Revenue declined 6% year-on-year to EUR 32.38 mln, while EBITDA edged up 1% to EUR 1.16 mln.
The improvement in EBITDA was attributed to ongoing organizational restructuring and efficiency gains, which helped offset the impact of lower turnover, although the bottom line was weighed down by increased financial losses and losses from associated companies.
The company acknowledged “signs of mild recovery” in the broader construction sector during the quarter but noted “no significant increase in demand” across its own markets.
Masterplast said its current thermal insulation capacity, along with the upcoming launch of its glass wool production line, placed it in “an exceptionally strong position” to leverage emerging growth in the industry.
“For the second half of the year, Masterplast is targeting meaningful profit generation driven by increasing turnover and continued operational efficiency,” the company said.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
