„In 2023 Q1, the company had a profit of around 4 million lei from the land transaction with LIDL. Apart from this difference, the main influences are from the sectors Recycled Polymers & Compounds and Polypropylene processing,” reads the company’s report.
At RON52.6 million, individual revenues dropped by 15% year-on-year, while EBITDA slid by 82% to RON1 million.
Romcarbon recorded a profit of 661,677 lei in Q1 from the sale of the shortterm investment in Hidroelectrica (H2O) and Aquila Part Prod Com S.A. (“AQUILA”).
„For the Recycled Polymers & Compounds sector, the main problem was the production interruption and generated losses of around 2.6 million lei in 2024 Q1. However, following the replacement of the broken parts and old equipment, the loss has decreased monthly, from 1.2 million lei in Jan. to 0.75 million lei in Feb. and respectively to 0.5 million lei in Mar. Some more equipment is yet to be delivered in 2024 Q2 and we expect to unlock most of obstacles by June”.
At group level, net losses reached RON2.2 milion, after RON2.8 million profit in Q1/2023, and revenues hit RON74.9 million, down 17%.
EBITDA dropped by 75% to RON1.7 million.
(English version by Catalina Apostoiu)