It said its operational EBITDA grew 8%, to RON12.3 million after investments in previous years targeting higher productivity and lower production costs.
Of total sales, plastics accounted for 56%, while polymer products accounted for 17%.
The decrease in Romcarbon’s net sales was heavily influenced by the plastics sector, where the company dropped orders which were not quantity or price efficient. While the measure led to a decrease in sales for this group of products, it helped improve operational EBITDA , the company said.
In the last months of 2019, the company started producing biodegradable small bags after obtaining a certification regarding the biodegradability from TUV Austria. The share of this subgroup of products in the total sales of the group in 2019 was relatively small (1.24%) but for 2020 it is expected to reach 13%, being one of the growth engines of the sector.