TeraPlast Group recorded a 34% increase in turnover in 2024, up to 897.9 million RON, an evolution supported by the increase in volumes sold, the launch of the Opal stretch film factory and the consolidation of the results of the companies acquired in 2024.According to a press release from the group, EBITDA remained at a similar level to that of 2023, reaching 52 million RON."This reflects both the strategy of increasing market shares, as well as the impact of price pressure and the contraction of certain European markets. Thus, in the context of the disproportionate evolution of turnover and profitability, the EBITDA margin for the whole of 2024 stands at 5.8%, compared to 7.6% in 2023," the cited document reads.For 2024, the TeraPlast Group recorded a net loss of 19.6 million RON, mainly due to the increase in interest expenses and depreciation costs, as a result of the operationalization of investments in new factories. The negative result was determined in particular by the loss recorded from the start-up of the Opal stretch film business, which is in a process of accelerated ramp-up and market share gain, the company specifies. An additional contribution was made by the loss recorded by TeraBio Pack, along with non-recurring expenses during 2024 related to geographical expansion.Sales outside Romania increased by 122%, reaching 233.6 million RON in 2024, compared to 105.4 million RON in 2023. Their share in consolidated turnover thus reached 26% in 2024, compared to 15.7% in the previous year.For 2025, TeraPlast Group announces a turnover of one billion RON, up 12% compared to 2024, supported mainly by the increase in the performance of the Packaging segment through increased profitability, operational efficiency and the consolidation of Optiplast Croatia.TeraPlast Group is the largest polymer processor in South-Eastern Europe. The Group is composed of the companies TeraPlast, TeraGlass, TeraPlast Recycling, TeraBio Pack, Palplast Moldova, the companies of the Wolfgang Freiler Group (Austria and Hungary), Optiplast Croatia and Somplast. Since July 2, 2008, TeraPlast SA has been listed on the Bucharest Stock Exchange under the symbol TRP. The company's shares are included in the BET benchmark index of the Bucharest Stock Exchange, in the FTSE Russell Small Cap and Global All Cap indices and in the MSCI Frontier IMI indices.
Rosavis Prod, a business founded in 2007 by the Vica and Constantin Mihăilă family in northeastern Romania at Roşieşti, Vaslui County, which raises 2 million chickens annually, is investing EUR 10.8 million in a feed factory, Ziarul Financiar reported. Out of this, EUR 6.5 million will come...
Telecommunications operator Digi Communications (stock symbol DIGI) has hired investment bank Rothschild to evaluate a possible listing on the Madrid stock exchange of its Spanish business, the publication Expansión wrote on September 12, citing anonymous market sources, according to Ziarul Financiar. ...
Romania’s current account (CA) deficit in rolling 12 months has narrowed for the second consecutive month to EUR 32.12 billion in July, according to the data published by the National Bank of Romania (BNR). The 12-month rolling CA gap has thus narrowed by EUR 0.5 billion from June, after it previously contracted by EUR 1.4 […]
Romania's minister of finance, Alexandru Nazare, has been on a working visit to Washington, DC, from September 11 to 13 to strengthen economic and financial dialogue with American partners and attract new investors in key sectors for Romania, such as energy, infrastructure, and technology, the Ministry of Finance announced. The agenda of the visit included […]
The minister of investments and European projects, Dragoș Pîslaru, announced on the evening of Friday, September 12, that Romania has officially submitted the renegotiated National Recovery and Resilience Plan (PNRR) to the European Commission, after which the formal approval by the Commission and then the decision of the ECOFIN Council will follow. Romania has currently […]
The main risk for Romania's macroeconomic balances rests in the budgetary area and are related to the commitment for full implementation of the first and second packages this year and in 2026 – but even under the best case scenario, the measures legislated so far would not bring the general government deficit lower than 6% […]
