The business results of the AD Plastik Group for the first\nnine months of 2020 have been published, in which the consequences of the\ncrisis caused by the COVID-19 virus pandemic are evident. Operating revenue of\nthe AD Plastik Group in the reporting period amounted to HRK 841.68 million and\nit was lower by 23.2 percent compared to the same period last year.<\/p>\n\n\n\n
EBITDA of the Group amounted to HRK 108.63 million, being lower\nby 18.7 percent, while the parent company recorded its growth by 5.7, which was\nlargely influenced by the the sales of non-operating assets and government\nincentives used. Despite very demanding circumstances, the Group’s net profit\namounted to HRK 23.79 million, which was a decrease of 62.8 percent compared to\nthe same period last year.<\/p>\n\n\n\n
“Although the impact of the crisis is evident in all\nmarkets in which we operate, in the third quarter the indicators and\nannouncements of our customers were somewhat more optimistic. Namely, there was\na slight increase in car sales, and our customers announce larger quantities,\nwhich will certainly also have a positive impact on our capacities, and therefore\nthe results. New deals sealed worth EUR 106.6 million during this reporting\nperiod support the fact that car manufacturers have not stopped their activities\nand development planning. If customers announcements come true and there are no\nmajor surprises, the expected decline in the Group’s operating revenue for 2020\nwill be about 25 percent,” said Marinko Do\u0161en, President of the Management\nBoard of AD Plastik Group.<\/p>\n\n\n\n
The financial stability of the Group has been preserved, so\nnet financial debt decreased by HRK 59.9 million compared to the end of last\nyear, or by HRK 54.2 million in the parent company. The NFD\/EBITDA ratio was\n2.21 for AD Plastik Group and 2.56 for the parent company.<\/p>\n\n\n\n
“As the COVID-19 virus pandemic still goes on, our absolute\npriorities are employee health and safety protection, as well as business\nsustainability and financial stability. We have been taking all necessary\nmeasures and have adjusted our plans, costs and investments to the new\ncircumstances. The Company’s liquidity and good balance sheet have been ensured,\nwhich will make our business easier in these challenging circumstances,\u201c said\nMarinko Do\u0161en.
<\/p>\n\n\n
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The business results of the AD Plastik Group for the first nine months of 2020 have been published, in which the consequences of the crisis caused by the COVID-19 virus pandemic are evident. Operating revenue of the AD Plastik Group in the reporting period amounted to HRK 841.68 million and it was lower by 23.2 […]<\/p>\n","protected":false},"author":29,"featured_media":20701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[193],"tags":[],"class_list":["post-19243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate"],"acf":[],"yoast_head":"\n