TeraPlast Group recorded a consolidated net profit of 1.2 million lei in the first quarter of this year, against a loss of 2.5 million lei in the same period in 2024, according to a press release sent on Tuesday.According to the same source, the group's turnover was 249.2 million lei in the first quarter, up 41% compared to 176.8 million lei in the same period in 2024.At the same time, EBITDA increased by 76%, reaching 21 million lei in the first quarter, from 11.9 million lei in the same period last year."Group representatives claim that this growth comes against the backdrop of a mix of strategic factors: the integration of recent acquisitions, operational efficiency and consolidation of the presence on foreign markets, but also due to the base effect."The double-digit increases in sales and profitability are the concrete result of strategic internationalization decisions. We are starting to show shareholders the effects of the operational efficiency measures implemented in the recent period and of the massive investments made in recent years. The uncertainty of these days validates our regional expansion strategy and we will continue to focus our efforts on growing the business and capitalizing on opportunities. As we have shown in the past, we have courage and rely on our accumulated experience, financial discipline and a carefully calibrated development plan," said Bogdan Craciunas, CFO of the TeraPlast Group, quoted in the press release.According to him, quantitative sales increased by 25%, from over 23,000 tonnes in the first quarter of 2024, to almost 30,000 tonnes in the first quarter of this year.At the same time, sales outside Romania represented 38% of the consolidated turnover, up from 17% in the first quarter of 2024. In absolute terms, these tripled, amid the Group's geographical expansion, from 31 million lei in the first quarter of 2024 to 95 million lei in the first quarter of 2025, which is in line with the strategy of internationalizing the group's sales and reducing dependence on a single market.The Group TeraPlast 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, the companies Aquatica Experience Group 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.
Germany will provide more than EUR 500,000 this year to support teachers working in German-language education across Romania, the German Embassy in Bucharest announced. Through the Embassy, Germany is funding the project “Support for Teachers in German-Language Education in Romania” with a total of EUR 505,000. The initiative aims to promote the German language as […]
The British journalist and film producer Charlie Ottley, who is behind the Wild Carpathia and Flavours of Romania series, has obtained Romanian citizenship and is set to take the oath of allegiance this week. The National Authority for Citizenship announced that the oath will be taken by several foreigners on November 6. “The solemnity of […]
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AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, announced the acquisition of a 65% majority stake in Sibiu-based engineering company Gess Engineering. Gess Engineering develops and implements complex vehicle testing, validation, and integration solutions. The company provides end-to-end services, from engineering and design, prototype testing, and performance analysis, […]
