Positive impact of the new projects realization
The published business results of the AD Plastik Group for the first six months of 2024 show a visible continuation of market recovery and the company’s business operations. The Group’s operating revenue increased by 21.6 percent compared to the same period last year, amounting to EUR 80.30 million. At the same time, the parent company achieved operating revenue of EUR 62.53 million, representing an increase of 26.1 percent. The revenue growth has been largely influenced by new projects whose serial production started during the year.
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) at the Group level amounted to EUR 6.52 million, which is an increase of 23.6 percent compared to the first six months of last year. EBITDA in the parent company increased by 44.5 percent, amounting to EUR 4.56 million. The Group’s net profit for the first six months amounted to EUR 1.82 million, representing an increase of 43.7 percent in relation to the comparative period.
“The achieved results are based on the successful implementation of new projects whose serial production started. Our industrialization and project activities remain in full swing. A serial production for an additional six projects will start by the end of the year, and the projects which started in the first half of the year are moving successfully towards reaching the contracted quantities. Simultaneously, our sales activities are very intense, strengthening our position and contributing to further revenue growth. During the reporting period, we sealed new deals worth EUR 9.2 million, and in the second half of the year, we expect this trend to continue and new additional deals to be signed,” said Marinko Došen, President of the Management Board of AD Plastik Group.
Investments in development, specific equipment, and returnable packaging for new projects continue, while a reduction in indebtedness compared to the end of last year is also recorded.
“Our commitment to maintaining financial stability, increasing capacity utilization, and growing profitability remains unchanged and we believe that the continued implementation of new projects, intense sales activities, and our strategic focus on development and quality will contribute to the continuation of positive business trends. We are sure that our knowledge and experience can lead to even greater success and ensure stable and prosperous growth for our company. We look to the future with optimism, aware of the challenges and opportunities that we must overcome,” said Došen.
