Successful realization of business strategy

Financial results for the first quarter of AD Plastik Group confirm the revenue growth and announced forecasts. The Group’s operating revenue grew by 20.3 percent and for the first three months amounted to HRK 323.33 million. Net profit amounted to HRK 31.84 million, and represented an increase of 35.92 percent compared with the same period last year.

Such a strong growth in revenue is the result of newly sealed deals, but also the growth of existing customers’ orders and the recovery of the Russian market. Strong focus on process improvement and cost efficiency resulted in significant increase in profit. Group’s EBITDA in the observed period amounted to HRK 52.16 million, representing an increase of 23.43 percent compared to the same period of the previous year.

 „The achieved results confirm the successful realization of the planned deals and the announced growth of the business. They show that we have been successfully implementing planned growth strategy and set goals, as well as improvement of business efficiency. In some segments we even surpass them,“ said the President of the Management Board Marinko Došen.

The trend of improving the financial position of Group in the first three months has continued, which is best seen through further reduction in net financial debt, which decreased by HRK 15.36 million compared to the last day of 2017.

 „We base further development of the company on solid foundations which gives us security and additional motivation. Increase in production and sales at all our production sites is a goal that we have been achieving and we will continue to achieve in accordance with our business strategy. We are continuing with new investments, business growth and realization of planned results,“ said Marinko Došen.