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Romania s TeraPlast Group eyes 57% increase in EBITDA in 2021 Teraplast Group
BUCHAREST (Romania) February 18 (SeeNews) - Romanian construction materials manufacturer TeraPlast Group targets a 57% annual increase in earnings before interest, taxes, depreciation and amortisation (EBITDA) to 89.7 million lei ($22 million/18 million) this year, the group s flagship company TeraPlast [BSE:TRP] said.
TeraPlast Group also expects a 65% annual jump in turnover for 2021, to 636.2 million lei, TeraPlast said in a statement filed with the Bucharest Stock Exchange on Wednesday.
The forecasts are based on results from which the group excluded the 2020 figures of its steel division and window profile business, which it is close to selling.
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