The highest revenue in the last ten years
The published audited annual financial statements confirm that the year 2017 for AD Plastik Group was one of the best in the last ten years. Group’s operating revenue increased by 16.5 percent compared to the previous year and amounted to HRK 1,090.14 million. Net profit for 2017 amounted to record HRK 70.21 million and increased by 41.2 percent compared to the previous year. Earnings before interest, taxes, depreciation and amortization (EBITDA) in the reporting period amounted to HRK 158.43 million, which represented an increase of 16.6 percent compared to the previous year. According to the announcements, EBITDA margin remained at the previous year’s level of 14.5 percent.
„Successful results are the reason for satisfaction, but also an incentive for further realization of the planned goals. This was a very successful year for AD Plastik Group and a solid foundation for the planned future. Our operating revenue in the reporting period grew by 16.5 percent, which shows that realized investments and projects in the past year were a good strategic choice,“ said President of the Management Board Marinko Došen.
The company’s financial position improvement trend has continued and business growth has been achieved with further decrease in net debt. Credit indebtedness decreased by HRK 54.11 million compared to the same period last year.
„Last year we sealed a significant number of new deals for several models of Renault Group, PSA Group, Ford, Volkswagen and Nissan vehicles, which will provide us with over EUR 150 million of revenue over the next few years. A very significant and dynamic project period is ahead of us. Our priority in further business is investment in technological development and knowledge with the overall growth of the Group in the European and Russian automotive markets. This will be accomplished by the planned increase in production and sales at all locations,“ added Marinko Došen.
AD Plastik Group published its first Integrated Report for 2017, which includes the report by the management of the company, the sustainable development report and the annual financial statements. It contains all the key financial and non-financial information that reports on our company’s impact on society and the environment. The Group has chosen an integrated reporting method for better and more comprehensive informing its stakeholders. In this way, the financial values of the company have been connected with business values in the area of society and the environment. The goal is to thoroughly and transparently present the business strategy of the company, its financial results, corporate culture and approach to corporate social responsibility to its stakeholders.
