Lož, 17 May (STA) - Steel fittings producer Kovinoplastika Lož made EUR 68.5 million in group net revenue last year, up 7% from the year before, with EBIT up 125% to EUR 2.7 million.
One-off effects excluded, EBITDA reached EUR 5.4 million, or 28% more than in 2016, the Lož-based group said in a press release on Thursday.
For this year Kovinoplastika, which has been in Finnish ownership since February 2017, plans similar growth figures and hefty investments to expand business.
It therefore also plans to hire new staff, mostly engineers and salespeople.
Kovinoplastika considers its operations in 2017 under the new owner - the fund KJK - successful, having reached most of its goals despite high prices of key inputs.
The group also made investment to optimize production processes and to purchase new equipment for new products.
It strengthened R&D, which will result in a wide range of new, technologically more advanced products that will be put on the market this year and in coming years.
Kovinoplastika produces building fittings and components for building fittings as well as components for the automotive industry.
Its Alveus line features kitchen sinks, kitchen taps, kitchen drainer systems and waste segregation bin systems.
The group consists of the parent company in Slovenia and eight foreign subsidiaries, of which only one is a production facility.