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Torgoterm AD (Bulgaria)

Main Activities: Metal Kitchen Cookware, Utensil, Cutlery, and Flatware (except Precious) Manufacturing | Institutional Furniture Manufacturing
Full name: Torgoterm AD Profile Updated: September 08, 2023
Buy our report for this company USD 29.95 Most recent financial data: 2021 Available in: English Download a sample report

Torgoterm AD is a public joint-stock company located in Kyustendil, Bulgaria. It was founded in 1965 as a manufacturer of professional kitchen equipment. Since 2006, Torgoterm has been a subsidiary of Metalcomplexengineering AD Sofia, which is also the majority owner. The company is certified according to ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, and ISO 45001-2018 for occupational health and safety management. Torgoterm's main activities are focused on two main areas. Firstly, they design, manufacture, trade, and service professional kitchen equipment for catering establishments such as restaurants, bars, cafeterias, and school kitchens. The products are made from stainless steel certified for food production. Several restaurants in resort complexes such as Albena, Sunny Beach, Duni, Golden Sands, Borovets, St. Constantine and Elena, among others, are equipped by Torgoterm. Secondly, Torgoterm produces electrical panels, cabinets, canopies, counters, and superstructures made of stainless steel. The panels and cabinets meet protection degree requirements (IP-66 for panels, IP-55 for cabinets) and are UL controlled. Both types of products are exported to France, Spain, Italy, and other countries, with exports accounting for 80% of sales. Thanks to its modern technological park, which includes laser complexes, sheet metal processing centers, and other digitally controlled machines, Torgoterm applies flexible technologies and produces custom-made products. In 2010, the company enriched its park with an automated technological complex for cutting and bending sheet metal parts, based on a project by the Japanese company "Amada". The project was implemented with the financial support of the European Union under Operational Program "Development of the Competitiveness of the Bulgarian Economy" 2007-2013, project number BG161PO003-2.1.04.

Headquarters
1 Ovoshtarska Str.
Kyustendil; Kyustendil; Postal Code: 2500

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Website: http://torgoterm-bg.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
June 26, 1991
Key Executives
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Executive Director and Member of the Board of Directors
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Member of the Board of Directors
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Member of the Board of Directors
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Member of the Board of Directors
Ownership Details
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79.9%
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18.92%
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Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BGN. Absolute financial data is included in the purchased report.
Net sales revenue
50.56%
Total operating revenue
51.9%
Operating profit (EBIT)
N/A
EBITDA
120.3%
Net Profit (Loss) for the Period
N/A
Total assets
25.03%
Total equity
14.76%
Operating Profit Margin (ROS)
N/A
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Debt to Equity Ratio
-10.68%
Quick Ratio
0.17%
Cash Ratio
-0.04%

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