
its production in 1988.
After 1992 the company
modernized its technology and installed high performance equipment in key areas
within the company. Through such process, Artrom achieved a high improvement in its product quality. At the
same time the dimensional range (outside diameter and wall thickness) was
increased.
Starting with March
1-st, 2006, TMK-ARTROM became a member company of the second largest tube
producer in the world – TMK Group.
Major shareholders
|
Shareholder |
Shares |
Percent |
|
SINARA HANDEL GMBH |
9,882,817 |
80.56% |
|
S.I.F. OLTENIA |
1,495,929 |
12.19% |
|
OTHER SHAREHOLDERS |
889,274 |
7.25% |
|
Total No. of Shares |
12,268,020 |
|
Nominal Value |
2.5100 |
|
Share Capital |
30,792,730.20 |
Annual financial information (Key financials)
|
|
2006(RON) |
2005(RON) |
2004(RON)* |
|
Fixed assets - Total |
369,518,426.00 |
267,950,491.00 |
142,535,153.20 |
|
Current assets - Total |
212,407,474.00 |
126,691,881.00 |
76,951,367.20 |
|
|
|
|
|
|
Debtors - due within one year |
233,792,936.00 |
211,310,119.00 |
113,603,650.00 |
|
Current assets/Net current liabilities |
-20,936,262.00 |
-20,246,320.00 |
6,248,060.20 |
|
Total assets less current liabilities |
348,462,089.00 |
247,483,100.00 |
148,783,213.40 |
|
Debtors - due after more than one year |
150,482,232.00 |
89,008,285.00 |
68,540,564.70 |
|
Revenues in advance |
120,075.00 |
221,071.00 |
195,552.10 |
|
|
|
|
|
|
Subscribed paid up capital |
30,792,730.00 |
30,792,730.00 |
30,792,730.20 |
|
Shareholders equity - Total |
197,323,874.00 |
156,082,103.00 |
80,242,648.70 |
|
|
|
|
|
|
Total receivables |
43,986,206.00 |
56,820,488.00 |
37,490,477.90 |
|
Total liabilities |
384,275,168.00 |
300,318,404.00 |
182,144,214.70 |
|
|
|
|
|
|
Net turnover |
336,178,983.00 |
378,831,232.00 |
248,050,171.10 |
|
|
|
|
|
|
Operating income - Total |
357,020,065.00 |
397,286,410.00 |
253,521,294.00 |
|
Operating expenses - Total |
314,490,979.00 |
358,616,348.00 |
250,812,787.30 |
|
Operating result |
42,529,086.00 |
38,670,063.00 |
2,708,506.70 |
|
|
|
|
|
|
Financial income - Total |
51,255,321.00 |
15,798,392.00 |
16,332,283.10 |
|
Financial expenses - Total |
29,034,953.00 |
37,216,075.00 |
7,294,376.40 |
|
Financial result |
22,220,368.00 |
-21,417,683.00 |
9,037,906.70 |
|
Current result |
64,749,454.00 |
17,252,380.00 |
11,746,413.40 |
|
|
|
|
|
|
Extraordinary income |
0.00 |
0.00 |
0.00 |
|
Extraordinary expenses |
0.00 |
0.00 |
0.00 |
|
Extraordinary result |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Total revenues |
408,275,386.00 |
413,084,803.00 |
269,853,577.10 |
|
Total expenses |
343,525,932.00 |
395,832,423.00 |
258,107,163.70 |
|
|
|
|
|
|
Gross result |
64,749,454.00 |
17,252,380.00 |
11,746,413.40 |
|
Net result |
64,749,454.00 |
6,501,603.00 |
10,041,361.20 |
|
Result per share |
- |
0.5300 |
0.8185 |
|
|
|
|
|
|
Back payments - Total |
2,502,843.00 |
5,609,505.00 |
3,539,142.20 |
|
Back payments for suppliers - Total |
2,502,843.00 |
5,609,505.00 |
3,539,142.20 |
|
Back payments of liabilities to the social insurance budget
|
0.00 |
0.00 |
0.00 |
|
Taxes which are not paid to the State budget upon payment
date |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Average number of employees (only full time employees)
|
962 |
886 |
831 |
|
|
|
|
|