Teraplast (TRP) Q1 2025 earnings summary

Executive summary

• Q1 2025 saw revenue grow 41% YoY to RON 249.2 million and EBITDA rise 76% to RON 21 million, with net profit at RON 1.2 million, reversing a prior loss.

• Growth was driven by international expansion, integration of acquisitions (Wolfgang Freiler Group, Optiplast), and operational efficiency.

• Sales outside Romania tripled, now representing 38% of consolidated turnover, up from 17% a year ago.

• EBITDA margin improved from 6.7% to 8.4%.

Financial highlights

• Revenue: RON 249.2 million (+41% YoY); Volumes: nearly 30,000 tons (+25% YoY).

• EBITDA: RON 21 million (+76% YoY); EBITDA margin: 8.4% (+1.7pp YoY).

• Net profit: RON 1.2 million (vs. -2.5 million in Q1 2024); net result improved 147% YoY.

• Gross margin stable at 36%, value at RON 90.8 million.

• Turnover 21% above budget, driven by higher volumes and M&A consolidation.

Outlook and guidance

• 2025 budget targets RON 1 billion in revenue (+12% YoY), EBITDA of RON 88 million (+69% YoY), and net profit of RON 5.2 million.

• Focus shifts from expansion to consolidation, operational efficiency, and extracting synergies from recent acquisitions.

• Moderate revenue growth (3–6%) expected in traditional segments; significant EBITDA improvement anticipated from Packaging and Installations.

• Management will continue focusing on business growth and seizing opportunities amid market uncertainties.