Industry new orders down
New orders in the manufacturing industry fell by 2.7% in Q1 2026 compared to Q1 2025, in nominal terms, as a result of declines in the consumer goods industry (-6.4%), intermediate goods (-4.4%), capital goods (-1.4%) and durable goods (-1.3%), according to the INS. In March, orders increased by 16.9% compared to February, but remained at the same level compared to March 2025. (Source: INS)
The turnover in the industry is decreasing
Industry turnover fell in the first three months of 2026 by 2.1% in nominal terms, driven by declines in extractive industry (-4.5%) and manufacturing (-2%). Among the major industrial groups, the largest declines were in the energy industry (-5.5%) and durable goods (-5.3%), followed by capital goods (-2%), intermediate goods (-1.9%) and consumer goods (-0.3%). In March 2026, industry turnover increased by 15.8% compared to February, but decreased by 0.1% compared to March 2025. (Source: ZF)
UK retail sales, biggest drop in last year
UK retail sales fell 1.3% in April, the biggest fall since May 2025, as consumers cut back on spending amid the energy shock from the Iran war. Sales of auto fuel fell 10%, the biggest monthly drop since November 2020, as motorists conserved gas after stocking up in March. Retail sales, excluding fuel, fell 0.4%. Analysts forecast GDP growth to slow to just 0.1% in Q2 and the household energy bill to rise by 13% this summer. (Source: Bloomberg)
Inflation in Japan at four-year low
Japan’s core consumer price index (excluding fresh food) rose just 1.4% YoY in April, the slowest pace in four years and below all economists’ estimates, amid government energy subsidies. Services prices slowed to 0.9 percent and rice rose just 0.6 percent, in stark contrast to the 98.4 percent jump since April 2025. The data complicates the Bank of Japan’s outlook for a rate hike next month, although Bloomberg Economics expects a rate hike to 1 percent in June. (Source: Bloomberg)
A partially negotiated agreement
President Donald Trump said Saturday that a peace deal with Iran that would reopen the Strait of Hormuz is “largely negotiated” and will be announced soon. Trump said he held talks with leaders from Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, Turkey, Egypt, Jordan, Bahrain and Israeli Prime Minister Benjamin Netanyahu to finalize the deal. The deal would include a first step in the form of a memorandum of understanding, but major differences remain, including over control of the Strait of Hormuz and Iran’s nuclear program. Tehran says it has not accepted the surrender of enriched uranium stockpiles, and Iranian sources consider the US announcements incomplete and inaccurate (Source: CNBC)
Nuclearelectrica 69.5 RON (0.00%) MCap 20.9B P/E 7.8
Nuclearelectrica reported in Q1 2026 an individual net profit of 887.8 million RON, up 72.8% compared to 513.7 million RON in Q1 2025, due to the elimination of the contribution to the Energy Transition Fund (CFTE), which cost the company 340.7 million RON in the same period of 2025. Operating income increased by 8.3%, to 1,614 million RON, and EBITDA increased by 63.9%, to 1,157 million RON. Production decreased slightly by 3.2%, to 2,635 GWh, and revenues from the sale of electricity advanced by 9.5%, to 1,574 million RON. (Source: BVB)
Romcarbon Buzau 0.1695 RON (-0.88%) MCap 89.5M P/E 19.3597
The Romcarbon Group recorded in Q1 2026 a consolidated net loss of 462,442 RON, a significant improvement of 4.47 million RON compared to the loss of 4.93 million RON in Q1 2025. Individual Romcarbon returned to profit (251,443 RON, from a loss of 3.68 million RON). EBITDA went from -1.49 million RON to 2.81 million RON. Consolidated revenues decreased by 9%, to RON 62.28 million. The company is completing a grant co-financed investment in Q3 2026 that will increase plastic recycling capacity and improve competitiveness from Q4 2026. (Source: BVB)
Sphera Franchise Group 36.5 RON (-2.14%) MCap 1.41B P/E 25.8
Sphera Franchise Group, the operator of KFC, Pizza Hut and Taco Bell, recorded in Q1 2026 sales of 378 million RON (+4.2%) and a net profit of 5.4 million RON (-30%), amid the increase in operational costs and the expansion process. KFC generated 85.8% of sales (324.3 million RON, +4.2%), Taco Bell increased by 12.2%, to 27.1 million RON, and Pizza Hut decreased by 3.2%, to 26.3 million RON. EBITDA at group level was RON 24 million (-3.5%). Romania represented 86.3% of sales, Italy 12.1%, and the Republic of Moldova 1.6%. The group operates 182 restaurants. (Source: ZF)
Banca Transilvania 38.64 RON (0.00%) MCap 42.1B P/E 8.55
Banca Transilvania ended Q1 2026 with a consolidated net profit of 1.14 billion RON, up 30.1% YoY, on the back of an increase in net interest income by 8.7%, to 1.67 billion RON, and those from commissions by 12.9%, to 366.6 million RON. At the individual level, the net profit was 950.2 million RON (+25.6%). The group’s assets reached RON 227 billion, and the active customer base is close to 5 million. The non-performing loans rate was 2.55%, and the solvency was 20.65%. Return on equity (ROE) was 19.54%. The shareholders approved a gross dividend of 1.284 RON per share. (Source: BVB)
Simtel Team 40.1 RON (1.26%) MCap 326M P/E 581.4
Simtel Team shares fell by 8% after the publication of Q1 2026 results and by 30% since the beginning of the year, to a capitalization of 320 million RON. The group reported consolidated operating income of 152.4 million RON (+91%), supported by the energy supply and trading segment and the advance of EPC projects. However, EBITDA fell from 8.7m RON to 0.6m RON, and the company recorded a net loss of 3.8m RON, compared to a profit of 5.8m RON in Q1 2025. (Source: ZF)
OMV Petrom 1.0480 RON (-0.19%) MCap 65.3B P/E 21.6473
NN Group sold OMV Petrom shares and dropped below the 5% threshold, to 4.94% of the share capital (3.07 billion shares, valued at around 3.2 billion RON), from 5.03% previously. The largest vehicle in the package remains the Private Pension Fund NN, with 4.57%. SNP shares are up 5% since the beginning of the year and 50% in the last 12 months, at a capitalization of RON 65.4 billion. OMV Petrom reported sales of 9.6 billion RON in Q1 2026 (+7% YoY) and a net profit of 1 billion RON (-4%). (Source: ZF)
It Genetics 9.05 RON (1.69%) MCap 55.3M P/E 38.85
In Q1 2026, the IT Genetics Group reported consolidated operating income of RON 22.4 million, a level similar to that of the comparable period last year, in a prudent economic context. Operating expenses remained stable, but personnel costs increased by 31%, up to 3.5 million RON, as a result of team expansion and investments in business development. EBITDA stood at 55 thousand RON, and the operating loss (EBIT) was 396 thousand RON, reflecting the temporary pressure on margins. The group recorded a net loss of RON 406 thousand, influenced by continuous investments in international expansion, own products and organizational consolidation. (Source: BVB)
This factual presentation is made by the TradeVille Analysis Department. The quotations shown are those at the end of the previous trading day. Investing in financial instruments involves specific risks; past performance is not a reliable indicator of future results. Acquisition costs and currency fluctuations can influence investment returns.
There is no risk-free financial instrument (read). SSIF TradeVille SA, Bd. Pierre de Coubertin no. 3–5, Office Building, lot 3/1, floor 3–4, sector 2, Bucharest, 021901, +40 21 318 75 55, (email protected). CNVM authorization 2225/15.07.2003. Regulated by ASF.
Charts displayed based on BVB/CBOE data.
