In the first nine months of 2017, the company posted a turnover of RON294.634 million, compared with RON310.909 million in the same period a year before. Its earnings before interest, taxes, depreciation, and amortization (EBITDA) reached RON32.909 million in the first nine months of 2017, from RON47.267 million in the same interval a year before.
Teraplast groups includes the company Teraplast (manufacturer of pipes, granules and PVC profiles), TeraSteel Bistrita and Terasteel Serbia branches (producers of sandwich panels and zincate metallic structures), the TeraGlass subsidiary (manufacturer of PVC windows and doors), Teraplast Hungary (distributor), Politub (manufacturer of polyethylene pipes) and jointly controlled company Depaco* (producer of metallic tile).
Early June 2017, Teraplast announced the acquisition of Serbian sandwich panel producer Interlemind for EUR4.3 million, being the first factory abroad opened after 1990 and fully owned by Romanian company. TeraSteel Serbia will serve countries like Serbia, Bulgaria, Macedonia, Bosnia, Croatia and Montenegro, as well as secondary markets such as Hunary, southern Romania and northern Greece.
In 2017, Teraplast group announced the acquisition of a 60% stake in Depaco, the secod largest on the metallic tile market, through the Wetterbest brand. The series of acquistions continued with the acquisition of water and gas pipeline manufacturer Politub, which fully joined Teraplast’s portfolio starting October.
The three acquisitions prompted the approval of an increase of over 14% in the group’s investment plan for 2017, from RON84 million to RON96 million, in September 2017.