Significant revenue and net profit growth

The AD Plastik Group’s report for the first three months of 2017 shows a successful beginning of the year. Group’s operating revenue in the reporting period amounted to HRK 268.8 million, which was by 4.1 percent higher than in the same period of the previous year. Continuous work on rationalization of costs and production processes is visible at the entire Group level.

„The results of the first quarter give us the reason for satisfaction and additional optimism. We have achieved enviable operating revenue, EBITDA has increased by 17.7 percent compared to the same period of last year, the net profit of the Group continued to grow and for the first three months it amounted to HRK 23.4 million,” said Marinko Došen, President of the Management Board.

EBITDA at the Group level amounted to HRK 42.3 million, which compared to HRK 35.9 million realized in the same period last year confirms continuous improvement in cost efficiency. There was also a decrease in credit indebtedness amounting to HRK 13 million in the first three months. The main reasons for the good results achieved are stable production and realized operational plans of all key customers, as well as the clearly defined business strategy and its realization. Good results of Russian plants indicate the final cessation of sales decline, i.e. the first indication of recovery in this market.

„We continue to focus our business on growth in existing markets, business optimization, and opening up new markets. The market value of our company has been constantly growing, which is an additional incentive and confirmation of the successful realization of the established business strategy. I am confident that we will achieve the set plans and goals and thus continue the trend of strengthening our company’s financial position,” added Marinko Došen.