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Romania's ABN Systems International lists on Bucharest bourse AeRO market

Romania's ABN Systems International lists on Bucharest bourse AeRO market Romania's ABN Systems International lists on Bucharest bourse AeRO market Source: ABN Systems International

BUCHAREST (Romania), February 14 (SeeNews) - Romanian technology company ABN Systems International started trading on the AeRO market of the Bucharest Stock Exchange (BVB), the bourse said on Monday.

The company's shares are traded under the ABN ticker, the BVB said in a press release.

The listing follows an initial primary public offering carried out on the AeRO market between December 15 - January 4 through which the company attracted 5.5 million lei ($1.26 million/ 1.11 million euro) from investors.

ABN Systems International was founded in 2002 and one of the leaders in the distribution of IT&C products and accessories in Romania. With a portfolio of over 30,000 products and accessories, ABN Systems is present in markets in about 30 countries, on four continents.

In the first half of 2021, ABN Systems International recorded a net profit of 2.4 million lei, eight times higher than in the same period of 2020, while turnover rose 34% on the year to 50 million lei. Also, sales on foreign markets increased by 114% compared to the same period last year, exceeding 26 million lei. The company had an average number of 70 employees at end-June.

(1 euro=4.9455 lei)

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