“The first semester of 2022 was a challenging one, marked by the war in Ukraine, the rapid increase in inflation, and interest rates. However, we are satisfied with the recorded results, as we consolidated the EBITDA margin through the bioplastic recycling line, where we recycled 100% of the bio-based industrial waste, reintroducing it into production. We also made operational optimizations and continued investments in the R&D department. We developed new products which we will be launching in the coming period. At the same time, other important aspects that contributed to the positive results of the first six months of the year were new market entries and the securement of existing clients. Regarding future plans, we have a series of projects underway. These will continue the development of the group’s portfolio of products, new markets entries, the launch of a new brand of recycled plastic packaging, but also the development of industrial applications” stated Tudor Georgescu, Promateris CEO.
The increase in the company’s turnover in the first half of 2022 by 3,5% is a result of the consolidation of the client portfolio and the position in the markets where Promateris sells its products.
Net profit reached RON4.9 million, from RON9.6 million in the same period of 2021.
Promateris will launch a new brand within the group, Looper, dedicated to recycled plastic packaging. Looper products will primarily address the modern retail and waste management sectors.
The company’s investment plans include the installation of a photovoltaic system at the Promateris factory in Buftea, which will contribute to the transition to green energy by replacing the use of power based on fossil fuels with solar energy. Promateris develop the project in partnership with Norwegian company Norsk Energi.
(English version by Catalina Apostoiu)