Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Promateris reports 22% stronger revenues in Q1

Promateris reports 22% stronger revenues in Q1

May 26, 2022

Promateris (BVB: PPL), a Romanian industrial group and leader in Central and Eastern Europe in the production of biodegradable and compostable packaging, reported consolidated revenues of RON 42.7 mln (EUR 8.6 mln) in the first three months of 2022, 22% more compared to the same period of the previous year. It also reported RON 4.6 mln (EUR 0.92 mln) EBITDA and RON 1.2 mln (EUR 0.24 mln) net profit.   "The results for the first three months of 2022 are positive, given the difficult market environment caused by the war in Ukraine and the inflationary environment. Turnover exceeded the all-time high previously recorded in 2021 after an outstanding 61% YoY growth. EBITDA remained at the historical level of last year, and the net profit registered a decrease of 39% compared to Q1 / 2021," the company commented.   Promateris' market capitalisation was RON 416 mln (EUR 83 mln) on May 17. 

The text of this article has been partially taken from the publication:
http://actmedia.eu/companies/promateris-reports-22-stronger-revenues-in-q1/97798
Read in full - click here
Sustainability meets Profitability on April 8th

La French Tech Bucharest announces the third edition of its highly anticipated flagship event, Sustainability meets Profitability, set to take place on April 8th, 2025, at the Romanian - American University (1B Expoziției Boulevard, Bucharest), starting at 18:30. Sustainability meets Profitability event will explore the new regulations companies—big or small—must navigate and how they can turn […]

Romania’s Sibiu-Pitești highway to feature largest ecoduct in the country

The builders of Romania’s important A1 Sibiu – Pitești highway are set to start the construction of a bridge over 300 meters long and at least 100 meters wide, allowing the animals of the Southern Carpathians to cross from one side to the other.  The investment will pay off as a corridor for large mammals […]

Report: Romania's business services industry has room to grow but at slower pace

The local business services industry has potential for growth, even if it will see a slower pace because the market is a mature one and given the high regional and global competitiveness, according to a report carried out by the Association of Business Service Leaders in Romania (ABSL) in partnership with Deloitte Romania. Still, the […]

Romanian soldiers on parental leave went to Congo as mercenaries, Defense Ministry finds

Several Romanian military personnel who were on parental leave went to Congo as mercenaries, according to a statement from the Ministry of National Defense.  The issue of active soldiers taking mercenary work first came up on the public agenda after PressOne...

European Investment Bank to finance Ukraine’s railway border crossings with Romania, other neighbors

The European Investment Bank and the government of Ukraine have agreed to allocate EUR 50 million from EIB funding to Ukraine's national railway company, Ukrzaliznytsia, for the modernization of key railway border crossings with Poland, Slovakia, Hungary, and Romania.  The project includes repairs to worn-out railway tracks, the relocation of wagon inspections, the reconstruction of […]

Medicover acquires operations of laboratory diagnostic services provider Synlab in Romania, five other countries

Medicover has acquired the operations of the lab tests provider Synlab Group in Romania, Turkey, Cyprus, Slovenia, Croatia, and North Macedonia in a transaction worth EUR 71.3 million, the company announced. The transaction was financed from Medicover's own sources. It was carried out by Medicover for its diagnostic services division, present in Romania under the […]