The company’s EBITDA dropped by 77% to RON2.6 million.
Promateris has budgeted EUR8 million investments for 2023, in the new business line BioMateris, but also in production capacity expansion and product range diversification, as well as upgrading and boosting the efficiency of existing production lines, cutting the carbon footprint and equipment purchases.
The impact of the new investments will become visible starting the second half of the year.
The group is majority held by Florin Pogonaru, with a 34.5% stake, followed by Paval Holding (24%) and SC NORD Bucuresti (10%).
(English version by Catalina Apostoiu)