TeraPlast Group posts 76 percent increase in profitability in the first quarter

TeraPlast Group, the largest Romanian producer of construction materials, recorded a 76 percent increase in EBITDA in Q1 2019, compared to the first quarter of last year, to 13,2 million RON, as a result of a 34 percent increase in turnover and a targeted plan to increase profitability.

The increase in the Group’s turnover, from 131 million RON to 175 million RON was organic, generated by the increase of the constructions sector and an improved focus of the Group’s sales team.

Wetterbest had the sharpest increase in turnover, with 18,6 million RON. The company’s turnover reached 44 million RON for Q1 2019 as opposed to 25,5 million RON in the same period of 2018.

TeraPlast had a 17,5 million RON increase in turnover due to the start of the water and sewage infrastructure projects, financed by EU funds. This increase in volumes, as well as measures taken to improve the operational performance of the company lead to an EBITDA increase to 5,7 million RON, +39 percent versus Q1 2018.

In 2019 the Group will invest more than 23 million Euro in the expansion of the production capacities and the diversification of the products portfolio.