In 2011, Teraplast’s turnover fell 1.74% on the year from RON212.74 million in 2010.
Teraplast plans to invest nearly EUR1 million this year to produce a new system of joinery profiles.
Teraplast estimates an EBITDA (earnings before interest, taxes, depreciation and amortization) of RON25.17 million in 2012, compared to RON2.62 million in 2011, on the backdrop of maintaining total expenditure at a level relatively similar to that in 2011 (RON238.38 million in 2012, compared to RON235.32 million in 2011) and in the wake of an increase in sales.
Teraplast is the largest company in the Teraplast group and its portfolio of products covers all the range of installations, except the heating and ventilation installations.
At the end of 2011, Teraplast was 34.25% owned by Dorel Goia, 11% owned by regional investment fund SIF Banat-Crisana and 8.47% owned by Emanoil Viciu. The remainder stake of 46.28% is distributed among minority shareholders.
Teraplast shares were last traded Thursday when the company had a market value of RON68.5 million (EUR15.6 million).
(EUR1=RON4.3747)