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Aages S.A.

ISIN: ROAAGEACNOR7 | Ticker: AAG | LEI: 254900VRQYFOKK90NX88
Country: Romania

About Aages S.A.

Company Description

AAGES, a joint stock company located in the center of Romania, has been designing and manufacturing induction heating machines for large range of applications for over 32 years.

AAGES was founded in 1990 by a group of engineers from the Research and Design Institute for Electrical Engineering (ICPE) Bucharest, branch Targu Mures.

The first products of the company were the static converters for induction heating applications. Partnering with a German company in the late 90’, AAGES developed in less than one year the new family of converter with IGBT transistors and there were delivered more than 1.200 units over the years, practically in all five continents of the globe.

Year founded

1990

Served area

Worldwide

Headquarters

Str. Agricultorilor Nr. 16, 547530 Singeorgiu de Mures – Romania

Financial statements

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Line item in (ron) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 43,179,018.00 50,071,079.00 55,718,446.00
Noncurrent Assets N/A 15,136,781.00 14,566,954.00 14,406,955.00
Property Plant And Equipment N/A 14,961,810.00 14,429,307.00 14,285,984.00
Intangible Assets Other Than Goodwill N/A 174,971.00 137,647.00 120,971.00
Current Assets N/A 28,017,039.00 35,458,295.00 41,251,192.00
Inventories N/A 15,379,608.00 12,496,935.00 19,332,580.00
Trade And Other Current Receivables N/A 4,222,179.00 7,737,053.00 8,693,787.00
Current Prepaid Expenses N/A 25,198.00 45,830.00 60,299.00
Other Current Financial Assets N/A 1,283,881.00 1,374,350.00 5,074,770.00
Cash and cash equivalents 6,468,238.00 7,131,371.00 13,849,957.00 8,150,055.00
Equity And Liabilities N/A 43,179,018.00 50,071,079.00 55,718,446.00
Equity N/A 28,504,774.00 31,562,022.00 36,254,474.00
Issued Capital N/A 2,706,342.00 2,000,000.00 2,000,000.00
Retained Earnings N/A 22,097,325.00 25,172,408.00 29,370,602.00
Treasury Shares N/A 180,000.00 180,000.00 32,550.00
Other Reserves N/A 700,998.00 700,998.00 691,745.00
Equity Attributable To Owners Of Parent N/A 26,253,617.00 29,120,203.00 33,648,095.00
Noncontrolling Interests N/A 2,251,157.00 2,441,819.00 2,606,379.00
Liabilities N/A 14,104,662.00 17,886,955.00 18,676,696.00
Noncurrent Liabilities N/A 1,294,448.00 3,772,930.00 1,265,102.00
Noncurrent Government Grants N/A 569,582.00 418,353.00 N/A
Other Noncurrent Liabilities N/A 0.00 1,852.00 0.00
Current Liabilities N/A 12,810,214.00 14,114,025.00 17,411,594.00
Trade And Other Current Payables N/A 4,783,894.00 7,292,479.00 8,701,554.00
Other Current Liabilities N/A 680,339.00 1,019,096.00 1,210,636.00
Current Borrowings And Current Portion Of Noncurrent Borrowings N/A 7,345,981.00 5,802,450.00 7,499,404.00
Line item in (ron) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 29,769,912.00 36,277,433.00 46,515,629.00
Revenue From Sale Of Goods 27,831,259.00 38,828,205.00 38,270,636.00
Changes In Inventories Of Finished Goods And Work In Progress -1,115,028.00 3,148,814.00 -6,909,089.00
Raw Materials And Consumables Used 12,220,518.00 13,889,562.00 19,519,432.00
Employee Benefits Expense 9,364,160.00 10,508,726.00 12,368,552.00
Depreciation And Amortisation Expense 920,720.00 965,425.00 834,117.00
Profit Loss From Operating Activities 2,421,660.00 5,205,719.00 7,891,197.00
Finance Income 395,977.00 284,450.00 602,213.00
Finance Costs 713,651.00 459,835.00 1,219,142.00
Profit Loss Before Tax 2,103,986.00 5,030,334.00 7,274,268.00
Profit (loss) 2,000,736.00 4,579,610.00 6,901,149.00
Profit Loss Attributable To Owners Of Parent 1,919,296.00 4,331,444.00 6,387,611.00
Profit Loss Attributable To Noncontrolling Interests 81,440.00 248,166.00 513,538.00
Line item in (ron) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A 2,000,736.00 4,579,610.00 6,901,149.00
Interest Paid Classified As Operating Activities N/A 378,149.00 306,420.00 546,504.00
Income Taxes Paid Refund Classified As Operating Activities N/A -986,666.00 -485,296.00 -575,376.00
Cash Flows From Used In Operating Activities N/A 4,318,280.00 7,474,128.00 1,019,200.00
Other Cash Payments To Acquire Interests In Joint Ventures Classified As Investing Activities N/A 180,000.00 200,000.00 135,402.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A 0.00 4,000.00 364,084.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 179,659.00 0.00 1,500,011.00
Dividends Received Classified As Investing Activities N/A 0.00 57,533.00 350,000.00
Interest Received Classified As Investing Activities N/A 45.00 44.00 15.00
Cash Flows From Used In Investing Activities N/A -359,614.00 -243,845.00 -1,751,944.00
Repayments Of Borrowings Classified As Financing Activities N/A 39,123,775.00 29,057,586.00 57,579,311.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 17,791.00 57,799.00 21,688.00
Dividends Paid Classified As Financing Activities N/A 2,100,000.00 1,120,038.00 2,701,842.00
Cash Flows From Used In Financing Activities N/A -3,295,533.00 -511,697.00 -4,967,158.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A 663,133.00 6,718,586.00 -5,699,902.00
Cash and cash equivalents 6,468,238.00 7,131,371.00 13,849,957.00 8,150,055.00

Please note that some sums might not add up.

Filings & Publications

2021

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

ROAAGEACNOR7

LEI

254900VRQYFOKK90NX88

Sector

Industrials

Industry Group

Capital Goods

Industry

Machinery

Sub-Industry

Industrial Machinery & Supplies & Components

Listed Stock Exchange

Bucharest Stock Exchange

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