Electro-Alfa will capitalize through a new listing on the capital market, in which it intends to reach a free-float of about 35% of the shares, to support an ambitious expansion plan.
“The investments that will come will exceed everything that has happened so far,” told us the company’s vice president, George Ciubotaru, who estimates the total annual investment at about 24 million lei, in the recent period. He claims that the number of employees has increased in the last year by about 20%, to 590 people, the company also launching new business lines. At the same time, the company is present on international markets, its revenue being, however, formed in a ratio of 77% on the Romanian market.
Electro-Alfa will launch an initial public offering for the sale of up to 65,990,507 newly issued shares, representing approximately 35% of the total number of issued shares, as part of a share capital increase. The offering will be carried out after the approval of the Prospectus by the ASF, and following its completion – within approximately 10 days of application – the Company will request admission to trading of the shares on the regulated market administered by the Bucharest Stock Exchange. The intermediaries of the transaction are SSIF Swiss Capital S.A. and UniCredit Bank S.A.
“The listing of Electro-Alfa International marks a new stage in the company’s evolution and confirms the maturity of our business model. We have built a strong Romanian company in over three decades, with integrated capabilities and recognized expertise in energy infrastructure. The listing on the Bucharest Stock Exchange will allow us to accelerate investments, consolidate our presence on foreign markets and continue sustainable development, for the benefit of our customers, employees and future investors,” said Gheorghe Ciubotaru, founder and chairman of the Board of Directors of Electro-Alfa International.
Electro-Alfa International is one of the top three manufacturers of electrical equipment in Romania, with an estimated market share of 32.49% in 2024, and has over 34 years of experience in developing solutions for energy and industrial infrastructure. The company operates an integrated “one-stop-shop” model, from design and production to installation, commissioning and maintenance, covering the entire value chain in the field of low and medium voltage electrical equipment, as well as in complex EPC (engineering, procurement and construction) projects. The company has four modern production units in Botoșani, with an area of over 25,000 sq m, and has developed a solid portfolio of projects in energy, infrastructure and industry, including through international partnerships.
For the end of the 2025 financial year, Electro-Alfa International estimates revenues of over 800 million RON, EBITDA of over 100 million RON and a gross profit of approximately 100 million RON, specifying that these represent estimated, unaudited and unrevised financial information.
In 2024, Electro-Alfa International recorded revenues of RON 648.4 million, compared to RON 435.8 million in 2023 and RON 259.2 million in 2022, which corresponds to a compound annual growth rate of approximately 58.2% during the period 2022–2024. Net profit in 2024 was 57.4 million RON, up from previous years: 20 million RON in 2022 and 37.8 million RON in 2023, and EBITDA increased to 76.7 million RON in 2024, compared to 51.6 million RON in 2023 (representing an increase of 48.7%) and 31.4 million RON in 2022, an evolution supported both by the increase in volumes in the electrical equipment production segment and the expansion of the EPC services activity, including on foreign markets.
The offer provides for the distribution of shares to institutional investors and retail investors. The launch of the offer is conditional on the approval of the Prospectus by the ASF and the fulfillment of all applicable legal and corporate requirements.
The Company’s shareholding is currently held 80% by Gheorghe Ciubotaru and 20% by Electro-Alfa Management SRL.
