For the whole 2021, TeraPlast Group’s budget is built on a turnover of RON636.2 million and an EBITDA of RON89.1 million.
The group carries out investments of over RON160 million in doubling the production capacity of installations and the biodegradable flexible packaging factory.
End-February 2021, TeraPlast Group announced the closing of the transaction for the sale of the steel products division to Kingspan Group. The Board of Directors proposes that RON226.6 million from the price cashed should be distributed as special dividends and, starting this fall, one free share should be granted for four shares owned, within the share capital increase by RON43.6 million.
The Installations and Recycling business segment had a turnover of RON76.45 million and an EBITDA of RON13.36 million, which accounts for 76% of the Group’s consolidated EBITDA.
The Granules business segment contributed 20% to the consolidated turnover and saw a 35% increase compared with the first quarter of 2020.
TeraGlass’ Windows and Doors business line saw a 37.6% increase in revenue, to RON8.86 million, while the EBITDA margin on this segment was 8%.
TeraPlast Recycling had an EBITDA of RON1.32 million in the first quarter of 2021. The current processing capacity reaches 12,000 tons, and will increase to 28,000 tons until the end of the year, following the Group’s investments in this segment with huge potential in terms of streamlining the activity and sustainability.
Mid-April 2021, TeraPlast Group received the approval of Romania’s Competition Council for acquiring 70% of the shares of flexible packaging producer Somplast. “Following the acquisition of Somplast, 4.000 tons of polyethylene production capacities were added to TeraPlast Group. Of these, 3.000 tons represent the films capacity and 1.000 tons the pipe production capacity,” the company said in a stock market announcement.
In 2020, the Plastics Division, which continues its activity within the Group after the sale of Steel Division, was the most dynamic, with a 56% higher EBITDA compared with a year before.