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TMK - ARTROM S.A. - ART

2017 Q3 report

Release Date: 11/13/2017 7:55:33 AM

IRIS Code: 2796F

 

102/389

from

10.11.2017

 

 

 

Stand-alone and Consolidated Current Report

According to the Law No. 297/2004 regarding capital market, CNVM Regulation No. 1/2006 and BVB Code approved by CNVM Decision, no.2602/14.09.2006

 

 

Report date: 10.11.2017

Company’s name: TMK- ARTROM S.A. Slatina

Localization: Draganesti street, no. 30, Slatina, Olt

Phone/fax: +40249436862/ +40249434330

Registered at Trade Register: J28/9/1991

Unique Registration Code: RO1510210

Unique Identifier at European Level (EUID): ROONRC.J28/9/1991

LEI code: 315700M25SMOU44FAN52

Subscribed capital: 291.587.538,34 RON

Subscribed and paid capital: 291.587.538,34 RON

Regulated market on which issued securities are traded: Bucharest Stock Exchange Regulated market - Category Standard (market symbol ART)

 

Events to be reported: The finacial statements of third quarter of year 2017.

a)      Changes in leading company: it is not the case

b)      Acquisitions or alienations of assets: The Company and the Group are still in the investment process "Heat Treatment Complex", a project in amount of 35.2 million euro with equipment acquisitions from the SMS Group. The first tests will take place in November 2017 and are expected to be commissioned on 31.12.2017. The achieved value of this investment on 30.09.2017 is 134.4 million lei.

c)      Bankruptcy proceeding: it is not the case

d)      The economic and financial indicators mentioned in 30B Annex from CNVM Regulation 1/2006 obtained at 30.09.2017.

 

 

 

Stand-alone

Consolidated

Indicators

Calculation formula

Result

Result

Current liquidity ratio

Current assets / Current liabilities

1,25

 

1,26

 

Indebtness indicator

Borrowed capital / Equity *100

40,04%

 

39,84%

 

Borrowed capital / Accrued capital *100

28,59%

 

28,49%

 

Rotation speed of debtors-clients

The average balance – clients / Turnover * 90

77

 

76

 

Rotation speed of non-current assets

Turnover / non-current assets

1,27

1,28

 

Note:

1)      It is offering the guarantee for coverage of the debts from current assets. The recommended value acceptable is about 2.

2)      It is expressing the efficacy of the credit risk management, showing the potential problems of financing, liquidity, with influences in respecting the assumed commitments.

3)      It is expressing the efficacy of the company in collecting its debts, respective the number of days until the date on which the debtors pay the debts to the company.

4)      It is expressing the efficacy of the immobilized assets, by checking the turnover generated by a certain quantity of assets.

 

The Quarterly Report can be accessed from the link below.

 

 

 Chief Executive Officer,                               Chief Economical and Accountancy Officer,                    

  Eng. Adrian Popescu                                                  Ec. Cristiana Vaduva

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



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