Significant growth in revenue and profitability
AD Plastik Group has published the unaudited financial report for 2024, confirming strong revenue growth and business stabilization. The achieved results clearly indicate the strengthening of the company’s market position and the establishment of solid foundations for sustainable growth in the future.
The Group’s operating revenue amounted to EUR 152.96 million, an increase of 18.2 percent compared to the previous year. At the same time, EBITDA grew by 83.2 percent, reaching EUR 13.21 million, while net profit amounted to EUR 2.15 million.
The achieved results reflect the realization of new projects, optimization of business processes, and increased capacity utilization. The new projects have proven to be a key driver of revenue growth, and their further realization is expected to positively impact business results in 2025 and in the coming periods, with additional increases in capacity utilization and profitability. It is anticipated that the serial production of the project, which starts this year, will further improve the operational and financial efficiency of the company.
“Behind us is a year of stable growth, strategic advancements, and adaptations in a dynamic business environment. Despite macroeconomic challenges and uncertainties in the global automotive market, we have achieved a notable business result that confirms the success of our strategy focused on growth and business optimization. We are particularly pleased by the fact that our key market breakthroughs are already visible. During the reporting period, new deals worth EUR 54.8 million were sealed, and the beginning of 2025 was marked by the signing of a significant contract worth EUR 126.8 million with a new customer in the European market. This gives us a strong foundation for further growth and business stability,” said Marinko Došen, President of the Management Board of AD Plastik Group.
Project and industrialization activities were among the key priorities for the company in 2024, and their successful realization had a significant impact on business results. Although investments were substantial due to the launch of new projects, collection of tooling payments and positive operational cash flow allowed for significant deleveraging. At the same time, sales activities were very dynamic, with an emphasis on the European market and a steady inflow of new contracts.
The automotive industry is undergoing a period of significant changes, with market trends clearly indicating the need to adapt to purchasing habits. At the same time, regulatory changes and macroeconomic uncertainty require additional flexibility in business operations. “We are stepping into 2025 prepared for further growth, strengthening our competitive position and creating sustainable value for all stakeholders. In times of dynamic change, our focus remains on delivering quality and reliable solutions that meet the high standards of our customers and the increasingly demanding market. We continue to build our position as a reliable partner, ready for the challenges and opportunities that the future holds“, Došen concluded.
