Financial results

In the 2017 the Group’s consolidated turnover increased by 16% (compared to 2016) and reached EUR 53m. Net profit in 2017 was EUR 4,1m.

Revenue increased mostly because of the investments made in 2016 in recycling sector. In 2017 Group continued to develop its strategic business direction – recycling of polymer materials. The waste collection, the recyclables sorting and trading also showed healthy growth and ensured a high level of vertical integration. In 2018 Group’s consolidated turnover continued to grow, reaching EUR 64,78m.