Business news

R&P POLYPLASTIC announces First – Quarter 2018 Financial Results

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Company grew Net Sales by 10.6%

R&P POLYPLASTIC today held a Conference following Q1 results. Consolidated net sales grew by 10.6% compared with first-quarter 2017 results. Reported EBITDA was 9.4% up.

Company analysts mentioned that one of the main drivers of financial success was cable industry. Director General of Trade House Polyplastic Pavel Kruglov said: “Shipments to customers from the cable industry have grown almost twice comparing to last year results. We can call this direction one of our priorities for the near future”.

Management of R&P POLYPLASTIC made specific mention of an almost double increase of investments into new equipment and research and development. Moreover, the Russian compounder together with international equipment manufacturers BUSS, Brabender and Berstoff provides training and education for operational personnel.

For many years, company’s partners are the largest international auto manufacturers with production sites in Russia. A growing number of PSA Group, Volkswagen and Renault-Nissan-Avtovas models contain spare parts made from R&P POLYPLASTIC materials.

Taking into account the constantly growing competition R&P POLYPLASTIC has once again proved its leading position on the Russian compound market. The company’s primary long-term goal is to enter the European market. Results of Q1 show that this target can be achieved! Shipments to European customers are growing.