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Teraplast SA Board/Management Information 2020
2298_iss_2020-06-26_81f7f9c8-7c95-477f-b134-4911a92953aa.pdf
Board/Management Information
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CURRENT REPORT
In accordance with Law no. 24/2017 and ASF Regulation no. 5/2018
Report date: 26.06.2020
Name of issuing company: TERAPLAST S.A.
Registered office: Sat Saratel, comuna Sieu-Magherus, DN 15A, KM 45+500, Judetul
Bistrita-Nasaud
Telephone/Fax: 0263/238.202; 0263/231.221
Trade Register Office Number: J06/735/1992
VAT number: RO3094980
Subscribed and paid-up share capital: RON 133,780,501.80
Regulated market for shares admitted to trading: Bucharest Stock Exchange
Important events to be reported:
TeraPlast Group, the largest Romanian producer of construction materials, reappointed the CEO – Alexandru Stanean, for a period of 4 years, starting with July 02th 2020. The decision was made by the TeraPlast Board of Directors in June 26th 2020.
Alexandru Stânean has been a part of the TeraPlast Group team since 2007, and over time he has occupied positions such as Deputy CEO, Operations Manager and External Market Development Responsible. In addition, Mr. Stânean has been part of the team in charge with the company's IPO in 2008. Following the decision of the Board of Directors, Alexandru Stânean is currently starting his third term in office as TeraPlast Group's CEO.
"TeraPlast Group has undergone deep transformation during the last two years through the investments made with the help of state funds. Wetterbest has opened a new production plant, and TeraGlass and TeraPlast have increased their production capacity and at the same time have diversified their product portfolio. Now is the time to gather the fruits of our investments so far and conceive new development projects that would bring added value to our shareholders and partners. I thank the Board of Directors for trusting me." has declared Alexandru Stânean, TeraPlast CEO.
Under his term of office, TeraPlast has stood out by increased business volume and profitability, in the favourable context of the construction market and the measures of streamlining operations as well as by being included in the BET index of Bucharest Stock Exchange.
| TERA PLAST GROUP |
A TeraPlast | TeraSteel | TeraGlass | TeraPlast |
|---|---|---|---|---|
| TeraPlast Hungary |
TeraSteel Serbia |
wetterbest |
In the first quarter of 2020, TeraPlast has scored highest among the TeraPlast Group companies. Its turnover has had a 28% year-on-year growth, reaching 88.3 million lei. During the same period, the company has yielded 72% out of TeraPlast Group's EBITDA and has scored the highest profit margin, of 14.3%.
For the first quarter of 2020, TeraPlast Group is estimating 478 million lei worth businesses and 47 million lei EBITDA. For the plastics division, which also includes TeraPlast, the turnover is estimated at 213 million lei, 18% higher as compared to Q1 2019. Moreover, the plastics division profitability is estimated to be 27 million lei in the first quarter of 2020, i.e. 54% more than the first quarter of 2019.
About TeraPlast Group
With more than 120 years of history, the TeraPlast Group is today the largest Romanian manufacturer of construction materials. The Group is comprised of: TeraPlast, TeraSteel Romania and Serbia, Wetterbest, TeraGlass, TeraPlast Recycling and TeraPlast Hungary.
Since July 2nd, 2008, the largest company in the Group – TeraPlast SA – has been listed on the Bucharest Stock Exchange, under the TRP symbol. TeraPlast passed ARIR's Vektor evaluation, based on 15 different criteria regarding investor communications, with the highest mark, 10.
Chairman of the Board of Directors
Dorel Goia
For additional information you can contact us at
phone number +4 0741 270 439
e-mail: [email protected]
contact person Alexandra Șica - PR Manager & IRO.
