“In the first three months of 2016, we managed to increase 56% on the year on the polystyrene segment. It is clearer and clearer that the market is getting educated, several clients who had previously migrated to the lowest price are now returning to the correct price, with the guarantee that the product is in accordance with the label specifications,” said Marcel Barbut, CEO AdePlast.
Last year, the business only grew 2%, after the company gave up the extruded polystyrene production at the beginning of the year. Nevertheless, AdePlast profit rose 16.5% to RON14.6 million.
“For this year, we want to keep the same growth rate,” Barbut said.
In 2015, AdePlast reported a turnover of RON306.5 million, while its EBITDA rose 13.3% to RON47.7 million.