Against this backdrop, Stanean is looking with optimism at the current year.
“Moreover, 2015 is the last year when we can draw the money earmarked for Romania from EU’s previous budget and hence we have no excuse for being for another year among the European countries seeing their construction market decline,” states Stanean.
Teraplast reported revenue worth RON232.4 million for 2014, up 2.5%against 2013. “We would have wanted a stronger revenue increase, but this was not possible because of the 10-15% decline registered by the construction field in 2014, amid the plummeting public investments,” says Stanean.
On the other hand, Teraplast’s net profit rose by 72% in 2014, to RON8.9 million.
Teraplast, listed on the Bucharest Stock Exchange in 2008, is controlled by businessman Dorel Goia, with a 46.7% stake.
(English version by Catalina Apostoiu)