about us | newsletter | contact | archive | members area
Bogdan Nitulescu, Tremend
Cryptocurrencies volatility is a big problem»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

TeraPlast Group reported 97 per cent increase in turnover in Q1 2018

TeraPlast Group, one of the main players in the construction market, posted a 131 million RON turnover in the first quarter of 2018 (1st quarter 2017: 67 million RON). The main contributors to this increase were the businesses that joined the group's portfolio in 2017: Depaco - Wetterbest, the sandwich panel factory in Serbia and the Politub business.

2018-05-03 11:03:36

TeraPlast Group includes TeraSteel Romania and TeraSteel Serbia (producers of sandwich panels and galvanized metal structures), TeraPlast (manufacturer of PVC pipes, granules and profiles), Depaco (Wetterbest metal tile manufacturer), TeraGlass (PVC window and door manufacturer) and the distributor TeraPlast Hungary.

Steel Division, TeraSteel Romania, TeraSteel Serbia and Depaco, generated 56 per cent of the Group's turnover in the first quarter of this year.

Starting 2018, the Group′s financial statements includes Depaco, a company controlled by TeraPlast since January. Depaco registered a turnover of 25 million RON, up with 13 per cent compared to Q1 2017. Through its synergy with TeraSteel, Depaco also accessed industrial construction projects, for which it provided blackboards, registering a 65 per cent increase in sales on this segment. On a growing residential building market, Wetterbest continues its market share growth strategy.

From the perspective of the TeraPlast Group′s management team, 2018 began as a volatile year, and we do not have any reasons to believe that this volatility will decrease in the next quaters. In these first three months, the competition between manufacturers was primarily on price, as showed by the Group's EBITDA margin of 6 per cent for Q1 2018.

The growth driver of the construction market will continue to be the private sector. For the infrastructure sector, which represents 12% of the group′s turnover for the year 2018, there are no clear forecasts.
In this context, it turns out that the diversification of activities was a correct strategy. The Group will continue to integrate the purchased businesses in order to increase the overall business efficiency.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  1885 Views
Daily Info
OTP Bank Romania to double its IT team to support its digital development plans

OTP Bank Romania will double its IT team in order to support its digital development plans for next year.

Black Sea Oil & Gas signs the gas sales agreement with Engie for natural gas supply from the MGD project

Black Sea Oil & Gas together with its co-venture partners, Petro Ventures Resources and Gas Plus International, announced the signing of the gas sales agreement with Engie thr...

Bucharest Stock Exchange and other capital market representatives establish the Romanian Investor Relations Association

Companies listed on the Bucharest Stock Exchange (BVB), those with potential to become listed companies jointly with funds managers and Investor Relations (IR) professionals f...

GapMinder fund invests in FintechOS, a start-up that develops AI solutions for the financial services industry

FintechOS, a company specializing in accelerating the digital transformation of financial institutions, has attracted 600,000 Euro of funding from the GapMinder investment fun...

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting with...

 
 
   
advertising

advertising

advertising

advertising

advertising

advertising

More on News
ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...

EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...

Black Sea Oil & Gas and Transgaz sign 15-year contract for the MGD Project gas production transmission into the NTS

Transgaz and Black Sea Oil & Gas signed the gas transmission contract for the transport of the Midia Gas Development Project (MGD Project) production into the National Tran...

Corina Popescu is the new CEO of Electrica

The Board of Directors of Electrica, one of the most valuable companies where the state is the main stakeholder, has agreed to end the collaboration with its CEO Dan Catali...

Black Sea Oil & Gas signs the gas sales agreement with Engie for natural gas supply from the MGD project

Black Sea Oil & Gas together with its co-venture partners, Petro Ventures Resources and Gas Plus International, announced the signing of the gas sales agreement with Engie ...

Romgaz posts a net profit of 1.02 billion RON in the first nine months of 2018

Romania's natural gas company Romgaz posted a net profit of 1.02 billion RON in the first nine months of 2018, a decrease of 14 per cent compared to the year-ago period. To...