The new structures of the index will be announced at the end of 13 March and will become effective as of 23 March 2020.
The Bucharest Stock Exchange published an announcement that the BVB Index Committee held their quarterly meeting in which they decided to include Teraplast (Bloomberg: TRP RO) to the BET index and in BET-TR (the total return version of BET). This means that the BET index will now include 17 companies, which is the largest amount in its history.
TeraPlast Group is currently the largest Romanian construction materials producer. The Group comprises of the following companies: TeraPlast, TeraSteel Romania & Serbia, Wetterbest, TeraGlass, TeraPlast Hungary. Starting with April 2019, the recycling business has been spun off in the independent company TeraPlast Recycling.
Teraplast Company, the largest entity of the Group, is currently one of the largest PVC processors in Romania and one of the leading producers of materials for installations, constructions and design markets. The product portfolio of the company comprises three business lines: Installation & Design, Window profiles and Granules.
Teraplast was listed on the BVB in 2008.
According to the company’s preliminary results, in 2019 they recorded revenue of RON 972.6m, EBITDA of RON 91.16m (EBITDA margin of 9.4%) and a net profit of RON 41.82m (profit margin of 4.3%).
The new structures of the indices will be announced at the end of 13 March and will become effective as of 23 March 2020.