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.
The Titan Heavy Machinery (Mașini Grele) industrial platform in Bucharest’s District 3 will be put up for public auction, as part of the insolvency procedure, with a starting price of EUR 16 million. The assets include a 47,286 sqm plot of land, industrial halls with a total area of 34,870 sqm, an office building (Basement […]
Railway unions in Romania criticized the government’s plans to cut costs for the national railway operator, CFR, in a press release published on Wednesday, July 23. They say that low investments in rail infrastructure have lowered the average speed at which passenger trains travel to 44 km/h, while freight trains do not exceed 17 km/h. […]
A video mapping show is scheduled to take place this Friday, July 25, at Cinema Marconi, a former cinema hall in Bucharest which has been lying in ruins for years. The building is located at the intersection of Calea Griviței and Atelierului Street, in the city's historical Buzești-Berzei area. The event, organized by the non-profit Arcen, will […]
Roughly 69% of respondents to the Voice of the Consumer 2025 survey conducted by PwC Romania use apps or smart devices, which have influenced their daily habits, with a third even stating that they have significantly changed their lifestyle. The use of health monitoring devices, such as smartwatches or glucose monitors, shows that Romanians are […]
The Oradea Pride March will take place, even though Oradea City Hall has "banned" the event, according to the organizers, the ARK Oradea Association. Oradea City Hall denied ARK’s request to hold the march, citing public works and other public gatherings on each of the 11 proposed routes. No alternative routes were proposed, but the […]
Romania and Poland stand out as the most pet-loving countries in Europe, with high percentages of ownership for both cats and dogs. Romania ranks first for cats and third for dogs, while Poland ranks second in both categories, according to an analysis by Swedish website for feline lovers Kattly, cited by Reuters. The analysis shows […]
