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Electrecord SA (Romania)

Main Activities: Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing
Full name: Electrecord SA Profile Updated: August 26, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Electrecord was founded in 1932 by the merchant Nathan Mischonzniki, who brought equipment from Germany to Romania. Initially, the company dealt only with the multiplication of foreign discs, but, from 1937, it started to record Romanian music as well. After nationalization in 1948, Electrecord switched to vinyl records and experienced success, with large print runs and technological improvements. The 1970s and 1980s were the "glory years" for Electrecord, with production reaching 6-7 million discs annually. The company began to produce discs for overseas and switch to audio cassettes. After 1990, Electrecord went into decline due to the advent of CDs and competition, and in 2018 went into insolvency. Currently, a new team is trying to revitalize Electrecord through music reissues and service diversification, wanting to restore the company's historical prestige.

Headquarters
Bulevardul Corneliu Coposu Nr. 11
Bucharest; Bucharest; Postal Code: 030602

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Website: http://www.electrecord.ro

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Incorporation Date:
August 20, 1991
Key Executives
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Censor
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Censor
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Censor
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Special administrator
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Judicial Administrator
Ownership Details
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77.6735%
Company Performance
Financial values in the chart are available after Electrecord SA report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency RON. Absolute financial data is included in the purchased report.
Net sales revenue
91.17%
Total operating revenue
86.24%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
N/A
Total assets
130.23%
Total equity
5.21%
Operating Profit Margin (ROS)
N/A
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Quick Ratio
0.06%
Cash Ratio
0.03%

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