Masterplast pays dividend equivalent to preliminary plans

“The present decision of the AGM fits the trend which we outlined when we presented our ideas with respect to the coming period at the end of 2018. If we manage to achieve the results contained in the plans, then we will also be able to raise the amount of the dividend to a significant extent in the years to come” – stressed Róbert Nádasi, general manager of Masterplast.

In 2018, the company took advantage of the opportunities offered by the boom in the construction industry experienced at the Hungarian as well as at the European level, and increased its price income by 10 percent to 97.3 million euros, whilst the after tax profit grew by almost a quarter to 3.3 million euros. We are counting on dynamic development at Masterplast in the medium term too, by 2021 the company’s turnover may break the 120 million euro barrier. The company’s developments have played a significant role in the rapid growth, after all, one of the key construction and insulation material manufacturers in the region has implemented new investments worth more than 5 billion forints in recent years. Of these, the Subotica development of around 15 million euros in total stands out, which was completed by the end of 2018. By means of the new equipment installed during this investment, not only the capacity of the plant increased, but an improvement in quality and efficiency is also expected, and the range of products will expand to a significant extent.

An improvement to an extent exceeding the rate of growth in price income is expected by Masterplast management with respect to profits. A 25 percent increase in profit is forecast for both this year and next, and in 2020 a further 20 percent improvement is reckoned on. In the plans presented at the end of last year, a 44 forint dividend per company share is calculated for next year, then 55 forints in 2021 and 66 in 2022.