about us | newsletter | contact | archive | members area
Bogdan Nitulescu, Tremend
Cryptocurrencies volatility is a big problem»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Tinmar Energy to reach 80 million RON profit in 2019, invest in household business

Tinmar Energy estimates a profit of 80 million RON for 2019, after a 73 million RON result for this year, according to Augustin Oancea, CEO of the company. He claims the turnover for 2018 will be around 1.8 billion RON while the forecast for 2019 is about 2.2 billion RON.

2018-12-06 15:27:53

"In March 2018, we launched the electricity and gas packages with benefits included for residential customers. With the decentralization of the energy market, we officially announced the desire to enter this segment. It was an assumed decision and came naturally from the desire to replicate our main success of the industrial consumers market, where for many years Tinmar Energy was the market leader, currently being the largest Romanian company in the electricity and natural gas supply sector with private domestic capital," Oancea told The Diplomat-Bucharest.

One of the targets of this year for Tinmar Energy was also to regain market share in the B2B (corporate) field, where, amid the crisis in 2017, the company has lost some clients.

"2017 was a year of consolidation for us, a year in which we managed to achieve good performance and develop the business, having good results," he explained.

Oancea went on to say that, given the liberalisation of the market, clients are still reluctant to change due to lack of information campaigns but also due to mentality.

"It seems too good to be true to be given better conditions, more advantageous integrated services with a number of complementary benefits designed to bring added value and comfort," he underlined.
"We are in a competitive European market, we want to meet the needs of all who choose us, which is why in our electricity and gas packages we have added insurance for unforeseen situations at work (sick leave, unemployment) or redundancy payment of 5000 RON for defective appliances in case of voltage fluctuations. These insurance are included in packages and are a real benefit for which customers do not pay separately the cost of insurance," Oancea said.

Tinmar Energy has budgeted monthly incremental investment in the household business, which includes investment in infrastructure/ marketing and communication/ opening of retail units in major cities in Romania.

"At the same time, we want to continue investing in the renewable energy sector in production facilities, especially in photovoltaic parks. An estimate budget for these investments is clearly around 30 Million Euro," said Oancea.

One of the company's objectives is to target one million customers in the B2C sector on medium-long term and the presence of the Tinmar Energy brand in TOP 10 Romanian brands.

Tinmar Energy has around 80 employees and wants to continue to hire experienced project management personnel and expand its activity.

"For 2019, the emphasis is on continuing the entering of the internal market in the electricity and gas market," Oancea concluded.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  477 Views
Daily Info
CE Oltenia denies media allegations, says it has no state debts

State-owned company CE Oltenia denies the allegations in the local media, according to which it has debts to the state budget worth over 100 million Euro, a press release show...

Valentin Radu receives new mandate as chair of Electrica's board of directors

Electrica's board of directors decided to appoint Valentin Radu as chair of the board of directors for a mandate of one year, starting with 12 December 2018.

Christmas leads to material implications for retail and office market players, says Colliers

December is a time for Romania to score positive results for sales at supermarkets, hypermarkets or discounters as well as for gifts, offering generous returns for retailers i...

Revolut gets European banking license

Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has final...

Belgian WDP signs lease agreement with Auchan for 77,000 sqm of logistics space

WDP has signed an agreement for the development and lease of 77,000 sqmof logistics warehouse space at its existing site at Bucharest for retailer Auchan. The investment budge...

 
 
   
advertising

advertising

advertising

More on News
President Iohannis urges Romanians to be more united, stay involved in modernizing Romania

Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.

Fondul Proprietatea expresses disappointment over Engie listing rejection

Fondul Proprietatea is disappointed with the decision taken by the majority shareholder of Engie SA, Romania Gas Holding B.V., to oppose the listing of the company, accordi...

Europe must become a producer of new technologies, not just a consumer of technologies, says EC

Europe must become a producer of new technologies, not just a consumer of technologies, said Gerard de Graaf, Director for the Digital Single Market in Directorate-General ...

Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte

Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace a...

Catrina, MCSI: Romania is ready to roll up its sleeves and work during the presidency of the EU Council

Romania is ready to roll up its sleeves and work during the presidency of the Council of the European Union (EU), said Maria Manuela Catrina, State Secretary at the Ministr...

ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...