about us | newsletter | contact | archive | members area
Pascal Robin, Sanofi Romania
The country evolution is to be taken into consideration by any foreign investors»
  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  |  1816 Views
Daily Info
Transelectrica accelerates investments to increase the energy system safety in Dobrogea

The National Power Grid Company Transelectrica marked the completion of the second stage of the project of rehabilitation of the Station Transformation 400/110/20 kV Tulcea We...

CTP: smart expansion in a growing market

CTP, the most dynamic logistics and industrial parks developer in the country, will soon become a "millionaire" in square meters of premium logistics space. The company experi...

New regulations adopted by ANRE will have a strong negative impact on consumers and endanger 4.500 jobs, says ACUE

The electricity distributors members of the Federation of Associations of Energy Utility Companies (ACUE) are deeply concerned about the negative impact on networks and consum...

President Iohannis: Interconnection projects revealed at Three Seas Initiative summit are a top level political signal

The list of priority interconnection projects presented within the Summit of the Three Seas Initiative is "a top level political signal", on Tuesday stated Klaus Iohannis, in ...

Vodafone to lay off 1,700 service center employees in Romania, India and Egypt

Vodafone, one of the biggest telecom groups in the world, will lay off 1,700 employees from its service centers in Romania, India and Egypt, in this financial year, the group'...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
President Iohannis to hold CSAT meeting on September 4 for budget revision

Romanian president Klaus Iohannis has summoned on September 4 the members of the Supreme Council of National Defence (CSAT) to approve the budget revisions for institutions...

1 Comment

New Government reshuffle in Romania to take place in October

A new reshuffle of the Government is supposed to take place in early October, according to the Socialist-Democrat Party (PSD) Liviu Dragnea. He said that, together with the...

Anca Jurma named interim chief prosecutor of Romanian anti-corruption agency

Prosecutor Anca Jurma has been named the interim chief prosecutor of the Romanian anti-corruption agency (DNA) following an order by the General Prosecutor Augustin Lazar. ...

1 Comment

Ambassador Klemm: Women are directly affected by digital exclusion

Women are directly affected by digital exclusion, US Ambassador to Bucharest Hans Klemm said Monday at the opening of the Digital Romania International Forum.

President Iohannis: Interconnection projects revealed at Three Seas Initiative summit are a top level political signal

The list of priority interconnection projects presented within the Summit of the Three Seas Initiative is "a top level political signal", on Tuesday stated Klaus Iohannis, ...

Black Sea Trade and Development Bank gives 40 million Euro loan to Alpha Bank Romania

The Black Sea Trade and Development Bank (BSTDB) is increasing the availability of financing to small and medium enterprises (SMEs) in Romania with a 40 million Euro SME Fa...

Romanian bank to change name after takeover

U.S. investment fund J.C. Flowers is preparing to change the name of local lender Piraeus Bank, which they acquired at the end of last year from Greek group Piraeus.