The continuation of successful operations and\nthe realization of the planned growth of revenue and profit of the AD Plastik\nGroup have been confirmed by the just-announced interim unaudited results for\n2019. Operating revenue amounted to HRK 1.5 billion, representing an increase\nof 17.1 percent compared to the same period last year.<\/p>\n\n\n\n
Revenue at the parent company increased by 17.3\npercent, amounting to HRK 1.1 billion. Start of serial production of new\nvehicle models and tool sales regarding these vehicles have greatly influenced\nprofitability growth, thus EBITDA of the Group amounted to HRK 194.8 million,\nrecording an increase of 20.4 percent, while in the parent company it increased\nby 49.2 percent and amounted to HRK 121.1\nmillion. The Group’s profit increased by 10.4 percent, amounting to HRK 98.6\nmillion, and in the parent company the profit is slightly higher than last\nyear’s, amounting to HRK 89.7 million.<\/p>\n\n\n\n
\u201eDespite the challenges in the automotive\nmarket, our results confirm the correctness of our vision, strategy and\nbusiness decisions we make. The growth trend of our Group is still above the\nmarket trends in which we operate, which also shows that we have chosen a good\ndirection of business development. The past year was extremeley challenging for\nour production sites, especially in Croatia. We have successfully started\nserial production regarding several new and very significant projects, the most\nnotable of which are Clio 5 and Ford Puma as well as redesigned Twingo and Smart.\nWe have filled production capacities in Croatia and new deals worth EUR 157.9\nmillion, sealed for the Russian market, will significantly fill the capacities\nof our Russian production sites. In addition to the new deals sealed for the\nRussian market, new deals worth EUR 57 million have been sealed in the European\nmarket,\u201c said Marinko Do\u0161en, <\/strong>President\nof the Management Board of AD Plastik Group.<\/p>\n\n\n\n Despite the significant investment cycle, the\ngrowth of operating business has improved net financial debt ratios relative to\nEBITDA, amounting to 2.26 at the Group level.<\/p>\n\n\n\n \u201eWe have made a safe step into another business\nyear that brings new challenges and opportunities, and I believe also the\nsuccessful results. Preparations of our production sites in Russia for\nacceptance of new projects as well as production stabilization at Croatian\nproduction sites lay ahead of us. We have set ambitious plans and the goals and\ntheir realization requires a high level of focus from us. The results we have\nbeen achieving are an additional motivation and incentive, but at the same time\nan obligation and responsibility to all our stakeholders to continue in the\ndirection of further growth and development of the Group,\u201c said Marinko Do\u0161en.<\/strong><\/p>\n\n\n\n The ADPL share price increased by 8.5 percent\nin the reporting period and as of December 31, 2019, its price amounted to HRK\n191. According to the AD Plastik Group’s dividend policy and results achieved,\na dividend amounting to HRK 12.5 per share was paid last year.<\/strong><\/p>\n ","protected":false},"excerpt":{"rendered":" The continuation of successful operations and the realization of the planned growth of revenue and profit of the AD Plastik Group have been confirmed by the just-announced interim unaudited results for 2019. Operating revenue amounted to HRK 1.5 billion, representing an increase of 17.1 percent compared to the same period last year. Revenue at the […]<\/p>\n","protected":false},"author":31,"featured_media":20637,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[193],"tags":[],"class_list":["post-16592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate"],"acf":[],"yoast_head":"\n