Report by Management of AD Plastik Group for the first nine months of 2016 shows continued work on optimizing business efficiency. Operating revenue of the Group in the reported period amounted to HRK 736 million, which was 4.85 percent less than in the same period of previous year, largely due to the decline in sales in the Russian market. It is important to point out that the decline in Group revenue in the Russian market was lower than the decline in car sales in Russia for the first nine months.

„Sales in the European market were slightly lower due to lower orders from the customer Hella, but the revenue was almost at the level of last year’s. In the Russian market revenue decreased by 10.7 percent, but this is less than the total decline in car sales for the first nine months in Russia. Although car sales in the Russian market continue to decline, the market has gradually been stabilizing“, said the President of the Management Board Marinko Došen.

EBITDA at the Group level amounted to HRK 99.4 million, and compared with HRK 87.7 million realized in the same period of the previous year, it indicated a significant improvement in cost efficiency. Obligations towards suppliers and financial institutions in the first nine months decreased by HRK 53 million, which was a noticeable reduction in debt.

„Optimizing business efficiency, especially in the Russian Federation’s market, and reducing total liabilities are key targets this year. The new deals sealed over the past few months for Fiat and Volkswagen are a proof of the quality of the AD Plastik Group. Quality and compliance with set deadlines are exactly what makes the difference in today’s automotive world. New deals, realization of which is planned in the next year, are a very good foundation for planning further growth and development of our company,“ said Marinko Došen.

The project „From idea to innovation“ has been launched, aim of which is stimulating the creativity of all employees in order to jointly improve processes and ensure better product quality. With his/hers creative and innovative ideas each employee contributes to the realization of company’s strategy of achieving greater competitiveness. Good employees’ ideas can improve business, achieve savings, improve and speed up business processes or simply make work easier. The system of rewarding ideas for improvement has been adapted and presented to employees and it has been applied for some time in production sites of AD Plastik Group in Russia.

„We invite all colleagues to suggest areas and opportunities for improvement that they recognize at their workplace. We will help them in their realization and reward contribution of the most significant ideas. Realized ideas for improvement will be promoted as best practices within the Group“, said Nino Kaćanski, one of the initiators of this project.

A return football match took place among teams of productions sites in Solin and Zagreb. The atmosphere among the players was excellent until the very end. Zagreb employees led 1:0 but in the last ten minutes the result turned and Solin employees defeated Zagreb with the result 3:1. Scorers were Marin Boban, Ante Gotovac and Nikola Čulo from Solin production site and Tihomir Blašković from Zagreb production site. According to the audience, Ante Gotovac scored eurogol.

„The match was equal and then we started to play seriously and showed Dalmatian combativeness“, said director of production site Solin Matko Serdarević.