Iasitex SA
BBVB:IASX21.00
RON
+0.20
(+0.96%)
ISIN
ROIASXACNOR5
Return %
Stock
S&P 500
1Y
-3.67
14.20
3Y
-3.67
81.12
5Y
45.83
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- Sector
- Process industries
- Industry
- Textiles
- Address
- Bucharest Romania
- IPO Date
- Dec 23, 1996
- Website
- iasitex.ro
- Similar Companies
- Business
- Iasitex SA is a Romania-based company operating primarily in real estate asset management, commercial property leasing, and the distribution of textile merchandise. Historically established as one of Romania's major textile manufacturers, the company's product and service portfolio encompasses: woven cotton fabrics and spun yarns, including 100% natural cotton and cotton-synthetic fiber blends; bleached, dyed, and printed decorative fabrics; home textile products, including bed sheets, duvet covers, pillowcases, and bed linen sets; dining and kitchen textiles, comprising tablecloths, napkins, and kitchen towels; institutional textiles and fabrics designed for hospitality, healthcare, and protective workwear; wholesale distribution and liquidation of manufactured textile inventory; commercial real estate leasing, including administrative office spaces and storage facilities; and real estate valorization services, including land management, zoning reconversion, and asset disposals. Founded in 1910 and headquartered in Bucharest, Romania, with primary historical facilities and property holdings in Iași, Romania, Iasitex SA operates within the commercial services, real estate, and consumer goods sectors. The company serves commercial tenants, wholesale buyers, institutional clients, and regional real estate developers across Romania and select European markets. Iasitex SA is a member of the Serviciile Comerciale Române (SCR) Group, an industrial holding controlled by businessman Ștefan Vuza. The company's majority ownership is held by A2 Impex Premium Textile S.R.L. and industrial equipment producer UZUC SA, with additional equity held by the Romanian State through the Authority for the Administration of State Assets (AAAS) and public shareholders. Its shares are listed on the Bucharest Stock Exchange Alternative Trading System (AeRO) under the ticker symbol IASX. In recent years, Iasitex SA executed a major strategic restructuring, pivoting its core business model away from industrial manufacturing toward property management and real estate redevelopment. Following the cessation of primary textile production at its historical industrial facility in Iași, the company transitioned to monetizing its operational assets and liquidating residual inventories. To capitalize on urban expansion in northeastern Romania, the company has actively repurposed its extensive former industrial landholdings for large-scale urban regeneration, entering into transactions and zoning initiatives to develop high-density mixed-use residential, office, and retail projects in partnership with regional property developers. Concurrently, the company relocated its statutory headquarters to Bucharest while maintaining administrative operations, investor transparency, and corporate governance compliance on the Bucharest Stock Exchange.