“Public and private investments are mostly in standby and we do not have any signals we will witness a rebound in the coming months. In the current market context, we are maintaining our strategy of being a profitable company and of not entering the price war generated by dwindling demand on the market,” Simion told ZF.
The company tripled its profit in the first half of this year against the same period of 2013. First-half profit reached 1.5 million lei (around EUR340,000) in the context where revenue dropped by 1% to RON103.15 million (EUR23.4 million).
Figures improved in the second quarter of the year considering the company for the first quarter reported losses of RON1.2 million.
During the analyzed period, the company curbed its financial loss by 75%, to RON523,000.
However, on the market, demand is falling and there are no signs of a pickup in the following period. Still, the company has budgeted a 31% revenue increase for this year, from RON48 million (EUR10.9 million) last year, while profit is put at RON7.7 million (EUR1.7 million), up 48% on the year.
The company’s network currently includes five warehouses nationwide.
“Teraplast budgeted investments totally worth EUR1.3 million for this year, mainly aimed at equipment purchases, but also at the fitting out of regional warehouses,” added Simion.
(English version by Catalina Apostoiu)