Raw material expenses hit RON130 million, from RON132 million in the previous year, while energy and water ones reached RON5.3 million, from RON3.2 million.
“2022 was undoubtedly marked by complex challenges, such as the soaring costs of raw materials, energy, workforce or funding costs. Also, because of supply chain delays, part of investments scheduled for 2022 were postponed to 2023. These will have a significant positive impact in EBITDA starting the second half of 2023. We plan to investment further and we have regional development plans with regard to compostable packaging, but we are also considering other green projects,” says Tudor Georgescu, Promateris CEO.
The company had short-term banking loans of RON40.7 million at end-2022, from RON21.8 million in the previous year.
Promateris has a RON315 million capitalization after its shares have lost 35% in the past 12 months.
(English version by Catalina Apostoiu)