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Masterplast sees €85 mln revenue in 2015

Telco

Hungarian building materials company Masterplast expects to have around €85 million revenue in 2015 with €3-3.2 mln in net earnings, the company told investors in a presentation today, Hungarian news agency MTI reported.

In the first three quarters of 2015, revenue reached €64.6 mln and net earnings were already at €3.3 mln.

Hungary, Romania, Serbia and Ukraine are still the biggest markets for Masterplast, but the driver behind dynamic growth could be export into Western European markets.

Masterplast is investing heavily in a fibre mesh plant in Subotica, Serbia for a cost of €8.4 mln and the first phase of construction was completed at the end of summer 2015. The construction of the entire project is set for 2017.

As a long-term goal for 2020 the company is aiming for revenue above €100 mln with a net profit of more than 5%.

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