Operating revenue amounting to HRK 713.7 million
AD Plastik Group has published the Interim Report by Management for the first six months of 2019, showing that the operating revenue increased by 12.4 percent compared to the same period last year and amounted to HRK 713.7 million. The realized net profit of the Group in the reporting period amounted to HRK 57 million, which is an increase of 1.3 percent compared to the first six months of 2018. The Group’s EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) also recorded a growth of 3.4 percent and in the observed period it amounted to HRK 103.4 million.
„The serial production of the new Clio 5, one of the best-selling models of the Renault Group, began in June and due to the excellent demand and acceptance of this model in the market, we’ll have a significant increase in the quantities produced and the full implementation of all production activities during the autumn. Twingo, Smart and Clio as well as the start of the serial production of the new Ford Puma which is ahead of us provide us with stability of business in the upcoming period,“ said Marinko Došen, President of the Management Board of AD Plastik Group.
The net financial result was more favorable in the observed period, and the net financial debt increased compared to the end of 2018, although it decreased compared to the first quarter. This is mainly due to the realization of a loan to finance investments in the parent company.
„The announcements of our customers are good, which is confirmed by new deals sealed in the reporting period for the European market worth EUR 57 million. First deals sealed for our Hungarian company since its takeover are among them, which is significant because of the continuity and improvement of cooperation with new customers in the Group’s portfolio. Our revenue shows that we have been constantly growing better than the markets themselves in which we operate and confirms the validity of our business decisions, as the European and Russian markets continue to record a smaller fall in new car sales,“ said Marinko Došen.
