AD Plastik Group posts increased revenue and profit in 2019

ZAGREB, Feb 18 (Croatia Sun News) – Car parts manufacturer AD Plastik Group generated a business revenue of €203 million in 2019, up 17.1% from 2018 and a net profit of €13.32 million, an increase of 10.4% over the previous year, according to its financial statements released on the Zagreb Stock Exchange on Monday.

Business revenue reached €209 million, up 17.1% while business expenditure increased by 16.9% to €197 million.

The Group’s EBITDA increased by 20.4% to €26.32 million year on year.

Investments of about €22 million in 2019 were on the most part used to expand capacities for new projects in Croatia and partially in Russia, the company has reported.

Commenting on the business results, the group’s management board chair Marijan Dosen said that 2019 was yet another very successful year in which the results achieved were better than planned.

(Source: Hina)

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