Sales growth and good business results
Sales growth and good business results achieved by the Group in the first six months are the result of a business strategy focused strongly on customer needs and developing partnerships. Optimum capacity utilization, high operational efficiency, and quality cost management and financial expenditures management are the reason for further growth in net profit. Realized net profit in the first half of the year amounted to HRK 56.30 million, which is by 44.69 percent more than the net profit realized in the same period last year.
Operating revenue of the Group increased by 19.47 percent in the first six months compared with the same period in 2017 and amounted to HRK 634.73 million. Russian market recovery and new deals for Fiat, Volkswagen and Ford have influenced revenue growth and the share of these customers in Group revenue has become increasingly important.
„In the second quarter of this year, we sealed new deals for the European and Russian markets with a total value of more than EUR 35 million and we have an additional reason for satisfaction. This year, our business will be primarily marked by the realization of new projects that will ensure continuation of realization of good results and further growth of revenue in the medium term. The Russian market has been recovering, and the car sales in the European market have been constantly growing, and this is best seen through increasing our customers’ orders and sealing new deals,“ pointed out President of the Management Board Marinko Došen.
In the reporting period, the EBITDA of the Group amounted to HRK 99.92 million, showing a growth of 17.05 percent compared to the same period of the previous year. This is another confirmation of high efficiency and good cost management. The AD Plastik Group’s financial position improvement trend has also continued in the observed period, which is confirmed by further decrease in net financial debt by HRK 60.72 million compared to the last day of 2017.
„AD Plastik Group confirms its position in the market as a quality and reliable partner every day and this is a prerequisite for achieving our planned goals of further growth and development of the company. We have set good bases for a quality and stable long-term business, which is confirmed by achieved results,“ said Marinko Došen.
