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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

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Romanian TeraPlast’s shares jump to new high as shareholders approve special dividends

The shares of Romanian industrial group TeraPlast (TRP) went up by 9.26% on Friday and closed at an all-time high of RON 0.92 as the company’s shareholders approved the distribution of cash dividends worth RON 0.13 per share and stock dividends (one new share for every four existing shares). The cash dividend yield is 14.1%, considering Friday’s closing price.

The total value of the dividends is RON 226,6 million (EUR 46 mln), and the size of the share capital increase will be RON 43,6 million (EUR 8.86 mln), the company said.

The distributed profit comes from the sale of TeraPlast’s Steel division to the Irish group Kingspan, which was closed in the first quarter of this year.

TeraPlast has ongoing investments of over RON 160 million (EUR 32.5 mln) in increasing by 50% its production capacity for the Installation business line, doubling the processing capacity of the rigid recycling factory, and in the new business segment of biodegradable packaging.

For 2021, the group has budgeted a turnover of RON 636,2 million and an EBITDA of RON 89,1 mln, both up over 60% compared to 2020. It is also actively studying other acquisition opportunities both in Romania and abroad as it plans to return to the RON 130 million EBITDA it had before the recent transaction within two years.

TeraPlast has been one of the most profitable investments on the Bucharest Stock Exchange this year as its shares have more than doubled year-to-date. In the last 12 months, TeraPlast’s shares have gained 290%.

The group’s capitalization is currently RON 1.6 bln (EUR 325 mln).

andrei@romania-insider.com

(Photo source: Facebook/TeraPlast)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB

 

Romanian TeraPlast’s shares jump to new high as shareholders approve special dividends

The shares of Romanian industrial group TeraPlast (TRP) went up by 9.26% on Friday and closed at an all-time high of RON 0.92 as the company’s shareholders approved the distribution of cash dividends worth RON 0.13 per share and stock dividends (one new share for every four existing shares). The cash dividend yield is 14.1%, considering Friday’s closing price.

The total value of the dividends is RON 226,6 million (EUR 46 mln), and the size of the share capital increase will be RON 43,6 million (EUR 8.86 mln), the company said.

The distributed profit comes from the sale of TeraPlast’s Steel division to the Irish group Kingspan, which was closed in the first quarter of this year.

TeraPlast has ongoing investments of over RON 160 million (EUR 32.5 mln) in increasing by 50% its production capacity for the Installation business line, doubling the processing capacity of the rigid recycling factory, and in the new business segment of biodegradable packaging.

For 2021, the group has budgeted a turnover of RON 636,2 million and an EBITDA of RON 89,1 mln, both up over 60% compared to 2020. It is also actively studying other acquisition opportunities both in Romania and abroad as it plans to return to the RON 130 million EBITDA it had before the recent transaction within two years.

TeraPlast has been one of the most profitable investments on the Bucharest Stock Exchange this year as its shares have more than doubled year-to-date. In the last 12 months, TeraPlast’s shares have gained 290%.

The group’s capitalization is currently RON 1.6 bln (EUR 325 mln).

andrei@romania-insider.com

(Photo source: Facebook/TeraPlast)

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