Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to €5.46 million, 48.7% more than in the same period last year.Net profit for the first half of 2014 increased from €0.97 million in 2013 to €3.15 million in 2014.
Good business results of Steklarna Hrastnik were achieved through the optimization of the product portfolio, which contributed to a 2% increase in the sales prices from last year, more efficient management, and by lowering the operating costs due to better technological resources and higher energy efficiency. Energy costs were cut by almost a third from 2012. Gross value added per employee also increased by 20% from last year.
The company invested €12.5 million in the modernization of machinery and infrastructure, among which the most important investments include the modernization of machinery and the construction of a new furnace in the Tableware business unit (€7 million), control machines and equipment in the Packaging glass business unit (€2 million) and last but not least, the investment in new production tools (€1.5 million). Much attention has also been paid to improving logistics and cooperation between departments, retail sales and safety at work.