TeraPlast Group - net profit up by 41% in the first nine months and 46% increase in turnover
Bistrița, October 25, 2021
- The turnover increased by 46%: from RON 310 million (9 months 2020) to RON 415 million (9 months 2021)
- EBITDA increased by 32%: from RON 49 million (9 months 2020) to RON 64.5 million (9 months 2021)
- Operating profit advanced by 37%: from RON 36.8 million (9 months 2020) to RON 50.5 million (9 months 2021)
- Net profit increased by 41%: from RON 30.6 million (9 months 2020) to RON 43.3 million (9 months 2021)
- CFO Ioana Birta: "We continued the operational and investment development at a fast pace, although the third quarter was characterized by many market challenges that could continue in the fourth quarter of 2021"
TeraPlast Group continued its competitive and dynamic evolution in the third quarter, despite the challenging climate and the growing uncertainty of the business environment compared to previous intervals. The Group’s turnover had a robust evolution, and at nine months it registered an increase of 46% compared to the corresponding period of the prior year’s restated results, to over RON 451 million. The operating profit advanced by 37%, up to RON 50.5 million. At the same time, the net profit reached RON 43.3 million, a significant progress of 41%, a performance that reflects both the volume increases and the efficiency of the activity.
Even in a complex environment, characterized by many external constraints, TeraPlast Group managed the performance to exceed the results recorded for the entire financial year 2020 after the first three quarters of the year, a comparison that takes into account the resizing of the group, following the sale of steel products and window profiles divisions. Thus, the turnover is higher at nine months by 14% compared to the whole year 2020, and the EBITDA shows an advance of 18% compared to the entire year 2020.
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