Croatia's AD Plastik boosts net profit in Q1

The consolidated revenue of AD Plastik Group grew to 42.4 million euro in the first three months of this year from 33.1 million euro in the year-ago period, it said in a presentation for investors filed with the Zagreb bourse.

EBITDA went up to 3.7 million euro from 2.8 million euro in the review period.

The car parts maker expects its revenue to grow by more than 10% annually on the average in the next three years. It sees its average EBITDA margin above 10% and plans investments of an average 10 million euro annually.

The group consists of the parent company AD Plastik d.d. and its subsidiaries in Hungary, Serbia, Slovenia and Russia.

The shares of AD Plastik d.d. traded 1.52% lower at 13 euro on Tuesday afternoon on the Zagreb bourse.

($ = 0.922 euro)