The company’s turnover increased by 4.6% in the 9 months of 2024, reaching 282.2m euros, while last year’s sales amounted to 269.9m euros. More specifically, the operational profitability of Plastic Thrace was 36,0 million euros, reduced by 2.7% in the 9 months this year, compared to the nine months of 2023, where EBITDA had reached 37,0 million euros. Although the Group managed to increase the volumes sold, achieving larger market shares in a weak market, however the pressure for reductions in average sales prices, in particular in the technical textile industry, is not in line with the increase in raw materials and energy costs, resulting in a slight fall in operational profitability compared to the previous year. With regard to liquidity, the significantly low level of Net Borrowing highlights the strong financial position of the Group, the quality of its client portfolio, its ability to invest and distribute dividends, keeping its Net Borrowing low. More specifically, the Group’s Net Borrowing amounted to EUR 25,6 million, remaining substantially unchanged compared to previous months of the year, despite higher sales and seasonality, which increase working capital needs. At the same time, as already mentioned, the implementation of the Group’s planned investment plan, amounting to 30m euros on a cash basis, continues smoothly, with investments made at the Group’s premises in Greece and abroad in both sectors of activity.
Thrace Plastics: At 282.2m euros the turnover in the 9 months of 2024
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in Undertakings