The Group said Tuesday its EBITDA grew 26%, to over RON35 million from over RON28 million in the first half od 2018.
“The performance we registered during the first six months is in line with our objective of continuing the upward trend as well as with the strategy of improving our margin, things we took on already last year. While during 2018 we focused on consolidating the new businesses, for this year we aim for sustained growth by expanding our regional presence and developing our production facilities through an ambitious investment plan,” said Ioana Birta, CFO of TeraPlast Group.
The best performance in the first half was registered by TeraPlast, with 28% turnover growth mainly due to the Installation business line amid positive development of the infrastructure projects. Its revenue topped RON167 million, while EBITDA stood at over RON15 million, up 37% on the year.
Sales of metallic roof tiles business line reached over RON105 million in the first half, compared with RON82 million in the same period last year. Wetterbest inaugurated in June a new showroom in Brasov and is building a new production unit in Prahova county. The new factory will increase current production capacity to over 10 million square meters of metallic roof tiles.
The sandwich panels business line had revenues of over RON130 million in the first half, up 18% on the year. TeraSteel, which strengthened its market share in the Balkans with the help of the Serbian factory, expects a market share increase determined by the dynamics of the civil and industrial constructions sector.
The TeraGlass factory is undergoing reorganization this year and will receive an investment of RON16.6 million co-financed via state grants. Production on the new lines will start at the beginning of 2020 and the company targets significant sales growth domestically and abroad over the next two years.
TeraPlast Group is investing RON109 million this year in expanding production capacities, upgrading production equipment, maintenance and diversification of the products portfolio. Part of these investments are co-financed through state aid.