Positive business trend continues

AD Plastik Group continues its positive business trend, as confirmed by recently published interim report for the first nine months of 2018. The Group’s operating revenue amounted to HRK 939.39 million, representing an increase of 20.51 percent compared to the same period of the previous year. A clear vision and strategy of the company, focused on the needs of the market and customers, enable a continuous growth in its operating revenue.

Net profit for the first nine months amounted to HRK 60.09 million and compared to the same period of the last year it increased by 44.24 percent. Revenue growth, operational efficiency of production sites, and lower financing costs are the most responsible for the achievement of these results.

 „At the end of July we became 100% owner of one of the leading Hungarian companies for the production of plastic components Tisza Automotive, thus achieving the key goals of our growth strategy and medium-term development plan. Realization of new projects and deals sealed will ensure the continuation of revenue growth and good results in the medium term,“ said Marinko Došen.

In the reporting period, the EBITDA of the Group also increased by 9.75 percent and amounted to HRK 128.94 million. The net financial position is very stable, although it has been changed compared to the previous periods due to the acquisition performed. Since the beginning of the year, more than EUR 135 million of new deals for well-known customers has been sealed and this is the foundation for further successful operations.

 „We meet all market and customers requirements and that is the foundation of further business progress. Prerequisites for future growth and development have been successfully set and it is up to us to accept new challenges and continue in the direction we have determined,“ said President of the Management Board Marinko Došen.