Masterplast Forecasts Declining Revenue, Profits
Listed building materials maker Masterplast has forecast declining revenue and profits for this year in an investor presentation published on the website of the Budapest Stock Exchange last week.
Masterplast forecasts a drop in revenue to EUR 175 million in 2023 from EUR 201.8 mln in 2022. It sees after-tax profit falling to EUR 1 million from EUR 15.7 mln.
It noted low demand, intensifying competition, and narrowing margins in an assessment of the situation.
It added that the negative impact of raw materials purchased at high prices could be felt until the end of Q2 2023.
Masterplast said it expects its business to be loss-making in H1 but augured an improvement in H2.
It also acknowledged a "significantly higher" final budget for the mineral wool production investments it is making.
Watchdog Fines OTP Bank for Regulatory Shortfalls
Gov't Launches HUF 150 bln Job Placement Scheme for Over-30s
Biggeorge Adds 2 New Directors to Top Management
Tastin' France 2024 Wine Event Coming in June
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
