The group, which is a leading manufacturer of biodegradable and compostable packaging in Central and Eastern Europe, also includes distribution company Biodeck and posted consolidated EBITDA of more than RON14 million, 106% more than in the corresponding period of last year.
“Even though we experienced an unusual context [due to the health crisis], the Promateris team rose to the challenge, proving it can grow even in less friendly circumstances,” Promateris chief executive officer Tudor Georgescu said.
“In the first half of 2021, Promateris continued its investments in developing the company and its production capacities by purchasing state-of-the-art equipment, training its technical and management teams, and investing in the research and development department. Our goal is to develop innovative products that have a low impact on the environment.”
The positive financial results in the first half are largely because of the increase in production of biodegradable and compostable packaging. Promateris has consolidated its position in Romania, as well as abroad, by developing distribution channels in Central and Eastern Europe, in such countries as Greece, Poland and Hungary.
(English version by Loredana Fratila-Cristescu)