Year-end with revenue growth and a confirmed commitment to a sustainable future
AD Plastik Group has published its Integrated Annual Report for 2024, the first report prepared in accordance with the new European Sustainability Reporting Standards (ESRS). This further confirms the commitment to transparency, responsible business practices, and progress in aligning with the latest European Union regulatory framework. An independent auditing firm issued a positive opinion on compliance with the requirements of the European Delegated Act, making AD Plastik Group one of the first Croatian companies to successfully pass the reporting audit according to the new standards.
During the reporting period, the Group made a significant step forward, reaching operating revenue of EUR 152.44 million, representing a 17.9 percent increase compared to the previous year. EBITDA increased by an impressive 86.0 percent, reaching EUR 13.41 million, while net profit amounted to EUR 2.13 million. In addition to a strong operational recovery, the Group further reduced its debt level, thereby creating a solid foundation for future growth.
“Although current global trends – from the slowdown in electric vehicle sales to regulatory and tariff pressures – continue to introduce a new level of uncertainty in the automotive industry, we remain firmly focused on strategic development, innovation, and expansion in the European market. During the reporting period, new deals worth EUR 54.8 million were sealed, and the beginning of 2025 was marked by the conclusion of a significant contract worth EUR 126.8 million with a new customer in the European market. The total value of newly contracted projects in the last two years is almost EUR 300 million, which confirms the long-term sustainability and market relevance of our business model,“ said Marinko Došen, President of the Management Board of AD Plastik Group.
This year’s report not only ensures regulatory compliance but also demonstrates concrete progress in sustainability reporting, including an in-depth materiality analysis, stakeholder engagement, and consistent integration of ESG goals into the business strategy. Comparison with the previous year confirms significant improvements in transparency, data quality, and reporting methodology.
Numerous sustainability indicators show positive developments, such as a remarkable 101.5 percent increase in the amount of recycled waste, a 46 percent increase in the share of recycled materials in products, and a 22.3 percent reduction in the workplace injury rate. These advancements are the result of continuous and targeted investments, process optimization, and ongoing improvements to the working environment.
“The financial indicators clearly reflect the stability we have achieved. In addition to profit generated, revenue growth, and a strong increase in operational efficiency, we have further reduced debt and consolidated the Group’s financial position. This has provided a solid foundation for resilience, flexibility, and continued growth in line with the challenges ahead—as well as the ambitions we strive for,” concluded Došen.
