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AL CIRCLE

ALRO celebrates 28 years on the stock exchange, market cap up 21x since listing

EDITED BY : 3MINS READ

Romanian aluminium producer ALRO, a subsidiary of Cyprus-based Vimetco PLC, marked 28 years of trading on the Bucharest Stock Exchange (BVB) and 60 years of uninterrupted industrial activity. Since its listing on October 16, 1997, ALRO’s market capitalisation has soared nearly 21 times and now exceeds RON 1 billion (USD 220 million).

ALRO celebrates 28 years on the stock exchange, market cap up 21x since listing

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Image credit: BVB press release

The company’s journey began with the production of Romania’s first batch of aluminium on June 30, 1965, at the Aluminium Plant in Slatina. Since then, more than 12 million tonnes of cast aluminium and 11 million tonnes of electrolytic aluminium have been produced in the country.

Over its time on the stock exchange, ALRO has seen over 220,000 transactions involving more than 510 million of its shares, with a total value exceeding RON 1.4 billion (USD 308 million). It has also distributed gross dividends amounting to RON 2.65 billion (USD 583 million).

“In all these years, ALRO has written history in the aluminium industry both in Romania and abroad, becoming one of the renowned issuers on the capital market and a true example in terms of the stability of a company and the trust cultivated among investors. We congratulate the ALRO team for its longevity and remarkable successes over the past 60 years, and we hope that more and more issuers on the BVB will mark, over time, such significant moments,” said Remus Vulpescu, General Manager of the Bucharest Stock Exchange.

ALRO is part of the BET-BK and BET Plus indices on the BVB. Since the BET-BK’s launch in 2012, it has delivered a price return of over 250 per cent. In 2018, ALRO shares were promoted from the Standard Category to the Premium Category of the BVB’s Regulated Market. Additionally, ALRO is one of 35 Romanian companies included in the MSCI Frontier Markets index, a leading global benchmark.

“Regardless of business environment conditions, legislative challenges, or unforeseen events, ALRO has continued to grow as one of Europe’s largest aluminium producers and one of Romania’s key companies,” said Marian Năstase, Chairman of ALRO’s Board of Directors. “We will continue to invest in sustainability, in innovative products, and in technologies that use resources smartly, remaining a trusted partner for clients, communities, and authorities.”

The ALRO Group, which has an annual turnover of approximately USD 741 million, employs around 2,600 people and indirectly supports over 20,000 jobs in related industries. In 2024, ALRO and its subsidiaries contributed nearly RON 215 million (over USD 46 million) to state and local budgets. Between 2020 and 2024, its total contributions reached RON 1.28 billion (USD 281.6 million).

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EDITED BY : 3MINS READ

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