The interim management report of the Hungarian construction materials firm Masterplast Group for the first quarter of 2021 highlights that the company achieved the highest turnover and profit so far in the seasonally weakest first quarter.
In a raw material market environment plagued by continuous price increases and supply disruptions, the Group's supply chain performed well and year 2021 launched with success. The Group's sales increased by 53% in the first quarter, which was largely due to the turnover of the new German manufacturing company, sales of health protective clothing started last December continued, the core business income increased.
The trade margin of the Group increased by higher rate than the turnover growth, due to the stable performance of the construction segment, as well as the development of the production of health care textiles in Germany and the sales of health protective clothing. The profitability of subsidiaries increased, the capacity utilization of the company's production units and production efficiency improved.
Due to all this, the Company's achieved the highest turnover and profit so far in the seasonally weakest first quarter. The company's EBITDA was EUR 4,372,000 , which is almost four times the result of the same period of previous year, while profit after tax was EUR 2,798,000, which is more than ten times the previous year's base. For the rest of the year, the company expects a turbulent raw materials market and an intensifying insulation industrial environment as a result of the incentives, where the Company - relying on its strong supply chain - forecasts high level of profit generation for the coming periods.
Founded in 1997, the main areas of activity of Masterplastare production and sales of building industry insulation materials. With its headquarters in Hungary, the Central and Eastern European international company group has nine active subsidiary companies all over the world, where it operates five own-property production units. The Group has a presence with its main products, thermal insulation system, heat, sound and water insulation, roofing and dry construction on the construction industry market.
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