Thrace Plastics Group's turnover increased by 4.6% in the first nine months of 2024, as it reached €282.2 million, while sales in the first nine months of the previous year amounted to €269.8 million. The increase was due to the increase in sales volumes by 7.6%, specifically a 2% increase in the technical fabrics sector and a 16% increase in the packaging sector.

In the first nine months of 2024, EBITDA operating profitability amounted to €36.0 million, down by 2.7% compared to the first nine months of 2023, when EBITDA amounted to €37.0 million. Although the group managed to increase volumes sold, achieving higher market shares in a weak market, the pressure for reductions in average selling prices, particularly in the technical fabrics sector, did not keep pace with the increase in raw materials and energy costs, resulting in a slight shortfall in operating profitability compared to the previous year, the statement said. In absolute figures, however, the group remains significantly profitable and strong, gaining increasingly larger market shares in the countries of operation, and there is confidence that the relative lag may be reduced in the coming months of the year.

In terms of liquidity levels, the significantly low level of net debt demonstrates the group's strong financial position, the quality of its customer portfolio, and its ability to invest and distribute dividends while keeping its net debt low. More specifically, the group's net borrowings amounted to €25.6 million, remaining essentially unchanged compared to the previous months of the year, despite higher sales and seasonality, which increase working capital requirements.

At the same time, as already mentioned, the implementation of the Group's planned investment plan, amounting to €30 million on a cash basis, continues smoothly, with investments made in the Group's facilities in Greece and abroad in both business lines.

The Board of Directors decided to distribute a provisional dividend for the 2024 financial year, with a total amount of €3 million (gross amount).