Adiss a Romanian engineering company based in Maramures county is going public on the AeRO market

9/8/2021

  • Adiss becomes the first company in the field of the water treatment and purification listed on BVB’s AeRO market.
  • The company carried out a private placement to increase the share capital, attracting over RON 6.3mn to consolidate its leading position on the water treatment market, for financing divisions focused on new technologies for water treatment and for the company digitization.
  • Goldring assisted Adiss in successfully completing the private placement and listing process on the AeRO market.

 

Adiss (BVB: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 8th, on Bucharest Stock Exchange’s AeRO market under the ticker ADISS. The listing was preceded by a private placement through the company raised over RON 6.3mn from investors. The funds attracted from the capital market will support the company's development by creating divisions geared towards new technologies to improve water quality, as well as for the online sale of products, to strengthen Adiss's position and expansion in the water treatment market, as well as for investments aiming the complete digitization of the company.

We are glad that Adiss, a Romanian entrepreneurial company from Maramures, chooses to continue its growth path as a listed company. Adiss’s route so far is in fact the path of some Romanian entrepreneurs who at the beginning of the '90s had an idea, and then a vision and who put a lot of work to bring it to reality. The fact that Adiss is listed today is an honor for us, as we manage to fulfill our role to finance of the economy. Good luck to Adiss team’, says Radu Hanga, Bucharest Stock Exchange President. 

‘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.