Masterplast Raises Mid-Term Guidance
Listed Hungarian building materials maker Masterplast has raised its mid-term guidance, according to an investor presentation released on the website of the Budapest Stock Exchange this week.
Masterplast projects this year's after-tax profit will reach EUR 18.1 million, up from the EUR 16.5 mln forecast in January. It now expects revenue will reach EUR 225 mln, compared to the EUR 215 mln in the January forecast.
The company sees after-tax profit reaching EUR 22.6 mln in 2023, EUR 29.4 mln in 2024 and EUR 41.9 mln in 2025. Revenue is set to climb from EUR 281 mln in 2023 to EUR 352 mln in 2024 and EUR 449 mln in 2025.
Masterplast said next year's sales growth would be driven by an expansion of its fiberglass mesh production capacity, rising production of fleece and roofing foil, the rollout of a new roofing membrane product range, higher sales of hygiene textiles and the start of mass productio in of its modular construction business.
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