Continuation of positive business trends

Positive business trends of AD Plastik Group have successfully continued in the third quarter. Operating revenue grew by 5.9 percent and in the first nine months of 2017 they amounted to HRK 779.5 million. The net profit in the amount of HRK 41.7 million was by 33.7 percent higher than in the same period last year.

The final recovery of the Russian market contributed greatly to total revenue growth, and operating revenue in that market grew by even 21 percent, while overall vehicle sales growth in Russia in the same period amounted to 10.6 percent. In the markets of the European Union and Serbia, AD Plastik has a stable market position which has been strengthened through the new deals sealed in 2017.

„Continuous work on optimizing business efficiency and cost management is manifested primarily through increased margins and profitability. EBITDA margin in the reporting period amounted to a very high 15.1 percent and EBITDA amounted to HRK 117.5 million, showing a growth of 18.2 percent compared to the same period of the previous year,” said Marinko Došen, President of the Management Board.

The financial position of AD Plastik Group strengthened in the first nine months of 2017, so as compared to the end of last year, the credit indebtedness decreased by HRK 31.2 million.

„In the observed period, we have been working intensively on signing new deals for existing customers which have reached the final phase of the negotiations and we are hoping for the upcoming nominations. In the third quarter, a dividend of HRK 8.5 per share was paid and we started investing in ‘Pilot painting line for industrial research, development and innovation’,” said Marinko Došen.