Record revenue for AD Plastik Group
Interim Unaudited Report of AD Plastik Group for 2017 shows the best business results achieved over the past ten years. Group’s operating revenue in the reporting period grew by 16.15 percent and amounted to HRK 1,086.89 million.
Net profit increased by 37.3 percent compared to the previous year and amounted to HRK 68.24 million. Continuous improvement in the financial position and cost efficiency is also reflected in EBITDA amounting to HRK 157.38 million which represents an increase of 15.84 percent compared to the previous year. In 2017 the Group also reduced its credit indebtedness by HRK 54.11 million.
„Achieved revenue growth shows that the realized investments, programs and technologies in the past year were a good strategic choice. Adequate cost management and business efficiency optimization resulted in an increase in margins and profits. At the same time, we have created the prerequisites for further capital investments and the realization of potential acquisitions,“ said President of the Management Board Marinko Došen.
ADPL-R-A share price in the previous year grew by 22.54 percent and on December 31, 2017 it amounted to HRK 169.10, while CROBEX in the same period dropped by 7.62 percent. In the same period, dividends were paid out in the amount of HRK 8.5 per share. The year will also be remembered for a significant number of new deals that have been sealed and whose expected revenue in the following years exceeds EUR 150 million.
„The customer is the most important figure in planning our further activities, so in the past year we have expanded our production capacities in Zagreb, while our capacities in Solin are fully utilized. Continuous engagement also resulted in the record high sales we achieved in the last quarter of 2017. This is a good indicator of the trend of the year which has already begun. This is a very important project year for us and a very dynamic period lies ahead of our Group. We have set strong foundations for future growth and development and this gives us the assurance to look to the future with optimism,“ said Marinko Došen.
