The Bucharest Stock Exchange (BVB), a fundamental institution of the capital market, has decided to expand to 17 the number of companies that will be part of the BET and BET- (Total Return) TR indices, after the Index Committee had approved TeraPlast (TRP) to be included in the two indices as of March 23rd, a report sent to BVB reveals.
The TeraPlast Group, the largest Romanian producer of construction materials, has listed the TeraPlast company on BVB in July 2008. “The inclusion of Teraplast company in BET and BET-TR indices comes to complement and better represent the sectors on the stock exchange. From the point of view of the investors, either institutional or retail, the sectorial diversification is an essential element in the investment strategy”, said Adrian Tanase, CEO of BVB. BET is the first index launched by BVB and includes the most traded companies listed on the local stock exchange, except for the Financial Investment Companies, while BET-TR also includes the dividends paid by the companies from the BET index.
“We are living in a time when good news is scarce in financial markets. Nevertheless, we are determined to continue to serve the interests of our shareholders and potential investors, proving that we are a stable, attractive, and liquid company that they can trust. We have the necessary resources to reach our objectives for 2020, and the first months of this year are within the forecast parameters. We are seasoned in handling crisis situations like the one we are currently experiencing because we had experienced another crisis 12 years ago. If all non-food plants do not shut down, following the Italian approach, we are confident we will emerge stronger”, said Alexandru Stanean, General Manager at TeraPlast.
“We need success stories, both in Romania and especially on the stock market. We want to see that more and more Romanian issuers listed on BVB assume a leadership role in their fields of activity, both at national and regional levels”, stated Radu Hanga, President of BVB. With a tradition of over 120 years, the TeraPlast Group is currently the largest Romanian producer of construction materials.
The Group comprises of the following companies: TeraPlast, TeraSteel Romania & Serbia, Wetterbest, TeraGlass, TeraPlast Hungary. Since April 2019, the recycling business has been spun off in the independent company TeraPlast Recycling. The TeraPlast Group posted RON 972.6 million in turnover in 2019, EBITDA accounted for RON 91.2 million, while the investments of the Group exceeded RON 98 million. For 2020, the TeraPlast Group forecasts RON 1.25 billion in turnover, or 29 percent up from 2019, and sees EBITDA over RON 145 million.
As of March 23rd, the 17 companies that will be part of the BET and BET-TR indices will be: Alro (ALR), Banca Transilvania (TLV), BRD – Groupe Societe Generale (BRD), Bucharest Stock Exchange (BVB), Conpet (COTE), DIGI Communications N.V. (DIGI), Electrica (EL), Fondul Proprietatea (FP), MedLife (M), OMV Petrom (SNP), Nuclearelectrica (SNN), Purcari Wineries (WINE), Romgaz (SNG), Sphera Franchise Group (SFG), TeraPlast (TRP), Transgaz (TGN) and Transelectrica (TEL).