The consequences of the\ncrisis caused by the COVID-19 virus pandemic are also reflected in the\npublished business results of the AD Plastik Group for the first six months of\n2020. Thus, the operating revenue of the Group amounted to HRK 548.78 million\nand were lower by 23.1 percent compared to the same period last year. <\/p>\n\n\n\n
Group’s EBITDA amounted\nto HRK 75.46 million, being lower by 27 percent, while in the parent company\nits growth of 4.9 percent was realized, which was largely influenced by the\nsales of non-operating assets and use of government incentives. Despite the\ncircumstances, Group generated a net profit in the amount of HRK 17.31 million,\nwhich was by 69.6 percent less compared to the same period last year.<\/p>\n\n\n\n
\u201cDespite the very\nchallenging circumstances, we have shown a high level of knowledge, quality and\nreliability also in these demanding times without compromising at any moment\nthe delivery and production processes of our customers. Brand new and\nunexpected challenges that we have faced, caught us after the business year in\nwhich we achieved the best business results in history, which greatly eased the\nsituation for us. We have adapted our ambitious plans and goals to the\ncircumstances and taken all necessary measures and activities to ensure a high\nlevel of safety for our employees, sustainable business and financial stability\nof the Company. We have adjusted the investment plan, rationalized costs and\ntaken all measures in order to maintain the best possible liquidity,\u201c said\nMarinko Do\u0161en, President of the Management Board of AD Plastik.<\/p>\n\n\n\n
Net financial debt was\nsignificantly reduced compared to the end of the previous year, which was\nmostly influenced by the sales of non-operating assets, as well as the inflow\nfrom the part of tools. The NFD\/EBITDA ratio was also more favorable, amounting\nto 2.13 at the Group level.<\/p>\n\n\n\n
\u201cThe good news is that\nin the first six months we sealed new deals worth EUR 92.5 million for the\nfuture period, which confirms that our customers have continued with their\nactivities and plans. A demanding year lies ahead of us that requires complete\nfocus, determination and perseverance and sudden external influences that have\ntemporarily slowed us down in our development plans certainly won\u2019t stop us,\u201c\nsaid Marinko Do\u0161en.<\/p>\n ","protected":false},"excerpt":{"rendered":"
The consequences of the crisis caused by the COVID-19 virus pandemic are also reflected in the published business results of the AD Plastik Group for the first six months of 2020. Thus, the operating revenue of the Group amounted to HRK 548.78 million and were lower by 23.1 percent compared to the same period last […]<\/p>\n","protected":false},"author":31,"featured_media":20693,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[193,79],"tags":[],"class_list":["post-18260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate","category-korporativne"],"acf":[],"yoast_head":"\n