Masterplast - Constructive and healthy first quarter
Masterplast reported EBITDA came to EUR 4.4 mln in the seasonally weak first quarter,
up significantly on a yearly basis (+288%) on the inclusion of the healthcare business, but
quarterly improvement was also impressive (+60%), driven by strong HU and Germany.
Sales were up by 17% q-o-q, and 53% y-o-y, as all markets and business segments
were strong with façade insulation systems making up the dominant part of the sales. In
Hungary, which is the most relevant market of the Company, the performance of the
construction industry lagged behind that of a year earlier, but the impact of the
introduced
Masterplast Nyrt is a Hungary-based company active in construction sector. The company is a producer and distributor of construction industry products. Its product portfolio includes facade insulation systems and components, roofing underlay and roofing accessories, bituminous corrugated sheets and shingles, thermal-sound and water insulation materials, dry construction elements, as well as plaster profiles and accessories, polypropylene foils and bags and foam tapes. It has two production plants, based in Kal, Hungary and Subotica, Serbia.The Company sells its products domesticaly and exports it to Estonia, France, Greece, the Netherlands, Italy, Latvia, Lithuania, the Russian Federation, Sloveania and Turkey.
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
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