TeraPlast was listed on the Bucharest stock market in July 2008.
The BET index also includes Alro (ALR.RO), Banca Transilvania (TLV.RO), BRD – Groupe Societe Generale (BRD.RO), the Bucharest Stock Exchange (BVB.RO), Conpet (COTE.RO), DIGI Communications N.V. (DIGI.RO), Electrica (EL.RO), Fondul Proprietatea (FP.RO), MedLife (M.RO), OMV Petrom (SNP.RO), Nuclearelectrica (SNN.RO), Purcari Wineries (WINE.RO), Romgaz (SNG.RO), Sphera Franchise Group (SFG.RO), Transgaz (TGN.RO), Transelectrica (TEL.RO).
“The inclusion of TeraPlast in the BET and BET-TR indices comes to complement and better represent the sectors on the stock exchange. From the point of view of investors, either institutional or retail, sectorial diversification is essential for investment strategies,” said Adrian Tanase, CEO of the Bucharest Stock Exchange.
BET is the first index launched by BVB and includes the most traded companies listed on the local stock exchange, except for the Financial Investment Companies (SIFs), while BET-TR (Total Return) also includes the dividends paid by the companies from the BET index.
“We are living in a time when good news is scarce in financial markets. Nevertheless, we are determined to continue to serve the interests of our shareholders and potential investors, proving that we are a stable, attractive, and liquid company that they can trust. We have the necessary resources to reach our objectives for 2020, and the first months of this year are within the forecast parameters. We are seasoned in handling crisis situations like the one we are currently experiencing because we had experienced another crisis 12 years ago. If all non-food plants do not shut down, following the Italian approach, we are confident we will emerge stronger,” said Alexandru Stanean, general manager of TeraPlast.
TeraPlast Group is currently the largest Romanian producer of construction materials. The group consists of: TeraPlast, TeraSteel Romania & Serbia, Wetterbest, TeraGlass, TeraPlast Hungary. Since April 2019, the recycling business has been spun off in the independent company TeraPlast Recycling.
The TeraPlast Group posted RON972.6 million in turnover in 2019, EBITDA accounted for RON91.2 million, while the group’s investments exceeded RON98 million.
For 2020, TeraPlast Group forecasts RON1.25 billion in turnover, up 29% compared with 2019, and sees EBITDA over RON145 million.