{"id":1460,"date":"2023-01-31T09:16:07","date_gmt":"2023-01-31T07:16:07","guid":{"rendered":"https:\/\/ecobaltia.lv\/?p=1460"},"modified":"2023-01-31T09:16:09","modified_gmt":"2023-01-31T07:16:09","slug":"eco-baltias-consolidated-turnover-for-9-months-of-2022-reached-e154-9-mn","status":"publish","type":"post","link":"https:\/\/ecobaltia.lv\/en\/2023\/01\/31\/eco-baltias-consolidated-turnover-for-9-months-of-2022-reached-e154-9-mn\/","title":{"rendered":"<strong>Eco Baltia\u2019s consolidated turnover for 9 months of 2022 reached <\/strong>\u20ac<strong>154.9 mn<\/strong>"},"content":{"rendered":"\n<p><strong>The largest environmental management and recycling company group in the Baltics &#8211; AS Eco Baltia<\/strong> <strong>in 9 months of 2022 reached its highest consolidated net turnover up to date \u2013 <\/strong>\u20ac<strong>154,9mn. Consolidated net turnover almost doubled, compared to first 9 months of 2021, when consolidated net turnover was <\/strong>\u20ac<strong>78,5 mn. Group\u2019s net profit in comparison with first 9 months of 2021 grew by 33%, reaching <\/strong>\u20ac<strong>9.8 mn.<\/strong> <strong>Increase in turnover was partly promoted by the acquisition of Ecoservice in 2021, strong growth in PET and plastics recycling sectors and successful performance in the environmental management segment.<\/strong><\/p>\n\n\n\n<p><strong>M\u0101ris Simanovi\u010ds, Chairman of the Board at Eco Baltia: <\/strong><em>\u201cYear 2022 for most of the businesses and industries in Europe was full of insecurities, energy costs bounce and rapid changes in the business confidence levels in export markets. Despite that, Eco Baltia showed persuasive and dynamic growth, supported by investments in modernization, productivity, recycling capacities and further expansion in international scale. In September 2022 we completed acquisition of Czech largest polyesters fibres producer TESIL Fibres, which firms our operations as global player in recycling industry. Considering acquisition deals, we predict that our pro-forma revenues in 2022 will reach <\/em>\u20ac<em>240mn.\u201d<\/em><\/p>\n\n\n\n<p>In the first three quarters of 2022, Eco Baltia\u2019s companies continued dynamic and vertically integrated growth in accordance with the long-term strategy. During the period Eco Baltia subsidiaries concluded several acquisitions to strengthen its positions in the international market and to expand services offered by the group\u2019s companies.<\/p>\n\n\n\n<p>In the middle of September 2022 Eco Baltia\u2019s subsidiary PET Baltija, one of the largest PET recyclers in Northern Europe, completed the acquisition of 100% of shares of a leading Czech polyester fibre producer TESIL Fibres. As well in September 2022 Eco Baltia\u2019s environmental management company in Lithuania Ecoservice acquired 100% of shares of the liquid waste management company Mano Aplinka plius UAB, but in January 2023 Latvian Eco Baltia vide through its subsidary completed the acquisition of road and street maintenance company Pils\u0113tas Eko Serviss.<\/p>\n\n\n\n<p>In the last year\u2019s first 9 months PET Baltija continued its investments in production expansion set to more than triple the existing food-grade rPET capacities. New factory of PET Baltija is now under construction. Following the acquisition of TESIL Fibres, PET Baltija will represent the group as an international player and further strengthening its contribution towards sustainable development.<\/p>\n\n\n\n<p>Plastic packaging recycling company Nordic Plast in the reporting period also continued organic growth supported by the investment in the production capacity. After reporting period, Nordic Plast completed the modernization project (installed new automated sorting line) to increase production capacity up to 30%.<\/p>\n\n\n\n<p>In the first 9 months of 2022 Eco Baltia\u2019s environmental management segment also showed stable growth, expanding business portfolio and services provided by the Groups companies. In the reporting period Eco Baltia vide launched and introduced to the market new service \u2013 portable toilets with the branding T\u014dcha. Launch was successful and new service convincingly conquered market, showing strong competition to other portable toilets service providers. Both in Latvia and Lithuania environmental management companies continued investment for construction debris sorting and management fields. Ecoservice made investments to broaden and improve existing construction debris sorting field, but Eco Baltia vide started construction of the new site.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The largest environmental management and recycling company group in the Baltics &#8211; AS Eco Baltia in 9 months of 2022 reached its highest consolidated net turnover up to date \u2013 \u20ac154,9mn. Consolidated net turnover almost doubled, compared to first 9 months of 2021, when consolidated net turnover was \u20ac78,5 mn. Group\u2019s net profit in comparison [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/posts\/1460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/comments?post=1460"}],"version-history":[{"count":1,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/posts\/1460\/revisions"}],"predecessor-version":[{"id":1461,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/posts\/1460\/revisions\/1461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/media\/1456"}],"wp:attachment":[{"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/media?parent=1460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/categories?post=1460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/tags?post=1460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}