The increase is mainly due to the businesses included in the group’s portfolio in 2017, namely, Depaco – Wetterbest, the sandwich panels factory in Serbia and the Politub business, according to the company’s financial report.
TeraPlast Group includes companies TeraSteel Romania and TeraSteel Serbia (manufacturers of sandwich panels and zincate metallic structures), TeraPlast (manufacturer of pipes, granules and PVC profiles), Depaco (producer of metallic tile under the Wetterbest brand), TeraGlass (manufacturer of PVC windows and doors) and TeraPlast Hungary (distributor).
Its earnings before interest, taxes, depreciation and amortization (EBITDA) rose 16% to RON7.59 million, the report also reads.
The Steel division (TeraSteel Romania, TeraSteel Serbia and Depaco) generated 56% of the group’s turnover.
Starting 2018, the group’s financial statements include Depaco, a company controlled by TeraPlast since January. Depaco reported a turnover of RON25.54 million, up 13% from the first quarter of 2017.
The sandwich panels segment generated a turnover of RON47.7 million in the first quarter of 2018 (up 80% from the same period in 2017).
Also, in 2018, TeraSteel Serbia concluded major contracts with customers in Serbia, Kosovo, Montenegro, Macedonia and Croatia, pursuing its strategy to become a leading regional player.
The group’s plastics division reported a turnover of RON58 million in the first quarter of 2018, up 44% on the year, within the polyethylene segment (through the Politub brand) contributing RON5 million to the turnover.