TeraPlast Group posts 34% increase in turnover and net losses of 19.6 mln RON in 2024

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.