Despite the weak construction sector, Masterplast ended the quarter strongly.
Masterplast showed growth in revenue and EBITDA in the second quarter compared to the previous year, despite the continued restrained construction environment. The growth was mainly due to core operations, while the HEM effect did not play a significant role. The company’s net profit was profitable, and financial operations also supported this result. Management expects a more moderate growth in the second half of the year, but expects improved operating cash flow.
Despite the still restrained construction environment, Masterplast reported growth in both revenue and EBITDA for the second quarter, compared to the level of the previous year, according to the report released this morning. This growth was mainly due to the company’s core business, rather than the HEM effect. The company achieved profitability at the level of its tax results, and financial transactions also helped. While the management expects a more moderate growth rate for the second half of the year, they also anticipate a significant improvement in operating cash flow.
