Santierul Naval 2 Mai SA Mangalia
BBVB:STNM29.20
RON
-3.00
(-9.32%)
ISIN
ROSTNMACNOR8
Return %
Stock
S&P 500
1Y
35.19
14.20
3Y
484.00
81.12
5Y
129.92
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
- Producer manufacturing
- Industry
- Trucks/Construction/Farm machinery
- Address
- Mangalia Romania
- IPO Date
- Dec 12, 2001
- Website
- sn2mai.ro
- Similar Companies
- Business
- Santierul Naval 2 Mai SA Mangalia is a Romania-based maritime holding and manufacturing enterprise primarily engaged in shipbuilding, ship repair, marine conversion, and port infrastructure management. Founded in 1974 and headquartered in Mangalia, Constanta County, Romania, the company operates under the majority ownership of the Romanian State through the Ministry of Economy and is publicly listed on the Bucharest Stock Exchange under the ticker symbol STNM. The company delivers a diverse spectrum of maritime and industrial solutions, including the construction of commercial, naval, and offshore vessels such as bulk carriers, container ships, crude oil and product tankers, specialized utility vessels, barges, and tugboats; comprehensive ship repair, conversion, and modernization services utilizing deep-water dry docks and equipped outfitting quays; fabrication, welding, and assembly of heavy steel structures, marine hull modules, and offshore equipment; surface preparation, high-pressure hydrodynamic washing, grit blasting, and marine-grade protective coating applications; mechanical servicing, propulsion system maintenance, shaft line alignments, steering gear overhauls, and piping installations; as well as auxiliary port services comprising vessel towing, mooring, heavy crane operations, berth leasing, and industrial utility distribution. In recent operational developments, the company has been centrally involved in the major restructuring and insolvency proceedings of its core operating joint-venture affiliate, Damen Shipyards Mangalia SA, which formally entered judicial insolvency in 2024 following governance disputes, arbitration filings, and operational disengagement by minority partner Damen Holding BV. In response, Santierul Naval 2 Mai SA and the Romanian Ministry of Economy have initiated extensive reorganization frameworks, exploring new strategic alliances, capital restructuring, and the integration of shipyard capacities into European naval defense programs, civil maritime repair contracts, and national security shipbuilding initiatives to safeguard industrial continuity and workforce capabilities.