olivLaw · European equity research
P.A. NOVA S.A. NVA.WA
Poland · GPW Warszawa · ISIN PLPANVA00013 · Vertical: Listed companies from Poland
P.A. NOVA is a Gliwice-based group combining general construction of commercial and industrial buildings with real estate development and the management of a portfolio of properties held for its own account. In 2022 the group reported net sales of PLN 206.1 mn and a net profit of PLN 22.6 mn, while total assets of PLN 948.5 mn show a large share of investment property, so the performance of that portfolio matters greatly to investors.
At the close of 05 Nov 2026, P.A. NOVA S.A. (NVA.WA) stock was 17.90 PLN (−0.83% on the day), with market capitalisation 184.4 m PLN, P/E 7.9 on diluted EPS of 2.26 PLN over the last 12 months, dividend yield 0.00%, beta 0.21, 52-week range 14.85–20.20 PLN.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 32.8
- weak (30–45)
- Bollinger (20, 2)
- 17.66 – 20.13
- in the lower half of the band · %B 0.10 · band width 13.1%
- SMA 50 / 200
- 18.77 / 16.93
- mixed trend
- MACD (12, 26, 9)
- -0.25 / -0.11
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −9.1% | −0.6% | −8.5 pp | — |
| 3 months | +0.8% | −4.2% | +5.0 pp | — |
| 6 months | +7.8% | +4.3% | +3.5 pp | — |
| Year to date | +12.2% | +7.5% | +4.7 pp | — |
| 1 year | +11.5% | +9.9% | +1.6 pp | +7.1% |
| 3 years | +20.9% | +49.8% | −28.9 pp | +3.3% |
| 5 years | +19.7% | +42.8% | −23.1 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 2-quarter history (min 5.0, median 5.7, max 6.4; quarters with earnings only).
Fiscal years
| Fiscal year | 2020 | 2021 | 2022 |
|---|---|---|---|
| Revenue | 153.0 m | 199.9 m | 206.1 m |
| Revenue YoY | unavailable | +30.7% | +3.1% |
| Net income | 14.3 m | 23.4 m | 23.3 m |
| Net income YoY | unavailable | +63.2% | −0.5% |
| Diluted EPS | unavailable | 2.33 | 2.26 |
| Diluted EPS YoY | unavailable | unavailable | −3.0% |
| net % | 9.4% | 11.7% | 11.3% |
| Free cash flow | 54.3 m | -12.2 m | unavailable |
Balance sheet & financial health
Fiscal year 2022 · 31 Dec 2022
- Cash
- 57.3 m PLN
- Financial debt
- 259.9 m PLN
- Net debt
- 202.5 m PLN
- Equity
- 434.6 m PLN
- Total assets
- 948.5 m PLN
- Debt / equity
- 0.60x
- Current ratio
- 0.99x
- ROE
- 5.4%
- ROA
- 2.6%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (PLN)
Margins
Income statement · PLN
| Line | 2020 | 2021 | 2022 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 153.0 m | 199.9 m | 206.1 m | esef· 09 May 2023verified |
| Cost of revenue | 116.2 m | 150.5 m | 150.6 m | esef· 09 May 2023verified |
| Gross profit | 36.8 m | 49.4 m | 55.5 m | esef· 09 May 2023verified |
| Operating income | 29.8 m | 40.1 m | 45.6 m | esef· 09 May 2023verified |
| Interest expense | 13.4 m | 13.4 m | 20.0 m | esef· 09 May 2023verified |
| Pre-tax income | 17.5 m | 28.0 m | 27.8 m | esef· 09 May 2023verified |
| Income tax | 3.7 m | 4.7 m | 5.2 m | esef· 09 May 2023verified |
| Net income | 14.3 m | 23.4 m | 23.3 m | esef· 09 May 2023verified |
| Diluted EPS | — | 2.33 | 2.26 | esef· 09 May 2023verified |
| Dividend per share | — | 0.00 | 0.00 | esef· 09 May 2023derived |
Balance sheet · PLN
| Line | 2020 | 2021 | 2022 | Source (latest year) |
|---|---|---|---|---|
| Cash | 43.9 m | 63.9 m | 57.3 m | esef· 09 May 2023verified |
| Receivables | 27.2 m | 48.0 m | 38.2 m | esef· 09 May 2023verified |
| Inventories | 10.4 m | 5.4 m | 1.3 m | esef· 09 May 2023verified |
| Current assets | 116.3 m | 169.1 m | 209.1 m | esef· 09 May 2023verified |
| Property, plant & equipment, net | 14.4 m | 19.3 m | 18.1 m | esef· 09 May 2023verified |
| Goodwill | 3.1 m | 3.1 m | 3.1 m | esef· 09 May 2023verified |
| Intangibles (excl. goodwill) | 6.0 k | 31.0 k | 14.0 k | esef· 09 May 2023verified |
| Total assets | 824.5 m | 872.2 m | 948.5 m | esef· 09 May 2023verified |
| Accounts payable | 34.6 m | 42.2 m | 63.3 m | esef· 09 May 2023verified |
| Long-term debt | — | 272.3 m | 259.9 m | esef· 09 May 2023verified |
| Current liabilities | 83.6 m | 134.5 m | 211.2 m | esef· 09 May 2023verified |
| Total liabilities | 431.6 m | 452.1 m | 513.9 m | esef· 09 May 2023verified |
| Equity | 392.9 m | 420.1 m | 434.6 m | esef· 09 May 2023verified |
| Shares outstanding at year end | — | 10.0 m | 10.3 m | esef· 09 May 2023derived |
Cash flow · PLN
| Line | 2020 | 2021 | 2022 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 83.5 m | -5.6 m | 8.9 m | esef· 09 May 2023verified |
| Capex | 29.2 m | 6.6 m | — | esef· 19 Apr 2022verified |
| Free cash flow | 54.3 m ≈ | -12.2 m ≈ | — | esef· 19 Apr 2022derived |
| Investing cash flow | -16.9 m | 31.6 m | -9.8 m | esef· 09 May 2023verified |
| Financing cash flow | -61.6 m | -6.0 m | -5.7 m | esef· 09 May 2023verified |
| Dividends paid | 559.0 k | 0 | 0 | esef· 09 May 2023verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 33 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 184.4 m PLN
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
- Quality29
- Balance sheet14
- Valuation45
- Returns40
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Unattractive profile · Score 33/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 5.9% | 20 (vs peers) | 17% |
| Net margin · Quality | 11.3% | 72 (vs peers) | 10% |
| FCF conversion · Quality | 9.9% | 0 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 2.3x | 12 (on a fixed band) | 10% |
| Current ratio · Balance sheet | 1.0x | 16 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | 7.9x | 68 (vs peers) | 17% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 1.2% | 16 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | 0.0% | 0 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | 0.0% | 100 (on a fixed band) | 7% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet14/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality29/100 · 3/3 factors with a value
- Returns40/100 · 2/2 factors with a value
- Valuation45/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
P.A. NOVA SPÓŁKA AKCYJNA (NVA.WA). Latest full fiscal year: 2022; data up to 2022-12-31.
Figures computed from the financial statements: revenue 206.1 m PLN in 2022; YoY growth 3.1%; net margin 11.3%; ROE 5.4%.
The estimated value range is 9.99–30.37 PLN per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 18.19 PLN, the price of 17.90 PLN leaves a potential of 1.6% (value / price − 1) and a margin of safety of 1.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 33/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 11.3%
- Payout ratio (FCF): 0.0%
What contradicts it
- ROIC: 5.9%
- FCF conversion: 9.9%
- Interest coverage: 2.3x
- Current ratio: 1.0x
- FCF yield: 1.2%
- Shareholder yield (distributions): 0.0%
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA.
Versus the vertical median
Listed companies from Poland · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BDX.WABudimex Spółka Akcyjna | 19.3 bn | 36.1 | 41.5% | 6.2% | +8.9% | +21% / +36% |
| ACP.WAAsseco Poland S.A. | 19.2 bn | 38.1 | 7.8% | 2.9% | +19.8% | +19% / +202% |
| BFT.WABenefit Systems Spółka Akcyjna | 18.1 bn | 131.1 | 20.8% | 7.2% | +99.9% | +74% / +221% |
| ASE.WAAsseco South Eastern Europe Spółka Akcyjna | 3.7 bn | 19.8 | 18.1% | 12.0% | +36.5% | +7% / +52% |
| 1AT.WAAtal Spółka Akcyjna | 2.3 bn | 6.4 | 29.8% | 22.2% | −1.3% | +7% / +8% |
| ATT.WAGrupa Azoty Spółka Akcyjna | 1.7 bn | — | -37.9% | -20.8% | −45.1% | −10% / −22% |
| ARH.WAArchicom Spółka Akcyjna | 1.3 bn | 12.1 | 15.9% | 22.1% | −21.6% | +13% / +89% |
| ACT.WAAction S.A. | 997.4 m | 27.1 | 8.3% | 1.5% | +6.1% | +70% / +170% |
| BRS.WABoryszew Spółka Akcyjna | 889.2 m | 8.3 | 6.3% | 1.6% | +8.4% | −24% / −26% |
| AGO.WAAgora Spółka Akcyjna | 601.9 m | — | -14.2% | -9.2% | +15.2% | +40% / +21% |
| AMB.WAAmbra S.A. | 468.0 m | 7.6 | 16.4% | 7.0% | +12.9% | +5% / −33% |
| ATC.WAArctic Paper Spółka Akcyjna | 357.2 m | 1.4 | 16.3% | 7.0% | −27.5% | −38% / −75% |
| ATG.WA"atm Grupa Spółka Akcyjna" | 299.3 m | 11.1 | 8.9% | 11.6% | −22.0% | −11% / +3% |
| ART.WAArtifex Mundi S.A. | 226.6 m | 17.4 | 35.7% | 33.3% | +51.9% | +46% / +12% |
| APN.WAAPLISENS Spółka Akcyjna | 194.6 m | 9.5 | 11.4% | 13.8% | +21.8% | −1% / −21% |
| NVA.WAP.a. Nova Spółka Akcyjna | 184.4 m | 7.9 | 5.4% | 11.3% | +3.1% | +13% / +19% |
| BMC.WABumech Spółka Akcyjna | 155.7 m | — | -3.4% | -3.9% | −40.0% | −37% / −49% |
| ALI.WAALTUS Spolka Akcyjna | 153.9 m | 16.8 | 7.9% | 16.9% | +30.3% | +34% / +48% |
| BBT.WABoomBit Spółka Akcyjna | 71.4 m | 4.5 | 20.7% | 6.4% | −16.5% | −19% / −57% |
| BBD.WABbi Development S.A. | 54.1 m | 1.1 | 36.0% | 208.3% | +50.2% | +1% / +9% |
| ALG.WAAll in! Games Spółka Akcyjna | 39.8 m | — | — | -156.9% | −72.2% | −27% / −56% |
| BMX.WABioMaxima Spółka Akcyjna | 37.0 m | 63.2 | 1.2% | 1.3% | −67.5% | −29% / −45% |
| 06N.WAMagna Polonia Spółka Akcyjna | 31.3 m | 0.5 | 115.4% | 964.7% | +13.0% | −28% / −42% |
| BCM.WABETACOM Spółka Akcyjna | 26.7 m | 17.6 | 8.0% | 0.9% | +21.3% | +8% / +4% |
| AWM.WAAirway Medix Spółka Akcyjna | 14.3 m | — | -25.8% | -117,400.0% | −97.7% | −23% / −43% |
1- and 3-year price returns: for NVA.WA from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (PLN)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 10.43 Total return -42% · Per year -42% | 18.45 Total return 3% · Per year 3% | 27.81 Total return 55% · Per year 55% |
| 3 years | 9.83 Total return -45% · Per year -18% | 19.60 Total return 10% · Per year 3% | 32.48 Total return 81% · Per year 22% |
| 5 years | 9.27 Total return -48% · Per year -12% | 20.83 Total return 16% · Per year 3% | 37.94 Total return 112% · Per year 16% |
- Exit P/E± 4.90
- Net margin± 3.43
- Annual revenue growth± 2.86
- Annual dilution± 0.29
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
P.A. NOVA is a Gliwice-based group combining general construction of commercial and industrial buildings with real estate development and the management of a portfolio of properties held for its own account. In 2022 the group reported net sales of PLN 206.1 mn and a net profit of PLN 22.6 mn, while total assets of PLN 948.5 mn show a large share of investment property, so the performance of that portfolio matters greatly to investors.
SWOT
Strengths
- Long experience in commercial and industrial construction, combined with in-house design and management of an owned property portfolio.
- Integrated structure in which subsidiaries are wholly owned, which eases operational control of projects.
- Recurring income from renting investment property, which reduces dependence on one-off construction contracts.
Weaknesses
- Financial debt is significant, and its cost rose visibly in 2022.
- Control exercised by the significant shareholder Budoprojekt may limit the influence of other shareholders on decisions.
- Net profit declined from the prior year, and margins depend on project execution.
Opportunities
- If demand for commercial and industrial space holds, the group could capitalise on its existing portfolio and new projects.
- Expanding CAD and GIS implementation services could add revenue from clients digitalising their design work.
- Selective sales of property assets could generate liquidity to reduce debt.
Threats
- High interest rates could raise the cost of financing and weigh on profit.
- Rising material and labour costs could erode margins on construction contracts.
- A decline in demand for commercial space could reduce occupancy and property values.
Risks
- High indebtednesshigh
Long-term and short-term financial debt is large relative to equity, and servicing it could limit financial flexibility.
- Exposure to property valuationshigh
Investment property makes up most of the assets. A decline in its value could affect the balance sheet and equity.
- Influence of the significant shareholdermedium
Budoprojekt holds an important share of votes, which could influence strategic decisions and dividend distribution.
- Construction project riskmedium
Cost overruns or delays in execution could reduce the margin of the construction segment.
- Currency risklow
Some operations and reporting are affected by exchange rates, and their fluctuations could affect consolidated results.
Investment thesis
What would need to be true (bull case)
- If rental income grows and construction margins stabilise, the group could turn its property portfolio into a more predictable source of recurring income.
- Reducing debt through selective asset sales could materially improve the structure of the balance sheet.
- Experience of over three decades and the integration of design with construction could support winning new contracts.
What would break the thesis
- If interest rates stay high, the cost of debt could absorb a large part of profit and limit investment.
- Net profit fell in 2022, and if that trend continues it could weaken the capacity for self-financing.
- Concentration of assets in property and the influence of the controlling shareholder could limit the group's strategic flexibility.
What to watch
- Trend in rental income and occupancy of the property portfolio2027
- Level of financial debt and interest expensenext 10-K
- Gross margin of the general construction segmentQ1 2027
- Any sales of property assets and use of the proceeds2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The group operates through P.A. NOVA S.A. and a large number of wholly owned subsidiaries, most based in Gliwice. Its core activity is comprehensive execution of general construction investments, with a reported experience of over three decades in commercial, service and industrial facilities. The group also provides design services, both to group companies and third parties, and carries out property development.
A third area is the management of real estate developed for its own account, especially shopping centres and retail space, which gives the group recurring rental income. The group also supplies and implements CAD, PDM and GIS computer systems based on Autodesk software, together with training for engineers and designers. The issuer and group companies are of unlimited duration.
The legal structure is dominated by the holding company P.A. NOVA S.A., registered in the KRS at the District Court in Gliwice, with full consolidation of wholly owned subsidiaries and of a German subsidiary held at 98 percent. The significant shareholder Budoprojekt controls an important share of votes at the general meeting, which should be weighed when assessing governance.
Segments
General construction and design
The general construction segment, supported by over three decades of experience, generates the main part of the group's sales. Design contributes less to revenue but integrates with the construction activity.
Real estate development and portfolio management
Investment property, carried at PLN 692.2 mn at the end of 2022, is the largest item on the balance sheet and is used both for development and for rental. Revenue from this segment depends on occupancy and on decisions to sell assets.
CAD/PDM/GIS software systems
The software segment, based on the Autodesk platform, is the smallest in financial terms, but it complements the offer to construction clients through implementation and training.
Market context
The group operates in the Polish construction and commercial real estate market, where demand for shopping centres, service space and industrial buildings depends on the economic cycle and access to financing. The annual report provides no external market data, so the size and growth of the market cannot be quantified from this source.
Construction activity is sensitive to material costs and project timing, while the property side is sensitive to the returns investors require. For the group, any of these pressures could affect gross margin, which was reported at PLN 55.5 mn for 2022.
Trends
- Higher cost of financingheadwind
Long-term and short-term financial debt rose in 2022, and financial expenses came to exceed financial income. If interest rates stay high, the cost of borrowing could reduce net profit.
- Demand for commercial and industrial spacetailwind
Construction of commercial, service and industrial facilities remains the core of the group's activity. Sustained demand for such space could support the volume of work and occupancy of the portfolio.
- Digitalisation of designtailwind
Adoption of CAD, PDM and GIS tools in construction increases demand for implementation and training, and the group already offers these services through Autodesk-based solutions.
- Construction costs and currency swingsmixed
Rising material and labour costs, combined with exchange rate fluctuations, can affect project margins and the value of some balance sheet assets.
Competitive position
The group competes with other developers and contractors in Poland, particularly in the commercial and industrial segments. Its advantage lies in combining construction, design and management of its own property portfolio.
The analysed source does not identify competitors listed on US markets, so no US ticker symbols can be given for direct comparison.
- Polish commercial real estate developers and contractors
Local competitors in commercial and industrial construction; the source does not name them.
- General contractors in Poland
Firms offering the same execution services to industrial and retail clients.
- Design firms and CAD integrators
Competitors for design services and the implementation of digital systems in construction.
- Shopping centre operators
Competitors in managing and leasing commercial space in the group's own portfolio.
News & filings
In the press
- ZF Private Health. Tiberiu Zaharia, noul director general al Spitalului Nova Vita: 2026 este un an al pregătirii următorilor ani de dezvoltare. Am achiziţionat un robot ROSA pentru protezele de şold şi de genunchiZiarul Financiar · 05 Nov 2026 · RO
- De la Bob Dylan la Brunori Sas și Radici nel Cemento, precum și expoziții noi: toate evenimentele din Roma - Agenzia NovaSurge — Google News · 05 Nov 2026 · RO
- Alerte cu bombă asupra unor zboruri în Europa, cel puțin 20 de avioane implicate. În Italia, „Statul Masculin” își revendică responsabilitatea. - Agenzia NovaSurge — Google News · 05 Nov 2026 · RO
- Paraguay: Președintele Pena demisionează după prăbușirea Băncii Ueno, evitând punerea sub acuzare. - Agenzia NovaSurge — Google News · 05 Nov 2026 · RO
- Paraguay: Banca Ueno se prăbușește, partidul de guvernământ susține demiterea președintelui Pena - Agenzia NovaSurge — Google News · 05 Nov 2026 · RO
- CNN: Camera Reprezentanților din SUA ar putea vota încă de săptămâna viitoare cu privire la demiterea lui Hegseth. - Agenzia NovaSurge — Google News · 05 Nov 2026 · RO
- Triplă alertă cu bombă pe cerul european: două zboruri se îndreptau spre Roma, unul decola din Milano Malpensa. - Agenzia NovaSurge — Google News · 05 Nov 2026 · RO
- Alerte cu bombă pe cerul Europei: două zboruri se îndreptau spre Roma, două au decolat din Milano - Agenzia NovaSurge — Google News · 05 Nov 2026 · RO
- Alerte cu bombă pe cerul Europei: un zbor Dublin-Roma aterizează la Évreux, iar avioanele Finnair îl escortează până la Fiumicino. - Agenzia NovaSurge — Google News · 05 Nov 2026 · RO
- Fundația Americano-Italiană pentru Cancer îl onorează pe John Elkann pentru sprijinul său în cercetarea cancerului. - Agenzia NovaSurge — Google News · 05 Nov 2026 · RO
- Germania: Viceprim-ministrul bavarez Aiwanger a fost găsit mort într-un hotel din Berlin - Agenzia NovaSurge — Google News · 05 Nov 2026 · RO
- Wall Street Journal: Alegerile de la jumătatea mandatului semnalează pierderea influenței politice a lui Elon Musk - Agenzia NovaSurge — Google News · 05 Nov 2026 · RO
- El Sayed, Talarico și Hinojosa: Noile fețe ale democraților americani după alegeri - Agenzia NovaSurge — Google News · 04 Nov 2026 · RO
- Septimiu Costea, CEO Nova Power & Gas: Un furnizor care îşi acoperă o parte tot mai mare din portofoliu din producţie şi stocare proprii este mai puţin expus volatilităţii. Aceasta este logica după care ne dezvoltămZiarul Financiar · 03 Nov 2026 · RO
- NOVA Power & Gas, AJ Brand și Adrem între liderii sectoare energetic: Investiții masive și creșteri exponențiale - www.goldring.roSurge — Google News · 03 Nov 2026 · RO
- Apa Nova pregătește investiții majore pentru modernizarea rețelei de apă și canalizare din București. Cu cât ar putea crește facturileAntena 3 CNN · 03 Nov 2026 · RO
- Intel Compute Runtime Continues Prepping For GPU D Series, OpenCL LEO for Nova Lake PPhoronix · 03 Nov 2026 · EN
- Alegerile de la jumătatea mandatului: Democrații Ossoff și Warner câștigă realegerea în Senat - Agenzia NovaSurge — Google News · 03 Nov 2026 · RO
- Zborul Wizz Air Londra-Sofia a fost deviat către Budapesta din cauza unei amenințări cu bombă, escortat de un avion de vânătoare. - Agenzia NovaSurge — Google News · 02 Nov 2026 · RO
- Yotova, prima femeie aleasă președinte al Bulgariei, întărește poziția lui Radev față de Rusia și Ucraina. - Agenzia NovaSurge — Google News · 02 Nov 2026 · RO
Annual reports (ESEF)
- Annual report 202209 May 2023
- Annual report 202119 Apr 2022
Sources
- [1] Annual report, fiscal year ended 2022-12-31 (ESEF) · SEC / P.A. NOVA S.A. · 31 Dec 2022
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.