Romanian engineering company Adiss is going public on the AeRO market

Adiss, a Romanian engineering company founded in 1993 in Maramures County and specialized in the field of water treatment and purification, marked its debut today, September 8, on Bucharest Stock Exchange’s AeRO market under the ticker ADISS.

‘We value the investors’ confidence in Adiss and we wish to become the bridge whereby they can invest in this industry, as we believe that water management has already become a critical skill in the 21st century. Adiss mission is to contribute to the sustainable future of the Romanian communities by solving the challenges in the water field. This is not a mission that we alone undertake, but together with our clients, collaborators and investors, and from now on we will also use the tools provided by our presence on Bucharest Stock Exchange’, said Cristian Rat, Adiss majority shareholder.

Adiss listing comes after a private placement held in June 2021. The company issued 4,240,000 new shares, with a nominal value of RON 0.5/share. The shares were sold during the private placement for RON 1.5 per share, thus the future-AeRO market issuer managed to attract from the capital market investors funds worth RON 6,360,000. The private placement and listing were carried out with the support of Goldring.

‘As I said in a previous listing, and I maintain my point of view, I am eager to see as many businesses as possible with growth potential, from unprecedented fields on the stock exchange. Goldring is constantly striving to bring valuable companies to Bucharest Stock Exchange, because there is a growing interest among entrepreneurs to invest on the Romanian capital market. Adiss is a Romanian company specialized in water and wastewater treatment engineering, with an experience of over 28 years. Already a reference company on the water and wastewater treatment market, Adiss brings a new domain to the stock exchange, that resides on the trajectory of the global sustainability and technology trend’, said Virgil Zahan, Goldring CEO.

Adiss produces compact stations and water treatment equipment and offers design, development, project management, consulting and maintenance solutions, under the concept of ‘end to end solutions’. The company registered at the end of 2020 a turnover of RON 40.4mn, an increase of 84.65% compared to the end of 2019 when it registered a turnover of RON 21.9mn. According to the company, the turnover comes from 95% of the sold production, Adiss carrying out a commercial activity based mainly on its own products. The profit registered at the end of 2020 was RON 657,000, 64.8% higher than in 2019 when it reported a profit of almost RON 400,000. At the end of 2020, the company had 70 employees.

For the end of 2021, the company estimates a growing turnover compared to 2020, up to RON 52.6mn. Adiss team also estimates an upward trend in turnover and profit for 2021 – 2025.

The company intends to use the tools and opportunities available on the stock exchange to increase the value and liquidity of its shares, to attract capital and reward its investors. Also, the majority shareholder of the company, Cristian Rat, undertakes not to dilute its participation in the share capital of the issuer within a period of 6 months from the listing.