Masterplast Nyrt időközi vezetőségi beszámoló Q3 20151111 nyomtatóbarát.pdf

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A MASTERPLAST NYRT

IDŐKOumlZI VEZETŐSEacuteGI BESZAacuteMOLOacuteJA2015 NOVEMBER 11



MASTERPLAST NYILVAacuteNOSAN MŰKOumlDŐ REacuteSZVEacuteNYTAacuteRSASAacuteG

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A MASTERPLAST NYRT Időkoumlzi vezetőseacutegi beszaacutemoloacuteja2015 november 11

nem auditaacutelt konszolidaacuteltkeacuteszuumllt a Nemzetkoumlzi Peacutenzuumlgyi Jelenteacuteskeacutesziacuteteacutesi Szabvaacutenyok (IFRS) szerint




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Az 1997-ben alapiacutetott Masterplast (tovaacutebbiakban Taacutersasaacuteg Vaacutellalat Csoport eacutes Ceacutegcsoport) fő teveacutekenyseacutege az

eacutepiacutetőipari szigetelőanyagok gyaacutertaacutesa eacutes eacuterteacutekesiacuteteacutese A magyarorszaacutegi koumlzpontuacute koumlzeacutep- eacutes kelet-euroacutepai

nemzetkoumlzi ceacutegcsoport ma a vilaacuteg 12 orszaacutegaacuteban rendelkezik sajaacutet tulajdonuacute leaacutenyvaacutellalattal melyben 3 sajaacutet

tulajdonuacute gyaacutertoacuteegyseacuteget is műkoumldtet A Csoport fő termeacutekeivel a homlokzati hőszigetelő rendszer hő- hang- eacutes

viacutezszigeteleacutes tetőfedeacutes valamint a szaacuterazeacutepiacuteteacuteszet teruumlleteacuten van jelen Nemzetkoumlzi gyaacutertoacutebaacutezisai (sajaacutet beacutergyaacutertaacutes)biztosiacutetjaacutek hogy a csoport termeacutekei leaacutenyvaacutellalatain eacutes partnerein keresztuumll eljussanak az euroacutepai eacutes egyes Euroacutepaacuten

kiacutevuumlli piacokra A Masterplast a fenntarthatoacutesaacuteg energiahateacutekonysaacuteg eacutes koumlrnyezetveacutedelem szempontjait mind

belső folyamataiban mind pedig termeacutekei gyaacutertaacutesaacuteban eacutes fejleszteacuteseacuteben kiemelten fontosnak tartja

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OumlSSZEFOGLALOacute

A Vaacutellalat toumlbbseacutegeacuteben javuloacute iparaacutegi koumlrnyezetben a III negyedeacutevben 3-kal oumlsszesiacutetve 4-kal noumlvelte

aacuterbeveacuteteleacutet A kedvezőtlen nyersanyagaacuter- eacutes devizaaacuterfolyam-vaacuteltozaacutesok a miatt kereskedelmi aacuterreacutese

csoumlkkent amit szaacutelliacutetaacutesi- eacutes egyeacuteb koumlltseacutegmegtakariacutetaacutesokkal reacuteszben ellensuacutelyozott a Vaacutellalat A

megnoumlvekedett gyaacutertaacutesi teveacutekenyseacutege miatt a szemeacutelyi koumlltseacutegek noumlvekedtek a gyaacutertaacutes-hateacutekonysaacutega

javult A Vaacutellalat műkoumldeacutesi eredmeacutenye (EBIT) a III negyedeacutevben csoumlkkent oumlsszesiacutetve a tavalyi eacutev szintjeacutenzaacutert Kiemelendő hogy a Vaacutellalat az eladaacutesi aacuterai keacutepzeacuteseacuteneacutel a fedezeti uumlgyletek deviza aacuterfolyamaacutet is

figyelembe vette iacutegy az operatiacutev eredmeacuteny csoumlkkeneacutest a deviza fedezeti uumlgyletek aacuterfolyamnyereseacutege

kompenzaacutelta A kamatkiadaacutesok meacuterseacuteklődtek eacutes a peacutenzuumlgyi eredmeacuteny a III negyedeacutevben tovaacutebb javult

Oumlsszesiacutetve a sikeres fedezeti strateacutegiaacutenak is tulajdoniacutethatoacutean a Taacutersasaacuteg 3 285 ezer euroacute - a baacutezist koumlzel 14

millioacute euroacuteval meghaladoacute - adoacutezott eredmeacutenyt eacutert el ami tavalyinaacutel leacutenyegesen magasabb eacutev veacutegi

eredmeacuteny eleacutereacuteseacutet vetiacuteti előre

Adatok ezer euroacute 2014 III neacute 2015 III neacute 2014 I-III neacute 2015 I-III neacute

Eacuterteacutekesiacuteteacutes aacuterbeveacutetele 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299

EBITDA haacutenyad 99 81 70 67

Adoacutezott eredmeacuteny 1 597 1 496 1 892 3 285

Adoacutezott eredmeacuteny haacutenyad 61 56 31 51

bull A piacok szempontjaacuteboacutel a legnagyobb suacutelyuacute magyar piacon időszaki megtorpanaacutes miacuteg Romaacuteniaacuteban az

eacutepiacutetőipar eacuteleacutenkuumlleacutese volt tapasztalhatoacute 2015 III negyedeacutevben A koraacutebbi időszakok visszaeseacutesei utaacuten kis

eacuteleacutenkuumlleacutes jeleit mutatta a szerb gazdasaacuteg eacutes a relevaacutens iparaacuteg miacuteg a horvaacutet piacon tovaacutebbra is kedvezőtlen az

iparaacutegi koumlrnyezet Javulaacutest mutatott a szlovaacutek eacutes a lengyel piac valamint a helyi deviza stabilizaacuteloacutedaacutesaacuteval -

egyre fokozoacutedoacute konkurenciaharc mellett - konszolidaacuteloacutedott az ukraacuten piac isbull Kiacutena eacutes a vilaacuteggazdasaacuteg esetleges lassulaacutesaacutet előrevetiacutető adatok megvaacuteltoztattaacutek a koraacutebbi emelkedő ill

stagnaacuteloacute nyers- eacutes alapanyag trendeket A nyers- eacutes alapanyagok aacuterai csoumlkkeni kezdtek - olcsoacutebbaacute teacuteve ezzel az

uacutej beszerzeacuteseket - valamint a bővuumllő sajaacutet gyaacutertaacutessal egyre jobban biztosiacutetottaacute vaacutelik a Vaacutellalat

termeacutekellaacutetottsaacutega Mindezek hataacutesaacutera a Vaacutellalat eacuterteacutekesiacuteteacutesi foacutekuszaacutet a megmaradt magas keacuteszleteacutenek

csoumlkkenteacuteseacutere iraacutenyiacutetotta ami kihatott a 2015 III negyedeacutev uumlzleti eredmeacutenyeacutere is

bull A Vaacutellalat aacuterbeveacutetele 2015 III negyedeacuteveacuteben 3-kal miacuteg az első 9 hoacutenapot tekintve 4-kal 64 594 ezer euroacutera

noumlvekedett A foacutekusz tovaacutebbra is a nagyobb nyereseacuteget biztosiacutetoacute eacuterteacutekesiacuteteacutesre iraacutenyult ill a Vaacutellalat igyekezett

csoumlkkenteni megleacutevő magas keacuteszletszintjeacutet

bull A bitumenes hullaacutemlemezek (-12) eacutes a nem strateacutegiai gyaacutertaacutesi eacutes csomagoloacuteanyagokon (-37) kiacutevuumll minden

fő termeacutekcsoportjaacuteban noumlvekedett a Vaacutellalat aacuterbeveacutetele 2015 III negyedeacuteveacuteben Legnagyobb meacuterteacutekben a sajaacutet

gyaacutertaacutesuacute termeacutekekkel is taacutemogatott szaacuterazeacutepiacuteteacuteszeti eacutes kiegeacutesziacutető profilok forgalma noumlvekedett (13) de a

strateacutegiai foacutekuszban leacutevő tetőfoacuteliaacutek eacutes tető-kiegeacutesziacutető termeacutekek (8) eacutes a legnagyobb suacutelyuacute homlokzati




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hőszigetelő rendszerek eacutes elemei (+8) aacuterbeveacutetele is kimagasloacute volt Meacuterseacutekeltebben emelkedett a hő- hang-

eacutes viacutezszigetelő anyagok (+4) valamint az eacutepiacutetőipari kiegeacutesziacutető termeacutekek (+2) forgalma 2015 III

negyedeacutevben a baacutezissal oumlsszehasonliacutetva

bull A piac megtorpanaacutesaacuteval kis meacuterteacutekben csoumlkkent a Vaacutellalata forgalma a piacokat tekintve legnagyobb suacutelyuacute

Magyarorszaacutegon (-1) A maacutesodik legnagyobb romaacuten piacon 3-kal miacuteg a - harmadik legnagyobb forgalmuacute -

fő noumlvekedeacutes teruumlletkeacutent definiaacutelt Export piacokon a Vaacutellalat aacuterbeveacutetele 20-kal noumlvekedett 2015 III

negyedeacutevben a baacutezisidőszakhoz keacutepest Kisseacute javuloacute koumlrnyezet hataacutesaacutera is a Taacutersasaacuteg eacuterteacutekesiacuteteacutese 8-kalnoumlvekedett Szerbiaacuteban miacuteg Ukrajnaacuteban 13-kal bővuumllt a forgalom 2015 III negyedeacuteveacuteben ledolgozva ezzel az

oumlsszesiacutetett 2014-hez keacutepesti elmaradaacutesaacutet Nagy strateacutegiai partnernek szaacutelliacutetott egyedi uumlvegszoumlvet-uumlgyleteknek

tulajdoniacutethatoacutean kimagasloacute volt a noumlvekedeacutes Lengyelorszaacutegban (+47) miacuteg az Egyeacuteb orszaacutegok (+7)

eseteacuteben Macedoacuteniaacuteban a cseh eacutes osztraacutek piacokon teljesiacutetett joacutel a Csoport a III negyedeacutevben Tovaacutebbra is

kedvezőtlen iparaacutegi koumlrnyezetben csoumlkkent a Vaacutellalat forgalma Horvaacutetorszaacutegban (-9) eacutes visszaesett az

aacuterbeveacutetel a szervezeti aacutetalakiacutetaacuteson aacutetesett szlovaacutek piacon (-39) is ahol a baacutezis egyedi uumlgyleteinek kiszűreacutese

utaacuten 7-os volt a csoumlkkeneacutes

bull A keacuteszletszint csoumlkkenteacutes eacuterteacutekesiacuteteacutesi foacutekuszaacutenak is tulajdoniacutethatoacutean csoumlkkent a Vaacutellalat kereskedelmi aacuterreacutese

elsősorban a komoly konkurencia harccal suacutejtott nagy piacain (romaacuten szerb lengyel ukraacuten) miacuteg a magyar eacutes

Export piacokon kis meacuterteacutekben nőtt ill stagnaacutelt a marzs 2015 III negyedeacutevben

bull

Az alacsonyabb szaacutelliacutetaacutesi koumlltseacutegű termeacutekek eacuterteacutekesiacuteteacutesi foacutekuszaacutenak valamint a nemzetkoumlzi olajaacutereseacutesnek

tulajdoniacutethatoacutean csoumlkkentek a Vaacutellalat uumlzem- egyeacuteb anyag kiszaacutelliacutetaacutesi koumlltseacutegei eacutes meacuterseacuteklődtek a biztosiacutetaacutesi

beacuterleti diacutej kiadaacutesok is 2015 III negyedeacuteveacuteben a baacutezishoz viszonyiacutetva

bull A bővuumllő sajaacutet gyaacutertaacutessal emelkedtek az alapanyag eacutes energia koumlltseacutegek a III negyedeacutevben a baacutezissal

oumlsszehasonliacutetva Noumlvekedett a sepsiszentgyoumlrgyi EPS a kaacuteli uumlvegszoumlvet-gyaacuter eacutes a habfoacutelia uumlzem kibocsaacutetaacutesa

miacuteg a szabadkai EPS gyaacuter kibocsaacutetaacutesa elmaradt a tervektől eacutes az előző eacutev azonos időszakaacutetoacutel Megindult a

termeleacutes Szabadkaacuten a Taacutersasaacuteg uacutej uumlvegszoumlvet gyaacutertoacute egyseacutegeacuteben ahol a gyaacuter kapacitaacutes-felfuttataacutesa

folyamatban van de meacuteg nem eacuterte el az optimaacutelis kibocsaacutetaacutesi szintet

bull Elsősorban az uacutej szerb uumlvegszoumlvet-haacuteloacutegyaacutertaacutesnak tulajdoniacutethatoacutean 5-kal noumlvekedtek a Vaacutellalat szemeacutelyi

jellegű raacutefordiacutetaacutesai 2015 III negyedeacuteveacuteben a baacutezisidőszakkal oumlsszehasonliacutetva miacuteg a kumulaacutelt adat is 5-os

noumlvekedeacutest mutat 2015 szeptember veacutegeacutevel 681 főt alkalmazott a Taacutersasaacuteg - melyből a 2014 eacutev veacutegeacutevelinduloacute szabadkai uumlvegszoumlvet gyaacuter 87 alkalmazottat foglalkozatott - szemben a baacutezis időszak 626 fős

aacutellomaacutenyaacuteval

bull Nem vaacuteltozott eacuterdemben a Vaacutellalat eacuterteacutekcsoumlkkeneacutese a sajaacutet termeleacutesű keacuteszletek aacutellomaacutenyvaacuteltozaacutesa a gyaacutertaacutes

noumlvekedeacuteseacutevel kisseacute emelkedett eacutes az egyeacuteb raacutefordiacutetaacutesok csoumlkkentek 2015 III negyedeacutevben a baacutezisidőszakhoz

keacutepest

bull Mindezek eredmeacutenyekeacuteppen a Taacutersasaacuteg EBITDA-ja 2015 III negyedeacuteveacuteben 2168 ezer euroacute volt a baacutezis időszak

2569 ezer euroacutes eacuterteacutekeacutevel szemben ami mintegy 16-os műkoumldeacutesi eredmeacuteny visszaeseacutest mutat Figyelembe

veacuteve az eacuterteacutekcsoumlkkeneacutest is a Vaacutellalat uumlzleti teveacutekenyseacutegeacutenek eredmeacutenye (EBIT) 3219 ezer euroacute volt 2015 első

haacuteromnegyed eacuteveacuteben ami a baacutezis időszak eacuterteacutekeacutenek felel meg Kiemelendő ugyanakkor hogy a Vaacutellalat az

aacuterkeacutepzeacuteseacuteneacutel a fedezeti uumlgyletek deviza aacuterfolyamaacuteval is kalkulaacutelt iacutegy az operatiacutev eredmeacutenyeacutenek a csoumlkkeneacuteseacutet a

deviza fedezeti uumlgyletek - peacutenzuumlgyi soron kimutatott - aacuterfolyamnyereseacutege kompenzaacuteltabull A javuloacute kamatkoumlrnyezetnek tulajdoniacutethatoacutean csoumlkkentek a Taacutersasaacuteg kamatkiadaacutesai eacutes a fedezeti uumlgyletek

zaacuteraacutesainak eacutes a kedvező devizaaacuterfolyam vaacuteltozaacutesoknak tulajdoniacutethatoacutean javult a Vaacutellalat aacuterfolyam eredmeacutenye

2015 III negyedeacutevben a baacutezishoz keacutepest iacutegy a Csoport 2015 III negyedeacuteves peacutenzuumlgyi veszteseacutege 3 ezer euroacute

volt szemben a baacutezisidőszak 254 ezer euroacute veszteseacutegeacutevel Oumlsszesiacutetve a sikeres fedezeti strateacutegiaacutenak is

tulajdoniacutethatoacutean a Vaacutellalat 457 ezer euroacute peacutenzuumlgyi nyereseacuteget eacutert el 2015 első 9 hoacutenapjaacuteban a baacutezisidőszak

1101 ezer euroacute veszteseacutegeacutevel szemben

bull A peacutenzuumlgyi eredmeacutenyeket is figyelembe veacuteve a Taacutersasaacuteg adoacutezaacutes utaacuteni 2015 III negyedeacuteves eredmeacutenye 1496

ezer euroacute nyereseacuteg volt szemben a baacutezisidőszak 1597 ezer euroacute nyereseacutegeacutevel miacuteg oumlsszesiacutetve 3285 ezer euroacute

(51) adoacutezott eredmeacutenyt eacutert el a Vaacutellalat a baacutezisidőszak 1892 ezer euroacute (31 ) nyereseacutegeacutevel szemben ami

koumlzel 14 millioacute euroacutes eredmeacutenyjavulaacutesnak felel meg A termeacutekbeszerzeacuteseacutehez kapcsoloacutedoacute fedezeti uumlgyletek

nyereseacutegei a peacutenzuumlgyi soron kimutatva ellensuacutelyozzaacutek a kedvezőtlen aacuterfolyamvaacuteltozaacutesok miatt keletkezett

kereskedelmi ill operatiacutev eredmeacuteny csoumlkkeneacutest




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bull A Vaacutellalat keacuteszletaacutellomaacutenya ndash az előző eacutev veacutegeacutevel felhalmozott strateacutegiai keacuteszletei miatt - 2631 ezer euroacuteval

noumlvekedett miacuteg a hosszabb fizeteacutesi hataacuteridejű Export eacuterteacutekesiacuteteacutes suacutelyaacutenak noumlvekedeacuteseacutevel 8-kal bővuumllt a

Vaacutellalat vevőaacutellomaacutenya a 2014-es baacutezissal oumlsszehasonliacutetva

bull A Taacutersasaacuteg ukrajnai EPS- eacutes porkevereacutek-gyaacutertaacutes beruhaacutezaacutesa tovaacutebbra is szuumlnetel a beruhaacutezaacutessal kapcsolatos

vaacuteltozaacutes 2015 III negyedeacutevben nem toumlrteacutent

bull NAV nyomozaacutes indult a Masterplast Nyrt 100-os tulajdonaacuteban leacutevő Masterplast Kft-vel szemben A Vaacutellalatot

veacutetlenseacutege elleneacutere is objektiacutev felelősseacuteg terhelheti a felteacutetelezett elkoumlvetők okozta jogtalan aacutefa visszaigeacutenyleacutes(269379000 forint) eacutes a lehetseacuteges buumlnteteacutesek erejeacuteig Az uumlggyel kapcsolatban a Vaacutellalatnak az uumlgylet

bizonytalan kimenetele miatt nincs ceacuteltartaleacutekolaacutesi koumltelezettseacutege valamint bankjai megerősiacutetetteacutek fennaacutelloacute

hitelkereteacutet A Masterplast eddig eacutes a joumlvőben is mindenben egyuumlttműkoumldik a hatoacutesaacutegokkal eacutes az uumlggyel

kapcsolatos minden szuumlkseacuteges informaacutecioacutet a tőzsdei előiacuteraacutesoknak eacutes egyeacuteb jogszabaacutelyoknak megfelelően

haladeacutektalanul koumlzzeacutetesz A Vaacutellalat biacutezik benne hogy a vizsgaacutelat mineacutel hamarabb lezaacuterul

bull A Vaacutellalat tovaacutebbra is fenntartja az eredmeacutenytermeleacutesre foacutekuszaacuteloacute eacuterteacutekesiacuteteacutesi politikaacutejaacutet eacutes strateacutegiai

termeacutekkoumlreacuteben megnyiacuteloacute gyaacutertaacuteskapacitaacutesaacutehoz igyekszik tovaacutebb erősiacuteteni piaci pocizoacuteit amit az iparaacutegi

koumlrnyezet tovaacutebbi javulaacutesa is taacutemogathat Ugyanakkor a megvaacuteltozott koumlrnyezetben a Vaacutellalat toumlrekszik a

magas keacuteszletszintjeacutenek tovaacutebbi csoumlkkenteacuteseacutere is ami az operatiacutev eredmeacutenytoumlmeg emelkedeacutese mellett

aacutetmeneti hateacutekonysaacuteg csoumlkkeneacutest (szaacutezaleacutekosan) mutathat A Csoport az idei sikeres fedezeti strateacutegiaacutejaacutenak is

tulajdoniacutethatoacutean a tavalyinaacutel jelentősen kedvezőbb peacutenzuumlgyi eacutes adoacutezaacutes utaacuteni eredmeacutennyel zaacuterhatja az eacutevet




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2 Kuumllső gazdasaacutegi iparaacutegi koumlrnyezet bemutataacutesa

A Masterplast fő teveacutekenyseacutegeacutet alkotoacute szigetelő- eacutes maacutes eacutepiacutetőanyagok gyaacutertaacutesaacutet eacutes eacuterteacutekesiacuteteacuteseacutet jelentős meacuterteacutekben

befolyaacutesolja a kuumllső gazdasaacutegi iparaacutegi koumlrnyezet alakulaacutesa Miacuteg az eacutepiacutetőanyagok eacutes kiegeacutesziacutető termeacutekek forgalma

elsősorban az uacutej eacutepuumlletek piacaacutehoz koumlthető a szigetelőanyagok (elsősorban hőszigeteleacutes) forgalma nagymeacuterteacutekben

kapcsoloacutedik az eacutepuumlletek lakaacutesok feluacutejiacutetaacutesaacutenak piacaacutehoz

2015 III negyedeacutevben vegyes tendenciaacutekat tapasztalt a Taacutersasaacuteg orszaacuteg-portfoacutelioacuteja iparaacutegi koumlrnyezeteacutenek

alakulaacutesaacuteval kapcsolatban A piacok szempontjaacuteboacutel legnagyobb suacutelyuacute Magyarorszaacutegon az első feacuteleacutevben tapasztalt

eacuteleacutenkuumlleacutes utaacuten elsősorban a lakossaacutegi piacon volt időszaki megtorpanaacutes eacuterzeacutekelhető a III negyedeacutevben Nem

eacuteleacutenkiacutetette a lakossaacutegi piacot a juacuteliusban induloacute uacutej csalaacutedi otthonteremteacutesi kedvezmeacuteny (CSOK) program sem

valamint a taacutersashaacutezi feluacutejiacutetaacutesokat ceacutelzoacute 10 milliaacuterd Ft keretoumlsszegű bdquoOtthon melege programrdquo elbiacuteraacutelaacutesa is őszre

toloacutedott iacutegy a paacutelyaacutezaton nyertes eacutepuumlletek feluacutejiacutetaacutesa vaacuterhatoacutean csak 2016 tavaszaacuten fog megkezdődni Sajnos a

kormaacuteny aacuteltal előre beharangozott eacutes a szakma aacuteltal is nagyon vaacutert lakossaacutegi energiahateacutekonysaacutegi paacutelyaacutezatok

nemhogy 2015-ben de az oktoacuteber eleji bejelenteacutes szerint a 2014-2020-as ciklusban egyaacuteltalaacuten nem lesznek

eleacuterhetők rontva ezzel az iparaacutegi noumlvekedeacutesi vaacuterakozaacutesokat A piaci szereplők visszajelzeacutesei alapjaacuten bővuumllt az

iparaacutegi kibocsaacutetaacutes a romaacuten piacon 2015 III negyedeacuteveacuteben ahol elsősorban a magaacutenberuhaacutezaacutesokeacutepiacutetkezeacutesek

eacuteleacutenkiacutetetteacutek a keresletet miacuteg az aacutellami projektek nagy reacutesze tovaacutebbra sem indult el Az I feacuteleacuteves csoumlkkeneacutes utaacutennoumlvekedeacutest mutatott Szerbia eacutepiacutetőipari kibocsaacutetaacutesa 2015 III negyedeacutevben eacutes 12-kal noumlvekedett a kiadott eacutepiacuteteacutesi

engedeacutelyek szaacutema is mely előre vetiacuteti a javuloacute tendenciaacutet Tovaacutebb csoumlkkent a gazdasaacutegi eacutes az eacutepiacutetőipari kibocsaacutetaacutes a

suacutelyos lakossaacutegi eacutes vaacutellalati eladoacutesodaacutessal suacutejtott horvaacutet piacon is ahol a statisztikaacutek tovaacutebbi iparaacutegi visszaeseacutesről

szaacutemolnak be A lengyel eacutepiacutetőipar 2015 harmadik negyedeacutevben a vaacutertnaacutel meacuterseacutekeltebben bővuumllt eacutes ez a tendencia

az elkoumlvetkező időszakban is folytatoacutedhat Aacuteltalaacutenossaacutegban jellemző az eacutepiacutetőipari termeacutekek aacutersziacutenvonal csoumlkkeneacutese

valamint a jelentős konkurencia harc Elmondhatoacute ugyanakkor hogy a vaacutellalatok peacutenzuumlgyi helyzete gyenge

uumltemben javul Szlovaacutekiaacuteban a koraacutebban meghirdetett eacutepuumlletek korszerűsiacuteteacuteseacutet eacutes hőszigeteleacuteseacutet taacutemogatoacute aacutellami

csomag (30 millioacute euroacute) megnyiacutelt a harmadik negyedeacutevben amitől jelentős piaci eacuteleacutenkuumlleacutest vaacuter a szektor A kormaacuteny

ndash igeacuteny eseteacuten - a taacutemogataacutesi keret kibőviacuteteacuteseacutenek a lehetőseacutegeacutet is kilaacutetaacutesba helyezte Mintegy 15-kal csoumlkkent az

ukraacuten GDP 2015 első feacuteleacuteveacuteben eacutes az csoumlkkent eacutepiacutetőipari kereslet is a tőkekivonaacutesok valamint a lakossaacuteg eacutes a

vaacutellalkozaacutesok finansziacuterozaacutesi neheacutezseacutegeinek tulajdoniacutethatoacutean Ugyanakkor az idei eacutev első hoacutenapjaiban tapasztalterőteljes turbulencia utaacuten az ukraacuten kormaacuteny aacuteltal bevezetett szigoruacute devizakorlaacutetozoacute rendelkezeacutesekkel aacutetmenetileg

stabilizaacuteloacutedott az ukraacuten fizetőeszkoumlz aacuterfolyama ami joacuteteacutekonyan hatott az orszaacuteg belpiacaacutera Javiacutethatja ugyanakkor

az eacutepiacutetőipari szektor eacuteleacutenkuumlleacuteseacutet az Euroacutepai Unioacutes taacutemogataacutessal indiacutetott szigeteleacutesi program ami elsősorban

magaacutenhaacutezak szigeteleacuteseacutehez biztosiacutet kormaacutenyzati forraacutest a lakossaacuteg szaacutemaacutera A gazdasaacutegi helyzet aacutetmeneti

rendeződeacuteseacutevel uacutejabb beszaacutelliacutetoacutek leacuteptek be az ukraacuten eacutepiacutetőipari piacra fokozva ezzel a konkurenciaharcot Az

Oroszorszaacutegra kiroacutett nemzetkoumlzi gazdasaacutegi szankcioacutek eacutes az olajaacuter alacsony aacuterfolyama ugyan tovaacutebbra is negatiacutevan

hatott a gazdasaacutegi folyamatokra aacutem az orszaacuteg adaptaacuteloacutedott a megvaacuteltozott koumlrnyezethez

A fenti folyamatokhoz kapcsoloacutedoacutean ideacutezzuumlk az EUROSTAT negyedeacuteves statisztikaacutejaacutet a kiadott lakaacuteseacutepiacuteteacutesi

engedeacutelyek szaacutemaacutenak alakulaacutesaacuteroacutel ami szaacutezaleacutekosan mutatja be az eacutepiacuteteacutesi engedeacutelyek szaacutemaacutenak orszaacutegonkeacutenti

negyedeacuteves alakulaacutesaacutet az előző negyedeacutevhez viszonyiacutetva

Eacutepiacuteteacutesi engedeacutelyek negyedeacuteves szaacutezaleacutekos vaacuteltozaacutesa 2014 I negyedeacutevtől - 2015 II negyedeacutevig

2014 I neacute 2014 II neacute 2014 III neacute 2014 IV neacute 2015 I neacute 2015 II neacute

Bulgaacuteria 226 -05 -26 200 -58 -55Horvaacutetorszaacuteg -23 02 -98 53 -104 46

Magyarorszaacuteg 106 74 249 -143 249 16Ausztria 157 -63 46 40 -109 133

Lengyelorszaacuteg 68 -10 79 -18 57 42Romaacutenia -22 27 -43 32 30 09

Szlovaacutekia 185 62 -09 -60 165 321

Forraacutes EUROSTAT Building permits percentage change (NACE Rev2)




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3 Aacuterbeveacutetel fő termeacutekcsoportonkeacutenti bemutataacutesa

Fő termeacutekcsoportok2014 III

neacute2015 III

neacuteVaacuteltozaacutes

2014 I-III

neacute2015 I-III


(A) (B) (BA-1) (A) (B) (BA-1)

ezer euroacute ezer euroacute ezer Euroacute ezer Euroacute

Homlokzati hőszigetelő rendszerek eacutes elemei 11 904 12 890 8 27 932 29 293 5Tetőfoacuteliaacutek eacutes tető kiegeacutesziacutetők 3 880 4 193 8 8 607 9 494 10

Bitumenes hullaacutemlemez eacutes zsindely-fedeacutesek 1 090 960 -12 2 752 2 315 -16

Szaacuterazeacutepiacuteteacuteszeti eacutes kiegeacutesziacutető profilok 1 823 2 059 13 5 117 5 540 8

Hő- hang- eacutes viacutezszigetelő anyagok 4 212 4 376 4 10 371 10 882 5

Eacutepiacutetőipari kiegeacutesziacutető termeacutekek 1 086 1 104 2 2 822 2 872 2

Gyaacutertaacutesi eacutes csomagoloacuteanyag 2 049 1 293 -37 4 350 4 198 -3

Nettoacute aacuterbeveacutetel 26 045 26 875 3 61 952 64 594 4

A termeacutekcsoportok szaacutezaleacutekos hozzaacutejaacuterulaacutesa a teljesforgalomhoz

Homlokzati hőszigetelő rendszerek eacutes elemei 46 48 45 45

Tetőfoacuteliaacutek eacutes tető kiegeacutesziacutetők 15 16 14 15

Bitumenes hullaacutemlemez eacutes zsindely fedeacutesek 4 4 4 4

Szaacuterazeacutepiacuteteacuteszeti eacutes kiegeacutesziacutető profilok 7 8 8 9

Hő- hang- eacutes viacutezszigetelő anyagok 16 16 17 17

Eacutepiacutetőipari kiegeacutesziacutető termeacutekek 4 4 5 4

Gyaacutertaacutesi eacutes csomagoloacuteanyag 8 5 7 6

Nettoacute aacuterbeveacutetel 100 100 100 100Forraacutes a Taacutersasaacuteg IFRS szerinti konszolidaacutelt 2014 szeptember 30-i eacutes 2015 szeptember 30-i nem auditaacutelt beszaacutemoloacutei valamint a Taacutersasaacuteg vezetői

informaacutecioacutes rendszereacuteből szaacutermazoacute nem auditaacutelt adatok

A Vaacutellalat forgalma 2015 III negyedeacuteveacuteben vegyes iparaacutegi koumlrnyezetben 3-kal noumlvekedett miacuteg oumlsszesiacutetve 4-osvolt az aacuterbeveacutetel emelkedeacutese

A Taacutersasaacuteg aacuterbeveacuteteleacuten beluumll meacuteg tovaacutebbra is az elsősorban eacutepuumllet- eacutes lakaacutesfeluacutejiacutetaacutesokhoz kapcsoloacutedoacute homlokzati

hőszigetelő rendszerek eacutes elemei adtaacutek a legnagyobb haacutenyadot (48) ahol a forgalom 2015 III negyedeacuteveacuteben

8-kal miacuteg oumlsszesiacutetve 5-kal emelkedett az előző eacutev azonos időszakaacuteval oumlsszehasonliacutetva Noumlvekedett a Vaacutellalat az

EPS eacuterteacutekesiacuteteacutese Romaacuteniaacuteban miacuteg a toumlbbi nagy (szerb magyar horvaacutet) piacon ndash reacuteszben a migraacutens vaacutelsaacuteg miatti

hataacuterzaacuteraknak betudhatoacutean is ndash csoumlkkent a forgalom a III negyedeacutevben a baacutezissal oumlsszehasonliacutetva Jelentősen

emelkedtek ugyanakkor a Csoport strateacutegiai termeacutekeacutenek szaacutemiacutetoacute uumlvegszoumlvet-haacuteloacute eladaacutesok az Export piacokon

Magyarorszaacutegon Romaacuteniaacuteban eacutes Lengyelorszaacutegban 2015 III negyedeacutevben a baacutezishoz keacutepest ellensuacutelyozva az EPS

eladaacutesok csoumlkkeneacuteseacutet

2015 III negyedeacutevben 8-kal - oumlsszesiacutetve 10-kal - noumlvekedett a Vaacutellalat strateacutegiai foacutekuszaacuteba tartozoacute tetőfoacuteliaacutek eacutes

tető kiegeacutesziacutető termeacutekek forgalma a 2014-es baacutezishoz keacutepest Az Export piacokon Magyarorszaacutegon Ukrajnaacuteban

eacutes Lengyelorszaacutegban noumlvekedett legnagyobb meacuterteacutekben a Vaacutellalat forgalma ebben a termeacutek-koumlrben a III

negyedeacutevben miacuteg Romaacuteniaacuteban a makedoacuten eacutes szlovaacutek piacokon meacuterseacuteklődoumltt a Taacutersasaacuteg forgalma

Az előző negyedeacutevneacutel kisseacute meacuterseacutekeltebben 12-kal (oumlsszesiacutetve -16) esett vissza a Vaacutellalat forgalma a bitumenes

hullaacutemlemez eacutes zsindelyfedeacutesek termeacutekcsoportban 2015 III negyedeacuteveacuteben a baacutezissal oumlsszevetve ahol Szlovaacutekiaacutet

a kis suacutelyuacute Macedoacuteniaacutet eacutes az Export piacokat leszaacutemiacutetva minden piacon csoumlkkent a Taacutersasaacuteg eacuterteacutekesiacuteteacutesi

teljesiacutetmeacutenye

A szaacuterazeacutepiacuteteacuteszeti eacutes kiegeacutesziacutető profilok teruumlleteacuten 13-kal noumlvekedett a Vaacutellalat forgalma 2015 III negyedeacutevben a2014-es baacutezishoz keacutepest miacuteg az oumlsszesiacutetett noumlvekedeacutes 8-ra emelkedett A joacute eacuterteacutekesiacuteteacutesi teljesiacutetmeacuteny elsősorban a




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Csoport sajaacutet gyaacutertaacutesuacute gipszkarton profilja magyar szerb export eacutes lengyel piacon toumlrteacutent eacuterteacutekesiacuteteacuteseacutenek

tulajdoniacutethatoacute

A maacutesodik legnagyobb aacuterbeveacutetellel rendelkező hő- hang- eacutes viacutezszigeteleacutesi termeacutekcsoportban a III negyedeacutevben

4-kal miacuteg az oumlsszesiacutetve 5-kal noumlvekedett a Vaacutellalat forgalma az előző eacutevi baacutezishoz keacutepest Eacuterdemben noumlvekedett

a Taacutersasaacuteg forgalma Romaacuteniaacuteban Szerbiaacuteban eacutes Oroszorszaacutegban miacuteg Ukrajnaacuteban Magyarorszaacutegon eacutes az Export

piacokon visszaesett a Vaacutellalat forgalma a baacutezissal oumlsszehasonliacutetva

Az eacutepiacutetőipari kiegeacutesziacutető termeacutekek piacaacuten 2-kal emelkedett a Vaacutellalat forgalma 2015 III negyedeacutevben a baacutezissal

oumlsszevetve miacuteg a kumulaacutelt noumlvekedeacutes 2 volt Elsősorban a szerb piacon eleacutert kimagasloacute noumlvekedeacutesnek

tulajdoniacutethatoacute a III negyedeacuteves noumlvekedeacutes de joacutel teljesiacutetett a Vaacutellalat a lengyel magyar makedoacuten eacutes Export

piacokon is miacuteg a romaacuten szlovaacutek eacutes ukraacuten piacon visszaesett a Csoport forgalma

A nem strateacutegiai gyaacutertaacutesi eacutes csomagoloacuteanyagok aacuterbeveacutetele 37-kal meacuterseacuteklődoumltt 2015 III negyedeacutevben a

magas baacutezissal oumlsszevetve miacuteg oumlsszesiacutetve 3-os volt az elmaradaacutes

4 Aacuterbeveacutetel orszaacutegonkeacutenti bontaacutesa

Orszaacutegok2014 III

neacute2015 III


2014 I-III

neacute2015 I-III


(A) (B) (BA-1) (A) (B) (BA-1)

ezer Euroacute ezer Euroacute ezer Euroacute ezer Euroacute

Magyarorszaacuteg 6 532 6 447 -1 16 180 17 087 6

Romaacutenia 4 120 4 254 3 9 595 10 009 4

Szerbia 2 956 3 179 8 7 083 7 457 5

Horvaacutetorszaacuteg 1 220 1 114 -9 3 315 3 184 -4

Ukrajna 2 839 3 202 13 5 923 5 782 -2

Szlovaacutekia 2 627 1 600 -39 5 363 3 999 -25

Lengyelorszaacuteg 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Egyeacuteb 1 472 1 571 7 3 826 3 641 -5


Az orszaacutegok szaacutezaleacutekos hozzaacutejaacuterulaacutesa a teljesforgalomhoz

Magyarorszaacuteg 25 24 26 26

Romaacutenia 16 16 15 15

Szerbia 11 12 11 12

Horvaacutetorszaacuteg 5 4 5 5

Ukrajna 11 12 10 9

Szlovaacutekia 10 6 9 6

Lengyelorszaacuteg 5 8 6 7

Export 11 13 11 14

Egyeacuteb 6 6 6 6



Az orszaacutegonkeacutenti aacuterbeveacutetel bontaacutes kimutataacutes azon orszaacutegokban realizaacutelt aacuterbeveacutetelt mutatja ahol a Masterplast sajaacutet

leaacutenyvaacutellalattal rendelkezik fuumlggetlenuumll attoacutel hogy melyik leaacutenyvaacutellalata eacuterteacutekesiacutetett az adott orszaacuteg teruumlleteacuten A

leaacutenyvaacutellalattal nem rendelkező orszaacutegokban toumlrteacutenő eacuterteacutekesiacuteteacutes Exportkeacutent keruumll kimutataacutesra miacuteg az Egyeacuteb sorona kisebb forgalmuacute leaacutenyvaacutellalattal rendelkező orszaacutegok oumlsszevont forgalma szerepel




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A Vaacutellalat forgalma a legnagyobb suacutelyuacute magyar piacon 2015 III negyedeacuteveacuteben 1-kal meacuterseacuteklődoumltt miacuteg oumlsszesiacutetve

6-kal noumlvekedett a tavalyi baacutezishoz keacutepest A Vaacutellalat tapasztalatai alapjaacuten a kedvező első feacuteleacuteves iparaacutegi trend

utaacuten a juacutelius-augusztus hoacutenapokban teljesen megaacutellt a homlokzati hőszigetelő piac raacuteadaacutesul a Vaacutellalat egyik

strateacutegia termeacutekeacuteben (EPS) a magas alapanyagaacuterak eacutes az euroacute aacuterfolyam vaacuteltozaacutesai miatt is romlott a Csoport

versenykeacutepesseacutege Nem eacuteleacutenkiacutetette a lakossaacutegi piacot a juacuteliusban induloacute uacutej csalaacutedi otthonteremteacutesi kedvezmeacuteny

(CSOK) program sem valamint a taacutersashaacutezi feluacutejiacutetaacutesokat ceacutelzoacute 10 milliaacuterd Ft keretoumlsszegű bdquoOtthon melege programrdquo

elbiacuteraacutelaacutesa is őszre toloacutedott iacutegy a paacutelyaacutezaton nyertes eacutepuumlletek feluacutejiacutetaacutesa vaacuterhatoacutean csak 2016 tavaszaacuten fogmegkezdődni Noumlvekedett a Vaacutellalat forgalma a tetőfoacuteliaacutek eacutes tető-kiegeacutesziacutető termeacutekcsoportban emelkedett az

uumlvegszoumlvet valamint a sajaacutet gyaacutertaacutesuacute gipszkarton profilok kimagasloacute teljesiacutetmeacutenyeacutenek koumlszoumlnhetően a

szaacuterazeacutepiacuteteacuteszeti termeacutekcsoport eacuterteacutekesiacuteteacutese 2015 III negyedeacutevben Csoumlkkent ugyanakkor a tavalyi magas baacutezisuacute

projekt uumlzletaacuteghoz kapcsoloacutedoacute hő- hang- eacutes viacutezszigeteleacutesi termeacutekek valamint az EPS forgalma 2015 III

negyedeacutevben ahol a szeptemberi teljesiacuteteacuteseket neheziacutetette a migraacutens kriacutezis miatti aacutetmeneti szerb-magyar hataacuterzaacuter

is

3-kal emelkedett a Taacutersasaacuteg aacuterbeveacutetele a romaacuten piacon 2015 III negyedeacuteveacuteben miacuteg oumlsszesiacutetve 4-os volt a

forgalomnoumlvekedeacutes A noumlvekedeacuteshez hozzaacutejaacuterult az eacutepiacutetőipari koumlrnyezet tovaacutebbi javulaacutesa ami elsősorban a

magaacutenberuhaacutezaacutesok eacutepiacutetkezeacutesek szaacutemaacutenak noumlvekedeacuteseacuteben ill a feluacutejiacutetaacutesi piac eacuteleacutenkuumlleacuteseacuteben mutatkozott meg A

javuloacute koumlrnyezet elleneacutere a piacot jellemző tuacutelmeacuteretezett gyaacutertoacutekapacitaacutesok miatt tovaacutebbra is megmaradt a kiacutenaacutelatipiac erős aacuterversenye ami a termeacutekminőseacuteg folyamatos erodaacutelaacutesaacuteval is paacuterosul Eacuterdemben a homlokzati hőszigetelő

rendszer elemeiben (EPS uumlvegszoumlvet) a hő- hang- viacutezszigetelő eacutes szaacuterazeacutepiacuteteacuteszeti termeacutekekben noumlvekedett a

Vaacutellalat forgalma a III negyedeacutevben miacuteg a DIY (barkaacutecsaacuteruhaacutezak) szegmensben jelentősen csoumlkkent a Taacutersasaacuteg

aacuterbeveacutetele a 2015-oumls eacutevben a baacutezishoz keacutepest A fokozoacutedoacute aacuterverseny miatt a forgalom noumlvekedeacuteseacutevel csoumlkkent a

Vaacutellalat kereskedelmi aacuterreacutese miacuteg alacsonyabb leacutetszaacutemaacutenak eacutes hateacutekonyabb műkoumldeacutesnek tulajdoniacutethatoacutean javult a

Taacutersasaacuteg műkoumldeacutesi eredmeacutenye

Kisseacute javuloacute makrogazdasaacutegi koumlrnyezetben 2015 III negyedeacutevben 8-kal noumlvekedett a Vaacutellalat forgalma

Szerbiaacuteban a baacutezissal oumlsszevetve ami oumlsszesiacutetve 5-os forgalombővuumlleacutest eredmeacutenyezett Elsősorban a tetőfoacuteliaacutek

eacutes kiegeacutesziacutetők a hő- hang- eacutes viacutezszigetelő anyagok valamint a szaacuterazeacutepiacuteteacuteszeti termeacutekek aacuterbeveacutetele bővuumllt a III

negyedeacutevben miacuteg az homlokzati hőszigetelő rendszer eacutes elemeiben valamint a bitumenes tetőfedeacutesben csoumlkkent aforgalom a baacutezissal oumlsszevetve Megemliacutetendő ugyanakkor hogy a noumlvekvő konkurencia harc (uacutej

gyaacutertoacutekapacitaacutesok) valamint a kedvezőtlen nyersanyagaacuter eacutes devizaaacuterfolyamok hataacutesai miatt csoumlkkent a Vaacutellalat

kereskedelmi aacuterreacutese a szerb piacon

Tovaacutebbra is negatiacutev iparaacutegi koumlrnyezetben 9-kal csoumlkkent a Vaacutellalat forgalma a horvaacutet piacon 2015 III

negyedeacutevben a baacutezishoz keacutepest miacuteg oumlsszesiacutetett forgalom-csoumlkkeneacutes 4 volt A tetőfoacuteliaacutek eacutes kiegeacutesziacutetők kiveacuteteleacutevel

minden fő termeacutekcsoportban csoumlkkent a Vaacutellalat forgalma a III negyedeacutevben a baacutezishoz keacutepest ugyanakkor a

Vaacutellalat gazdaacutelkodaacutesa a szervezet aacutetalakiacutetaacutesaacuteval javult a baacutezisidőszakhoz keacutepest

Az ukraacuten gazdasaacuteg (I feacuteleacuteves GDP - 15) eacutes az eacutepiacutetőipari kereslet csoumlkkeneacuteseacutenek (piacveszteacutes Donbaszon eacutes a Kriacutem-

feacutelszigeten tőkekivonaacutes a lakossaacuteg eacutes a vaacutellalkozaacutesok finansziacuterozaacutesi neheacutezseacutegei) elleneacutere 2015 III negyedeacuteveacuteben aVaacutellalat forgalma 13-kal noumlvekedett Ukrajnaacuteban a baacutezisidőszakhoz keacutepest miacuteg oumlsszesiacutetetve az elmaradaacutes 2-ra

zsugorodott A noumlvekedeacutes nagy reacutesze a kijevi nagy beruhaacutezaacutesi projektekhez toumlrteacutenő beszaacutelliacutetaacutesoknak eacutes jelentős

szaacutemuacute uacutej partner megszerzeacuteseacutenek volt koumlszoumlnhető A Vaacutellalat aacuterbeveacuteteleacuten beluumll tovaacutebbra is az elsősorban eacutepuumllet- eacutes

lakaacutesfeluacutejiacutetaacutesokhoz kapcsoloacutedoacute homlokzati hőszigetelő rendszerek eacutes elemei adtaacutek a legnagyobb haacutenyadot ahol a

forgalom 5-kal emelkedett miacuteg a tetőfoacuteliaacutek eacutes tető kiegeacutesziacutetők termeacutekcsoport forgalma 24-kal noumlvekedett 2015

III negyedeacuteveacuteben a baacutezishoz keacutepest Az Ukraacuten Nemzeti Bank inteacutezkedeacuteseinek hataacutesaacutera aacutetmenetileg stabilizaacuteloacutedott a

helyi deviza aacuterfolyama azonban a Taacutersasaacuteg tovaacutebbra is fenntartja a devizaaacuterfolyam-alapuacute aacuterkeacutepzeacuteseacutet eacutes az

előreutalaacuteson alapuloacute vevői kiszolgaacutelaacutesaacutet A stabilabb hrivnya valamint a kormaacuteny szigeteleacutes oumlsztoumlnző

programjaacutenak hataacutesaacutera fokozoacutedott a konkurenciaharc is a maacutesodik feacuteleacutevben ami a kereskedelmi aacuterreacutes

meacuterseacuteklődeacuteseacutet is eredmeacutenyezte Oumlsszesseacutegeacuteben a Vaacutellalat a forgalomcsoumlkkeneacutes elleneacutere a marzs noumlvekedeacuteseacutevel

valamint a koumlltseacutegcsoumlkkeneacutessel javiacutetotta műkoumldeacutesi- valamint sikeres devizaműveleteinek tulajdoniacutethatoacutean azadoacutezaacutes előtti eredmeacutenyeacutet




983097

A szlovaacutek piacon 2015 III negyedeacuteveacuteben 39-kal oumlsszesiacutetve 25-kal csoumlkkent a Vaacutellalat forgalma ami a baacutezis eacutes

aktuaacutelis időszak egyedi uumlgyleteinek kiszűreacutese utaacuten -7-ra meacuterseacuteklődik A forgalom visszaeseacuteseacutehez hozzaacutejaacuterult a

helyi vaacutellalat eacuterteacutekesiacuteteacutesi szervezeteacutenek aacutetalakulaacutesa is ami a fő szezonra maacuter stabilizaacuteloacutedott Noumlvekedett a Vaacutellalat

uumlvegszoumlvet-haacuteloacute valamint a hő- hang- eacutes viacutezszigeteleacutes termeacutekcsoport eacuterteacutekesiacuteteacutese a III negyedeacutevben miacuteg az EPS a

tetőfoacuteliaacutek eacutes tető-kiegeacutesziacutetők eladaacutesai csoumlkkentek a baacutezis időszakhoz keacutepest

A III negyedeacutevben lengyel piacon 47 -kal emelkedett a Vaacutellalat aacuterbeveacutetele a a 2014-es baacutezishoz keacutepest miacutegkumulaacuteltan 25-kal nőtt a forgalom Az eleacutert noumlvekedeacutest jelentősen javiacutetotta a Csoport egyik strateacutegiai partnereacutenek

egyedi nagy eacuterteacutekű uumlvegszoumlvet-haacuteloacute eacuterteacutekesiacuteteacutese

Az Export piacokon a Vaacutellalat tovaacutebb folytatta dinamikus noumlvekedeacuteseacutet 2015 III negyedeacutevben 20-kal eacuteves

szinten 27-kal emelkedett a forgalom A Vaacutellalat meghataacuterozoacute piacai koumlzuumll tovaacutebbra is kimagasloacutean teljesiacutetett

Nagy-Britannia Belgium Iacuterorszaacuteg Olaszorszaacuteg valamint Goumlroumlgorszaacuteg Csoumlkkent ugyanakkor a Csoport aacuterbeveacutetele

Spanyolorszaacutegban ahol az eacuterteacutekesiacuteteacutesi struktuacutera aacutetalakiacutetaacutesa zajlik valamint Neacutemetorszaacutegban ahol egy tavalyi

egyszeri uumlgylet eredmeacutenye torziacutetja a baacutezist Az exporttermeacutekek koumlzoumltt tovaacutebbra is meghataacuterozoacute a diffuacutezioacutes tetőfoacutelia

valamint a minőseacutegi uumlvegszoumlvet ami az eacuterteacutekesiacuteteacutes 70-aacutet teszi ki Fentiek mellett karakteresen noumlvekszik a

homlokzati rendszer elemeikeacutent eladott kiegeacutesziacutető termeacutekek suacutelya is

Az Egyeacuteb csoportba sorolt orszaacutegok 2015 III negyedeacuteves 7 -os forgalom noumlvekedeacutese - oumlsszesiacutetett 5-os

csoumlkkeneacutes ndash a Vaacutellalat macedoacuten cseh osztraacutek eacutes orosz piacokon eleacutert aacuterbeveacutetel emelkedeacuteseacutenek tulajdoniacutethatoacute

Oumlsszesseacutegeacuteben megaacutellapiacutethatoacute hogy a kisseacute javuloacute iparaacutegi koumlrnyezetben - a magyar szlovaacutek eacutes a horvaacutet piacain

kiacutevuumll - minden piacon noumlvekedett a Vaacutellalat aacuterbeveacutetele a III negyedeacutevben ami az első 9 hoacutenapban 4-os

forgalombővuumlleacutest eredmeacutenyezett A Vaacutellalat 2014 veacutegeacuten komoly strateacutegiai keacuteszletet halmozott fel amivel az I

feacuteleacutevben sikeresen ellensuacutelyozni tudta a kedvezőtlen aacuterfolyam (USD erősoumldeacutes) eacutes alapanyag vaacuteltozaacutes hataacutesait Kiacutena

eacutes a vilaacuteggazdasaacuteg lehetseacuteges lassulaacutesaacutet előrevetiacutető adatok megvaacuteltoztattaacutek a nyers- eacutes alapanyag trendeket

amihez alkalmazkodva a Vaacutellalat moacutedosiacutetotta a megmaradt keacuteszleteacutenek eacuterteacutekesiacuteteacutesi strateacutegiaacutejaacutet A megvaacuteltozott

eacuterteacutekesiacuteteacutesi strateacutegia eacutes az egyes piacokon (romaacuten ukraacuten szerb) tapasztalhatoacute noumlvekvő konkurencia harcnak

tulajdoniacutethatoacutean noumlvekedett ugyan a Vaacutellalat forgalma a III negyedeacutevben azonban kereskedelmi aacuterreacutese csoumlkkent

Kiemelendő ugyanakkor hogy a Vaacutellalat termeacutekbeszerzeacuteseacutehez kapcsoloacutedoacute fedezeti uumlgyletekkel is rendelkezett

melyek nyereseacutegei a peacutenzuumlgyi soron kimutatva ellensuacutelyozzaacutek a kedvezőtlen aacuter eacutes aacuterfolyamvaacuteltozaacutesok miatt

keletkezett kereskedelmi ill operatiacutev eredmeacuteny csoumlkkeneacutest




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5 Eredmeacuteny-kimutataacutes elemzeacutese

A koumlvetkező taacuteblaacutezat a Masterplast Nyrt konszolidaacutelt eredmeacuteny-kimutataacutesaacutet mutatja be oumlsszkoumlltseacuteg tiacutepusuacute

formaacutetumnak megfelelően ezer euroacuteban

Adatok ezer euroacuteban 2014 III neacutev 2015 III neacutev Vaacuteltozaacutes Index 2014 I-III neacutev 2015 I-III neacutev Vaacuteltozaacutes Index

(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Eacuterteacutekesiacuteteacutes aacuterbeveacutetele 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0Anyagok eacutes igeacutenybevettszolgaacuteltataacutesok -21 462 -22 815 -1 353 6 -51 891 -54 680 -2 789 5

Szemeacutelyi jellegű raacutefordiacutetaacutesok -1 861 -1 963 -102 5 -5 573 -5 845 -272 5Eacuterteacutekcsoumlkkeneacutesi leiacuteraacutes eacutesamortizaacutecioacute -369 -356 13 -4 -1 094 -1 080 14 -1Sajaacutet termeleacutesű keacuteszletekaacutellomaacutenyvaacuteltozaacutesa -22 159 181 24 432 408

Egyeacuteb műkoumldeacutesi beveacutetelek(raacutefordiacutetaacutesok) -131 -88 43 -33 -191 -202 -11 6

EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1


UumlZLETI TEVEacuteKENYSEacuteGEREDMEacuteNYE 2 200 1 812 -388 -18 3 227 3 219 -8 0

Kamatbeveacutetel 30 26 -4 -13 71 82 11 15

Kamatkoumlltseacuteg -174 -153 21 -12 -531 -505 26 -5Peacutenzuumlgyi műveletek egyeacutebbeveacutetelei (raacutefordiacutetaacutesai) -110 124 234 -213 -641 880 1 521 -237

Peacutenzuumlgyi eredmeacuteny -254 -3 251 -99 -1 101 457 1 558 -142

Reacuteszesedeacutes taacutersult vaacutellalatokeredmeacutenyeacuteből 3 6 3 100 4 7 3 75

ADOacuteZAacuteS ELŐTTI EREDMEacuteNY 1 949 1 815 -134 -7 2 130 3 683 1 553 73

Nyereseacutegadoacute -352 -319 33 -9 -238 -398 -160 67

ADOacuteZOTT EREDMEacuteNY 1 597 1 496 -101 -6 1 892 3 285 1 393 74

Anyavaacutellalati reacuteszveacutenyesekreacuteszesedeacutese 1 569 1 423 -146 -9 1 910 3 169 1 259 66

Kuumllső tulajdonosok reacuteszesedeacutese 28 73 45 161 -18 116 134 -744

1 reacuteszveacutenyre jutoacute eredmeacuteny (EPS)EUR 011 010 014 023Forraacutes a Taacutersasaacuteg IFRS szerinti konszolidaacutelt 2014 szeptember 30-i eacutes 2015 szeptember 30-i nem auditaacutelt beszaacutemoloacutei

A Csoport eacuterteacutekesiacuteteacutesi aacuterbeveacutetele 2015 III negyedeacutevben 26 875 ezer euroacute (+3) 2015 első haacuterom-negyedeacuteves

forgalma 64 594 ezer euroacute volt ami 4-kal haladta meg a baacutezis időszak eacuterteacutekeacutet

Kiacutena eacutes a vilaacuteggazdasaacuteg esetleges lassulaacutesaacutet előrevetiacutető adatok megvaacuteltoztattaacutek a koraacutebbi emelkedő ill stagnaacuteloacute

nyers- eacutes alapanyag trendeket A nyers- eacutes alapanyagok aacuterai csoumlkkeni kezdtek - olcsoacutebbaacute teacuteve ezzel az uacutej

beszerzeacuteseket - valamint a bővuumllő sajaacutet gyaacutertaacutessal egyre jobban biztosiacutetottaacute vaacutelt a Vaacutellalat termeacutekellaacutetottsaacutega

Mindezek hataacutesaacutera a Vaacutellalat eacuterteacutekesiacuteteacutesi foacutekuszaacutet a megmaradt magas keacuteszleteacutenek csoumlkkenteacuteseacutere iraacutenyiacutetotta ami

kihatott a 2015 III negyedeacutev uumlzleti eredmeacutenyeacutere is

A Vaacutellalat forgalma 3-kal emelkedett 2015 III negyedeacutevben azonban kereskedelmi aacuterreacutese elsősorban a komoly

konkurencia harccal is suacutejtott nagy piacain (romaacuten szerb lengyel ukraacuten) csoumlkkent miacuteg a magyar eacutes Export




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piacokon kis meacuterteacutekben nőtt ill stagnaacutelt a marzs Az alacsonyabb szaacutelliacutetaacutesi koumlltseacutegű termeacutekek eacuterteacutekesiacuteteacutesi

foacutekuszaacutenak valamint a nemzetkoumlzi olajaacutereseacutesnek koumlszoumlnhetően csoumlkkentek a Vaacutellalat uumlzem- egyeacuteb anyag idegen

kiszaacutelliacutetaacutesi koumlltseacutegei valamint meacuterseacuteklődtek a biztosiacutetaacutesi beacuterleti diacutej kiadaacutesai 2015 III negyedeacutevben a baacutezishoz

viszonyiacutetva A megnoumlvekedett sajaacutet gyaacutertaacutesnak tulajdoniacutethatoacutean noumlvekedtek ugyanakkor az alap- egyeacutebanyag eacutes

energia koumlltseacutegek a III negyedeacutevben a baacutezissal oumlsszehasonliacutetva Noumlvekedett a sepsiszentgyoumlrgyi EPS a kaacuteli

uumlvegszoumlvet-gyaacuter eacutes a habfoacutelia uumlzem kibocsaacutetaacutesa 2015 III negyedeacuteveacuteben a baacutezis időszakhoz keacutepest miacuteg a szabadkai

EPS gyaacuter kibocsaacutetaacutesa elmaradt a tervektől eacutes az előző eacutev azonos időszakaacutetoacutel A proacutebagyaacutertaacutesokat koumlvetőenmegindult a termeleacutes Szabadkaacuten a Taacutersasaacuteg uacutej uumlvegszoumlvet gyaacutertoacute egyseacutegeacuteben ahol joacutel halad a gyaacuter kapacitaacutes

felfuttataacutesa azonban meacuteg nem eacuterte el az optimaacutelis kibocsaacutetaacutesi szintet Mindezeket figyelembe veacuteve a Taacutersasaacuteg

anyagok eacutes igeacutenybevett szolgaacuteltataacutes koumlltseacutegei az aacuterbeveacutetel 3-os noumlvekedeacuteseacutevel szemben 6-kal emelkedik 2015

III negyedeacuteveacuteben miacuteg oumlsszesiacutetve a 4-os forgalombővuumlleacuteshez 5-os koumlltseacutegnoumlvekedeacutes taacutersult

Elsősorban a szerb uumlvegszoumlvet-haacuteloacute gyaacutertaacutes felfutaacutesaacutenak tulajdoniacutethatoacutean 5-kal noumlvekedtek a Vaacutellalat szemeacutelyi


noumlvekedeacutest mutat az első 9 hoacutenapra vetiacutetve 2015 szeptember veacutegeacutevel 681 főt alkalmazott a Taacutersasaacuteg - melyből a

2014 eacutev veacutegeacutevel induloacute szabadkai uumlvegszoumlvet gyaacuter 87 alkalmazottat foglalkozatott - szemben a baacutezis időszak 626

fős aacutellomaacutenyaacuteval

Nem vaacuteltozott eacuterdemben a Vaacutellalat eacuterteacutekcsoumlkkeneacutese eacutes amortizaacutecioacuteja 2015 III negyedeacutevben valamint az eacutev első 9

hoacutenapjaacuteban a baacutezis időszakkal oumlsszehasonliacutetva 2014 veacutegeacuten elindult a szabadkai uumlvegszoumlvet-gyaacutertaacutes melynek

elszaacutemolt eacuterteacutekcsoumlkkeneacuteseacutet ellensuacutelyozta a kifutoacute taacutergyi eszkoumlzoumlk amortizaacutecioacute csoumlkkeneacutese

A megnoumlvekedett gyaacutertaacutesnak is tulajdoniacutethatoacutean emelkedett ugyanakkor a sajaacutet termeleacutesű keacuteszletek

aacutellomaacutenyvaacuteltozaacutesaacutenak eacuterteacuteke a III negyedeacutevben a 2014-es baacutezishoz keacutepest (159 ezer euroacute) miacuteg az egyeacuteb beveacutetel eacutes

raacutefordiacutetaacutesok eseteacuteben 43 ezer euroacute eacuterteacutekben csoumlkkentek a Taacutersasaacuteg raacutefordiacutetaacutesai 2015 III negyedeacutevben a baacutezis

időszakhoz keacutepest A Vaacutellalat 46 ezer euroacute eacuterteacutekveszteacutes eacutes hitelezeacutesi veszteseacuteget szaacutemolt el 2015 III negyedeacutevben

Mindezek eredmeacutenyekeacuteppen a Taacutersasaacuteg EBITDA-ja 2015 III negyedeacuteveacuteben 2168 ezer euroacute (81 EBITDA haacutenyad)

volt a baacutezis időszak 2569 ezer euroacutes (99 EBITDA haacutenyad) eacuterteacutekeacutevel szemben ami mintegy 16-os műkoumldeacutesi

eredmeacuteny visszaeseacutest mutat Figyelembe veacuteve az eacuterteacutekcsoumlkkeneacutest is a Vaacutellalat uumlzleti teveacutekenyseacutegeacutenek eredmeacutenye

(EBIT) 3219 ezer euroacute volt 2015 első haacuteromnegyed eacuteveacuteben ami a baacutezis időszak eacuterteacutekeacutenek felel meg Kiemelendő

ugyanakkor hogy a Vaacutellalat az aacuterkeacutepzeacuteseacuteneacutel a fedezeti uumlgyletek deviza aacuterfolyamaacuteval is kalkulaacutelt iacutegy az operatiacutev

eredmeacuteny csoumlkkeneacuteseacutet a deviza fedezeti uumlgyletek - peacutenzuumlgyi soron kimutatott - aacuterfolyamnyereseacutege kompenzaacutelta

Elsősorban a javuloacute kamatkoumlrnyezetnek tulajdoniacutethatoacutean csoumlkkentek a Taacutersasaacuteg raacutefordiacutetaacutesai 2015 III negyedeacutevben a

baacutezishoz keacutepest ami a III negyedeacutevre 17 ezer oumlsszesiacutetve 37 ezer euroacute nettoacute kamateredmeacuteny javulaacutest

eredmeacutenyezett a 2014-es baacutezishoz keacutepest

A peacutenzuumlgyi műveletek egyeacuteb beveacuteteleiraacutefordiacutetaacutesai doumlntő reacuteszben az aacuterfolyameredmeacutenyeket tartalmazza A

Csoport toumlbbseacutegeacuteben euroacuteban eacutes USD-ben szerzi be termeacutekeit melyeket helyi devizaacuteban eacuterteacutekesiacutet ezeacutert a helyi

devizaacutek aacuterfolyammozgaacutesa jelentősen befolyaacutesolja a Csoport peacutenzuumlgyi eredmeacutenyeacutet Mivel az orszaacutegok toumlbbseacutegeacutenekdevizaacuteja az euroacutehoz koumltoumltt iacutegy az EURUSD mozgaacutesa is kihat ndash USD alapuacute beszerzeacutesekneacutel ndash az aacuterfolyam

eredmeacutenyekre A Vaacutellalat a beszerzeacutesekhez kapcsoloacutedoacute EURUSD aacuterfolyam-biztosiacutetaacutesi uumlgyletekkel rendelkezett 2015

III negyedeacuteveacuteben melyek zaacuteraacutesainak eacutes aacuteteacuterteacutekeleacuteseinek eredmeacutenyei is megjelentek a peacutenzuumlgyi műveletek egyeacuteb

eredmeacutenyeiben A magyar szervezet (Masterplast Kft) euroacute alapuacute forgoacuteeszkoumlz hitelaacutellomaacutennyal miacuteg a szerb

leaacutenyvaacutellalat euroacute alapuacute beruhaacutezaacutesi hitellel is rendelkezik




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Az alaacutebbi taacuteblaacutezat a Csoport szaacutemaacutera fontosabb devizaacutek aacuterfolyamait mutatja 2014-ben eacutes 2015-ben

Zaacuteroacuteaacuterfolyamok 20131231 20140930 20141231 20150630 20150930 Index Index IndexA B C D E BA EC ED

EURUSD 138 127 122 111 112 9197 9240 10077EURHUF 29691 31036 31489 31504 31332 10453 9950 9945EURRON 448 441 448 447 442 9837 9866 9880EURRSD 11464 11885 12096 12060 11975 10367 9900 9929

EURUAH 1104 1645 1923 2354 2412 14895 12543 10246USDHUF 21567 24513 25913 28275 27905 11366 10769 9869USDRON 326 350 369 400 393 10748 10660 9833USDRSD 8374 9362 9946 10773 10649 11180 10706 9885USDUAH 814 1295 1577 2102 2153 15899 13654 10245USDRUB 3273 3939 5626 5552 6624 12034 11774 11930Forraacutes Nemzeti bankok aacuterfolyamai

2015 III negyedeacutevben 124 ezer euroacute aacuterfolyamnyereseacuteget eacutert el a Vaacutellalat szemben a baacutezis időszak 110 ezer euroacute

raacutefordiacutetaacutesaacuteval A 2015 első feacuteleacuteves hektikus aacuterfolyammozgaacutesaacutet koumlvetően a 2015 III negyedeacutevben az ukraacuten hrivnya eacutes

az orosz rubel gyenguumllt jelentősebb meacuterteacutekben miacuteg az EURUSD stagnaacutelaacutesa mellett kisseacute erősoumldtek a koumlzeacutep-kelet

euroacutepai orszaacutegok (HUF RSD RON) devizaacutei javiacutetva ezzel a Csoport aacuterfolyam eredmeacutenyeacutet A Vaacutellalat

termeacutekbeszerzeacuteseacutehez kapcsoloacutedoacute ndash elsősorban EURUSD - fedezeti uumlgyletekkel is rendelkezett az eacutev soraacuten melyek


kereskedelmi ill operatiacutev eredmeacuteny csoumlkkeneacutest Kiemelendő hogy az ukraacuten devizakitettseacuteg csoumlkkenteacuteseacutere a

Vaacutellalat 2014 veacutegeacuten 12 USD euroacute oumlsszegű hrivnya hitelt vett fel amelyből kifizette a devizaacuteban fennaacutelloacute

koumltelezettseacutegeinek nagy reacuteszeacutet ndash csoumlkkentve ezzel az aacuterfolyam leeacuterteacutekeleacutesből szaacutermazoacute veszteseacuteget

Oumlsszefoglalva a csoumlkkenő kamatkiadaacutesok eacutes a III negyedeacutev aacuterfolyamhataacutesainak tulajdoniacutethatoacutean a Csoport 2015 III

negyedeacuteves peacutenzuumlgyi veszteseacutege 3 ezer euroacute volt szemben a baacutezisidőszak 254 ezer euroacute veszteseacutegeacutevel Oumlsszesiacutetve

ugyanakkor a Csoport sikeres fedezeti strateacutegiaacutejaacutenak is tulajdoniacutethatoacutean a Vaacutellalat 457 ezer euroacute peacutenzuumlgyi

nyereseacuteget eacutert el 2015 első 9 hoacutenapjaacuteban a baacutezisidőszak 1101 ezer euroacute veszteseacutegeacutevel szemben

A peacutenzuumlgyi eredmeacutenyeket is figyelembe veacuteve a Taacutersasaacuteg adoacutezaacutes utaacuteni 2015 III negyedeacuteves eredmeacutenye 1496 ezer

euroacute nyereseacuteg volt szemben a baacutezisidőszak 1597 ezer euroacute nyereseacutegeacutevel oumlsszesiacutetve 3285 ezer euroacute (51-osadoacutezott eredmeacutenyhaacutenyad) adoacutezott eredmeacutenyt eacutert el a Vaacutellalat a baacutezisidőszak 1892 ezer euroacute (31-os adoacutezott

eredmeacutenyhaacutenyad) nyereseacutegeacutevel szemben ami 1393 ezer euroacute eredmeacutenyjavulaacutesnak felel meg

Oumlsszesseacutegeacuteben a Vaacutellalat kisseacute javuloacute iparaacutegi koumlrnyezetben 3-kal noumlvelte aacuterbeveacuteteleacutet a III negyedeacutevben ami 4-

os feacuteleacuteves forgalombővuumlleacutest eredmeacutenyezett A 2015 kedvezőtlen nyersanyagaacuter eacutes devizaaacuterfolyam vaacuteltozaacutesainak

valamint egyes piacokon fokozoacutedoacute konkurenciaharc hataacutesaacutera a Vaacutellalat kereskedelmi aacuterreacutese kisseacute csoumlkkent melyet -

a megvaacuteltozott kereskedelmi foacutekusz eacutes az operaacutecioacute egyszerűsiacuteteacuteseacutenek tulajdoniacutethatoacutean - szaacutelliacutetaacutesi eacutes egyeacuteb

koumlltseacutegmegtakariacutetaacutesokkal reacuteszben ellensuacutelyozott Megnoumlvekedett sajaacutetgyaacutertaacutesi teveacutekenyseacutege miatt a Vaacutellalat

szemeacutelyi koumlltseacutege kis meacuterteacutekben noumlvekedett Mindezeknek tulajdoniacutethatoacutean a Vaacutellalat 2015 III negyedeacutevben

elvesztette az első feacuteleacutevben felhalmozott baacutezis időszakhoz keacutepest eleacutert eredmeacutenytoumlbbleteacutet operatiacutev eredmeacutenye

2015 első 9 hoacutenapjaacuteval bezaacuteroacutelag a baacutezis időszak szintjeacuten alakult Tovaacutebb csoumlkkentek ugyanakkor a kamatkiadaacutesokeacutes a Csoport sikeres fedezeti strateacutegiaacutejaacutenak is tulajdoniacutethatoacutean a peacutenzuumlgyi eredmeacutenye tovaacutebb javult iacutegy a Taacutersasaacuteg

a tavalyi eacutevineacutel koumlzel 14 millioacute euroacuteval magasabb adoacutezott eredmeacutenyt eacutert 2015 első haacuteromnegyed-eacuteveacuteben




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6 Meacuterleg bemutataacutesa eacutes elemzeacutese

A Ceacutegcsoport uumlzleteacutenek erős eacuteven beluumlli szezonaacutelis hataacutesa miatt a Taacutersasaacuteg 2015 szeptember 30-i meacuterlegeacutet az előző

eacutev azonos időpontjaacutehoz tartozoacute meacuterlegadatokkal oumlsszehasonliacutetva mutatja be eacutes elemzi Kuumlloumln taacuteblaacutezatban keruumll

bemutataacutesra az eacutev veacutegi aacutellomaacutennyal toumlrteacutenő oumlsszehasonliacutetaacutes

Adatok ezer euroacuteban 20140930 20150930 Vaacuteltozaacutes Index

(A) (B) B-A (BA-1)

BEFEKTETETT ESZKOumlZOumlK

Taacutergyi eszkoumlzoumlk 20 882 20 818 -64 0

Immateriaacutelis javak 53 73 20 38

Befekteteacutesek taacutersult vaacutellalkozaacutesokban 38 35 -3 -8

Halasztott adoacute-eszkoumlzoumlk 869 682 -187 -22

Egyeacuteb hosszuacute lejaacuteratuacute peacutenzuumlgyi eszkoumlzoumlk 0 0 0 0

Befektetett eszkoumlzoumlk 21 842 21 608 -234 -1

FORGOacuteESZKOumlZOumlK

Keacuteszletek 16 637 19 268 2 631 16

Vevők 14 215 15 369 1 154 8

Adoacutekoumlveteleacutes 842 857 15 2

Egyeacuteb forgoacuteeszkoumlzoumlk 3 051 1 906 -1 145 -38Peacutenzeszkoumlzoumlk 2 529 5 120 2 591 102

Forgoacuteeszkoumlzoumlk 37 274 42 520 5 246 14

ESZKOumlZOumlK OumlSSZESEN 59 116 64 128 5 012 8

SAJAacuteT TŐKE

Jegyzett tőke 5 226 5 226 0 0

Tartaleacutekok 15 908 16 117 209 1

Visszavaacutesaacuterolt sajaacutet reacuteszveacuteny -23 -30 -7 30

Anyavaacutellalat reacuteszesedeacutese az eredmeacutenyből 1 909 3 169 1 260 66

Anyavaacutellalati reacuteszveacutenyesekre jutoacute sajaacutet tőke 23 020 24 482 1 462 6Kuumllső tulajdonosok reacuteszesedeacutese 20 226 206 1030Sajaacutet tőke 23 040 24 708 1 668 7

HOSSZUacute LEJAacuteRATUacute KOumlTELEZETTSEacuteGEK

Hosszuacute lejaacuteratuacute hitelek 4 001 3 317 -684 -17

Halasztott adoacutekoumltelezettseacuteg 256 232 -24 -9

Halasztott beveacutetelek 465 433 -32 -7

Egyeacuteb hosszuacute lejaacuteratuacute koumltelezettseacutegek 2 844 2 436 -408 -14

Hosszuacute lejaacuteratuacute koumltelezettseacutegek 7 566 6 418 -1 148 -15

ROumlVID LEJAacuteRATUacute KOumlTELEZETTSEacuteGEK

Roumlvid lejaacuteratuacute hitelek 13 499 14 364 865 6

Szaacutelliacutetoacutek 12 393 15 251 2 858 23

Roumlvid lejaacuteratuacute peacutenzuumlgyi liacutezing koumltelezettseacutegek 73 120 47 64

Egyeacuteb peacutenzuumlgyi koumltelezettseacutegek 153 15 -138 -90

Adoacutekoumltelezettseacuteg 334 1 259 925 277

Halasztott beveacutetelek roumlvid lejaacuteratuacute reacutesze 81 68 -13 -16

Ceacuteltartaleacutekok 249 192 -57 -23

Egyeacuteb roumlvid lejaacuteratuacute koumltelezettseacutegek 1 728 1 733 5 0

Roumlvid lejaacuteratuacute koumltelezettseacutegek 28 510 33 002 4 492 16

KOumlTELEZETTSEacuteGEK OumlSSZESEN 36 076 39 420 3 344 9

FORRAacuteSOK OumlSSZESEN 59 116 64 128 5 012 8

Forraacutes a Taacutersasaacuteg IFRS szerinti konszolidaacutelt 2014 szeptember 30-i eacutes 2015 szeptember 30-i nem auditaacutelt beszaacutemoloacutei




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A Taacutersasaacuteg eszkoumlzaacutellomaacutenya 2015 szeptember 30-aacuten 64 128 ezer euroacute volt ami 5012 ezer euroacuteval mutatott

magasabb eacuterteacuteket a baacutezisidőszak szaacutemainaacutel

A Befektetett eszkoumlzoumlk eacuterteacuteke 2015 szeptember veacutegeacutevel 21 608 ezer euroacutet mutatott ami 234 ezer euroacuteval

alacsonyabb a baacutezisidőszak forduloacutenapi aacutellomaacutenyaacutenaacutel 2014 veacutegeacuten a Taacutersasaacuteg elindiacutetotta a szerbiai uumlvegszoumlvet-

gyaacutertoacute uumlzemegyseacutegeacutet eacutes eszkoumlzpoacutetlaacutesokra eacutes beruhaacutezaacutesokra oumlsszesen 2089 ezer euroacute eacuterteacutekben koumlltoumltt az 2015-ben

A baacuteziseacutevvel valoacute oumlsszehasonliacutetaacutesnaacutel figyelembe kell venni az ukraacuten deviza 2014 eacutes 2015-oumls eacutevi jelentősleeacuterteacutekelődeacuteseacutenek hataacutesaacutet is mely szerint az eszkoumlzoumlk a konszolidaacutecioacutes devizaacutera toumlrteacutenő aacuteteacuterteacutekeleacutesneacutel alacsonyabb

oumlsszeggel keruumlltek a koumlnyvekbe

A Vaacutellalat 2014 utolsoacute negyedeacuteveacuteben jelentősebb meacuterteacutekű strateacutegiai keacuteszletaacutellomaacutenyt halmozott fel melynek egy

reacutesze 2015-ben maacuter eacuterteacutekesiacuteteacutesre keruumllt A magasabb strateacutegiai keacuteszletnek valamint a 2015-ben induloacute szabadkai

uumlvegszoumlvet-gyaacutertaacutes nyersanyag igeacutenyeacutenek tulajdoniacutethatoacutean keacuteszletaacutellomaacutenya 2015 szeptember 30-aacuten 2631 ezer

euroacuteval haladta meg az előző eacutev azonos időszakaacutenak zaacuteroacute aacutellomaacutenyaacutet

A forgalombővuumlleacutesen tuacutel elsősorban a hosszabb fizeteacutesi hataacuteridejű Export eacuterteacutekesiacuteteacutes suacutelyaacutenak noumlvekedeacuteseacutevel 1154

ezer euroacuteval 8-kal noumlvekedett a Vaacutellalat vevőaacutellomaacutenya a 2014-es baacutezissal oumlsszehasonliacutetva

A Taacutersasaacuteg szaacutelliacutetoacuteaacutellomaacutenya a magas keacuteszletszintnek tulajdoniacutethatoacutean 2858 ezer euroacuteval emelkedett miacuteg roumlvid- eacuteshosszuacutelejaacuteratuacute hitelaacutellomaacutenya nagysaacutegrendileg a baacutezisidőszak szintjeacuten zaacutert 2015 szeptember 30-aacuteval

A Csoport peacutenzeszkoumlz aacutellomaacutenya 2015 szeptember 30-aacuten 5120 ezer euroacutet mutatott ami 2591 ezer euroacuteval volt

magasabb a 2014-es eacutev azonos időszakaacutenak zaacuteroacutekeacuteszleteacuteneacutel




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7

Cash-flow banki informaacutecioacute

Adatok ezer euroacuteban 20140930 20150930 Vaacuteltozaacutes Index(A) (B) B-A (BA-1)

UumlZLETI TEVEacuteKENYSEacuteGAdoacutezaacutes előtti eredmeacuteny 2 129 3 683 1 554 73

Eacuterteacutekcsoumlkkeneacutesi leiacuteraacutes eacutes amortizaacutecioacute 1 094 1 080 -14 -1

Elszaacutemolt eacuterteacutekveszteacutes 42 121 79 188Keacuteszletek hiaacutenya eacutes selejtezeacutese 86 28 -58 -67

Ceacuteltartaleacutekok keacutepzeacutese (feloldaacutesa) 73 36 -37 -51

Taacutergyi eszkoumlzoumlk immateriaacutelis javak eacuterteacutekesiacuteteacuteseacutenek(nyereseacutege) veszteseacutege -130 -83 47 -36

Kamatkoumlltseacuteg 531 505 -26 -5

Kamatbeveacutetel -71 -82 -11 15

Taacutersult vaacutellalkozaacutesokboacutel szaacutermazoacute veszteseacuteg -4 -7 -3 75

Nem realizaacutelt aacuterfolyamveszteseacuteg (nyereseacuteg) 175 -220 -226

0

Műkoumldő tőke vaacuteltozaacutesai 0 0 0

Vevőkoumlveteleacutesek aacutellomaacutenyvaacuteltozaacutesa -5 476 -6 597 -1 121 20

Keacuteszletek aacutellomaacutenyvaacuteltozaacutesa -3 718 -1 006 2 712 -73

Egyeacuteb forgoacuteeszkoumlzoumlk aacutellomaacutenyvaacuteltozaacutesa -2 043 330 2 373 -116

Szaacutelliacutetoacutek aacutellomaacutenyvaacuteltozaacutesa 6 513 6 228 -285 -4

Egyeacuteb koumltelezettseacutegek aacutellomaacutenyvaacuteltozaacutesa -635 412 1 047 -165

0

Fizetett nyereseacutegadoacute -24 -46 -22 92

Uumlzleti teveacutekenyseacutegből szaacutermazoacute nettoacute cash flow -1 458 4 382 5 840 -401

BEFEKTETEacuteSI TEVEacuteKENYSEacuteG

Taacutergyi eszkoumlzoumlk immateriaacutelis javak beszerzeacutese -375 -2 089 -1 714 457

Taacutergyi eszkoumlzoumlk immateriaacutelis javak eacuterteacutekesiacuteteacuteseacutebőlszaacutermazoacute joumlvedelem 197 123 -74 -38

Koumllcsoumln visszafizeteacutese 0 0 0 0

Kapott kamat 71 82 11 15

Befekteteacutesi teveacutekenyseacutegből szaacutermazoacute nettoacute cashflow -107 -1 884 -1 777 1661

PEacuteNZUumlGYI TEVEacuteKENYSEacuteGReacuteszveacutenykibocsaacutetaacutes beveacutetele 0 0 0 0

Hitelfelveacutetel 1 995 2 509 514 26

Hiteltoumlrleszteacutes -1 900 -2 336 -436 23

Fizetett kamat -531 -505 26 -5

Peacutenzuumlgyi teveacutekenyseacutegből szaacutermazoacute nettoacute cash flow -436 -332 104 -24

Peacutenzeszkoumlzoumlk noumlvekedeacutese (csoumlkkeneacutese) -2 001 2 166 4 167 -208

Peacutenzeszkoumlzoumlk az eacutev elejeacuten 4 669 3 045 -1 624 -35

Peacutenzeszkoumlzoumlk aacuterfolyam kuumlloumlnboumlzete -139 -91 48 -35

Peacutenzeszkoumlzoumlk az időszak veacutegeacuten 2 529 5 120 2 591 102Forraacutes a Taacutersasaacuteg IFRS szerinti konszolidaacutelt 2014 szeptember 30-i eacutes 2015 szeptember 30-i nem auditaacutelt beszaacutemoloacutei

Az uumlzleti teveacutekenyseacutegből szaacutermazoacute nettoacute peacutenzforgalom 2015 első 9 hoacutenapjaacuteban 4382 euroacute volt szemben a

baacutezisidőszak -1458 euroacutes eacuterteacutekeacutevel A 2015-oumls magasabb adoacutezaacutes előtti eredmeacuteny (1554 ezer euroacute) a baacutezisidőszaknaacutel

alacsonyabb keacuteszlet (2712 ezer euroacute) eacutes magasabb vevőaacutellomaacuteny noumlvekedeacutes (-1121 ezer euroacute) valamint a baacutezisnaacutel

alacsonyabb egyeacuteb forgoacuteeszkoumlz-aacutellomaacuteny noumlvekedeacutese (2373 ezer euroacute) magyaraacutezza a taacutergyeacutev eacutes a baacutezis eacutev koumlzoumltti

kuumlloumlnbseacuteget (5840 ezer euroacute)




983089983094

A befekteteacutesi teveacutekenyseacuteg cash-flow-ja -1884 ezer euroacute volt 2015 januaacuter-szeptember időszakban szemben a baacutezis

időszak -107 ezer euroacutes eacuterteacutekeacutevel A peacutenzuumlgyi teveacutekenyseacuteg nettoacute cash-flow-ja 2015 első 9 hoacutenapjaacuteban (-332 ezer

euroacute) nagysaacutegrendileg megfelel a baacutezis időszakeacutenak (-436 ezer euroacute)

Mindent egybevetve a Csoport peacutenzeszkoumlz aacutellomaacutenya 2015 szeptember veacutegeacutevel 5120 ezer euroacute volt ami 2591 ezer

euroacuteval magasabb a baacutezis időszakeacutenaacutel

Hitelekhez banki teveacutekenyseacuteghez kapcsoloacutedoacute informaacutecioacutek

A Csoport eacuterintett vaacutellalatai 2015 szeptember veacutegeacutevel megfeleltek a banki szerződeacutesekben előiacutert hitelfedezeti

monitoring szabaacutelyoknak melyek alapjaacuten a hoacute veacutegi le nem jaacutert kinnlevőseacuteg eacutes aktiacutev keacuteszletaacutellomaacutenyai az előiacutert

meacuterteacutekben meghaladtaacutek a havi forgoacuteeszkoumlz hitelaacutellomaacutenyait

Lezaacuterult a szabadkai uumlvegszoumlvet-gyaacuter beruhaacutezaacutes első szakasza ahol megtoumlrteacutent a peacutenzuumlgyi elszaacutemolaacutes is - a szerb

kormaacuteny aacutetutalta a beruhaacutezaacutes első faacutezisaacutera jutoacute taacutemogataacutes oumlsszegeacutet

8

Sajaacutet tőke elemeinek vaacuteltozaacutesa (adatok euroacuteban)

Forraacutes a Taacutersasaacuteg IFRS szerinti konszolidaacutelt 2014 december 31-i auditaacutelt eacutes 2015 szeptember 30-i nem auditaacutelt beszaacutemoloacutei

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983089983095

9 Meacuterlegen kiacutevuumlli koumltelezettseacutegek

Ceacuteg neacutev Garancia tiacutepusa Garanciaacuteval fedezett oumlsszeg Peacutenznem Oumlsszeg euroacuteban

Masterplast Nyrt hitelfedezeti MP SK 245 000 EUR 245 000

Masterplast Kft vaacutem 200 000 000 HUF 638 325

Masterplast Kft hitelfedezeti MP UA 680 000 EUR 680 000

Masterfoam Kft vaacutem 10 000 000 HUF 31 916Masterplast YU Doo Vaacutem 15 000 000 RSD 125 261

Masterplast YU Doo Taacutemogataacutes 100 000 EUR 100 000

Oumlsszesen 1 820 502Forraacutes a Taacutersasaacuteg IFRS szerinti konszolidaacutelt 2015 szeptember 30-i nem auditaacutelt beszaacutemoloacuteja valamint a Taacutersasaacuteg vezetői


Meacuterlegen kiacutevuumlli koumltelezettseacutegek peacutenzuumlgyi eacuterteacutekeleacutes szempontjaacuteboacutel jelentőseacuteggel biacuteroacute de a meacuterlegben nem

feltuumlntetett teacutetelek (pl kezesseacutegvaacutellalaacutes garanciavaacutellalaacutes zaacuteloggal kapcsolatos koumltelezettseacutegek stb)

10

A Masterplast sajaacutet gyaacutertoacute kapacitaacutesainak bemutataacutesa

A Csoport szabadkai EPS gyaacuteraacuteban 2015 harmadik negyedeacuteveacuteben a termeleacutes volumene elmaradt a tervektől eacutes 8-kal a tavalyi eacutev azonos időszakaacutetoacutel is Az oumlsszesiacutetett 2015 1-9 havi teljesiacutetmeacuteny is kisseacute elmarad a tervezettől miacuteg a

kibocsaacutetaacutes 4 -kal haladja meg a tavalyi baacutezist

A szabadkai haacuteloacutes-eacutelveacutedő gyaacutertaacutes mind negyedeacuteves mind oumlsszesiacutetett kibocsaacutetaacutesa elmaradt a tervektől ami

elsősorban az EU-s piacok eacutes ukrajnai eladaacutesok visszaszorulaacutesaacutenak tulajdoniacutethatoacute

Szabadkaacuten az uacutej uumlvegszoumlvet gyaacutertoacute egyseacuteg uacutejabb uumlzemreacutesszel bővuumllt amely a 2015 harmadik negyedeacutev utolsoacute

heteiben elkezdte az uumlzemszerű termeleacutest A reacutegi uumlzemreacuteszben folyamatosan keacutet-műszakos munkarendben toumlrteacutent

a termeleacutes a terveknek megfelelő kibocsaacutetaacutessal miacuteg az uacutej uumlzemreacutesz egy-műszakos munkarenddel indult A geacutepek a

terveknek megfelelően műkoumldnek eacutes elkezdte a Vaacutellalat a tovaacutebbi bőviacuteteacutes előkeacuteszuumlleteit

A kaacuteli habfoacutelia uumlzletaacuteg teljesiacutetmeacutenye vegyes keacutepet mutatott 2015-ben Az exporteacuterteacutekesiacuteteacutes tovaacutebbra isvaacuterakozaacutesokon feluumll teljesiacutetett mind a III negyedeacutevet tekintve mind oumlsszesiacutetve miacuteg a belfoumlldi eacuterteacutekesiacuteteacutes

teljesiacutetmeacutenye elmaradt a tervektől eacutes ez a tendencia előrelaacutethatoacutean az utolsoacute negyedeacuteves időszakban is

folytatoacutedhat A Csoporton beluumlli eacuterteacutekesiacuteteacutes is neacutemi visszaeseacutest mutatott negyedeacuteves eacutes oumlsszesiacutetett viszonylatban

2015-ben Mindezeket oumlsszegezve elmondhatoacute hogy a habfoacutelia eacuterteacutekesiacuteteacutes aacuterbeveacutetele kisseacute elmarad a tervektől

annak elleneacutere hogy a kibocsaacutetaacutes volumene noumlvekedett

A kaacuteli uumlvegszoumlvet gyaacutertaacutes kibocsaacutetaacutesa 2015 III negyedeacutevben tovaacutebb emelkedett a negyedeacuteves termeleacutes mind a

baacutezis mind a tervszaacutemokat feluumllteljesiacutetette behozva ezzel a koraacutebbi időszak csekeacutely meacuterteacutekű lemaradaacutesaacutet

A Vaacutellalat sepsiszentgyoumlrgyi EPS gyaacuteraacutenak 2015 III negyedeacuteves eacutes oumlsszesiacutetett kibocsaacutetaacutesa meghaladta a baacutezist eacutes a

vonatkozoacute tervszaacutemokat

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2015 III negyedeacutevben nem toumlrteacutent

11

Teljes munkaidőben foglalkoztatottak szaacutemaacutenak alakulaacutesa (fő)

20140930 20141231 20150930

Taacutersasaacutegnaacutel dolgozoacutek 47 48 45

Csoportszinten alkalmazott 626 610 681Forraacutes a Taacutersasaacuteg vezetői informaacutecioacutes rendszereacuteből szaacutermazoacute nem auditaacutelt adatok




983089983096

12

A negyedeacutev veacutege eacutes a jelen időkoumlzi vezetőseacutegi beszaacutemoloacute publikaacutelaacutesa koumlzti jelentősebb esemeacutenyek

bull 2015 10 21-eacuten a Nemzeti Adoacute- eacutes Vaacutemhivatal (NAV) vizsgaacutelatot indiacutetott a Masterplast Nyrt 100-os

tulajdonaacuteban leacutevő Masterplast Kft-vel szemben A hatoacutesaacutegok megaacutellapiacutetaacutesa szerint a felteacutetelezett visszaeacuteleacutest a

Masterplast vezetőit megteacutevesztve azok tudta beleegyezeacutese eacutes hozzaacutejaacuterulaacutesa neacutelkuumll koumlvetteacutek el A vaacutellalatot

ugyanakkor veacutetlenseacutege elleneacutere is objektiacutev felelősseacuteg terhelheti a felteacutetelezett elkoumlvetők okozta jogtalan aacutefa

visszaigeacutenyleacutes (269379000 forint) eacutes a lehetseacuteges buumlnteteacutesek erejeacuteig Az uumlggyel kapcsolatban a Masterplast

egyeztetett koumlnyvvizsgaacuteloacutejaacuteval eacutes finansziacuterozoacute bankjaival mely alapjaacuten a Vaacutellalatnak tekintettel az uumlgybizonytalan kimeneteacutere nincs ceacuteltartaleacutekolaacutesi koumltelezettseacutege valamint bankjai megerősiacutetetteacutek fennaacutelloacute

hitelkereteacutet A Masterplast eddig eacutes a joumlvőben is minden adatot eacutes informaacutecioacutet aacutetadott illetve aacutetad a NAV eacutes

maacutes hatoacutesaacutegok reacuteszeacutere eacutes biacutezik abban hogy a vizsgaacutelat mineacutel hamarabb lezaacuterul A Masterplast az uumlggyel


haladeacutektalanul koumlzzeacuteteszi a megfelelő helyeken A Vaacutellalat biacutezik benne hogy a vizsgaacutelat mineacutel hamarabb

lezaacuterul




983089983097

13 Meacuterleg bemutataacutesa a 2014 december 31-i aacutellomaacutennyal oumlsszehasonliacutetva


BEFEKTETETT ESZKOumlZOumlKTaacutergyi eszkoumlzoumlk 19 760 20 818 1 058 5


Befekteteacutesek taacutersult vaacutellalkozaacutesokban 27 35 8 30

Halasztott adoacute-eszkoumlzoumlk 647 682 35 5

Egyeacuteb hosszuacute lejaacuteratuacute peacutenzuumlgyi eszkoumlzoumlk 2 0 -2 -100Befektetett eszkoumlzoumlk 20 477 21 608 1 131 6

FORGOacuteESZKOumlZOumlKKeacuteszletek 18 303 19 268 965 5

Vevők 8 880 15 369 6 489 73


Egyeacuteb peacutenzuumlgyi koumlveteleacutesek 566 0 -566 -100

Egyeacuteb forgoacuteeszkoumlzoumlk 2 015 1 906 -109 -5

Peacutenzeszkoumlzoumlk 3 045 5 120 2 075 68



SAJAacuteT TŐKEJegyzett tőke 5 226 5 226 0 0



Anyavaacutellalat reacuteszesedeacutese az eredmeacutenyből 804 3 169 2 365 294

Anyavaacutellalati reacuteszveacutenyesekre jutoacute sajaacutet tőke 21 534 24 482 2 948 14

Kuumllső tulajdonosok reacuteszesedeacutese 95 226 131 138Sajaacutet tőke 21 629 24 708 3 079 14

HOSSZUacute LEJAacuteRATUacute KOumlTELEZETTSEacuteGEKHosszuacute lejaacuteratuacute hitelek 3 509 3 317 -192 -5



Egyeacuteb hosszuacute lejaacuteratuacute koumltelezettseacutegek 2 376 2 436 60 3

Hosszuacute lejaacuteratuacute koumltelezettseacutegek 6 596 6 418 -178 -3

ROumlVID LEJAacuteRATUacute KOumlTELEZETTSEacuteGEKRoumlvid lejaacuteratuacute hitelek 13 999 14 364 365 3


Roumlvid lejaacuteratuacute peacutenzuumlgyi liacutezing koumltelezettseacutegek 187 120 -67 -36


Adoacutekoumltelezettseacuteg 250 1 259 1 009 404

Halasztott beveacutetelek roumlvid lejaacuteratuacute reacutesze 68 68 0 0

Ceacuteltartaleacutekok 156 192 36 23





Forraacutes a Taacutersasaacuteg IFRS szerinti konszolidaacutelt 2014december 31-i auditaacutelt eacutes 2015 szeptember 30-i nem auditaacutelt beszaacutemoloacutei




983090983088

14 Konszolidaacutecioacutes koumlrbe tartozoacute gazdasaacutegi taacutersasaacutegok

Taacutersasaacuteg neveCeacutegbejegyzeacutes

helye Toumlrzstőke DevizaTulajdonihaacutenyad

Szavazatiaraacuteny Teveacutekenyseacuteg

Masterplast Romania SRL Romaacutenia 36 000 RON 100 100 Eacutepiacutetőanyag nagykereskedelem

Masterplast YU Doo Szerbia

192 557 060

RSD 100 100 Eacutepiacutetőanyag nagykereskedelem EPS gyaacutertaacutes

Master Plast Sro Szlovaacutekia 26 555 EUR 100 100 Eacutepiacutetőanyag nagykereskedelem

Masterplast doo Horvaacutetorszaacuteg 20 000 HRK 100 100 Eacutepiacutetőanyag nagykereskedelem

Master Plast Plus Sro Csehorszaacuteg 200 000 CZK 100 100 Eacutepiacutetőanyag nagykereskedelem

Masterplast Bulgaria Eood Bulgaacuteria 1 763 700 BGN 9988 9988 Eacutepiacutetőanyag nagykereskedelem

MasterPlast TOV Ukrajna 27 000 UAH 80 80 Eacutepiacutetőanyag nagykereskedelem

Masterplast Sp zoo Lengyelorszaacuteg 200 000 PLN 8004 8004 Eacutepiacutetőanyag nagykereskedelem

MasterFoam Kft Magyarorszaacuteg 3 000 000 HUF 100 100 Foacutelia gyaacutertaacutes

Foacuteliatex Kft Magyarorszaacuteg 3 000 000 HUF 100 100 Eacutepiacutetőanyag kiskereskedelem

Masterplast OumlsterrechGmBH Ausztria 35 000 EUR 100 100 Eacutepiacutetőanyag nagykereskedelem

Masterplast Kft Magyarorszaacuteg 10 000 000 HUF 100 100 Eacutepiacutetőanyag nagykereskedelem

Masterplast DOO Macedoacutenia 973 255 MKD 10 10 Eacutepiacutetőanyag nagykereskedelem

OOO Masterplast RUS Oroszorszaacuteg 1 000 000 RUB 99 99 Eacutepiacutetőanyag nagykereskedelem

Green MP Invest Ukrajna 33 223 500 UAH 100 100 Vagyonkezelő

Green MP Prom Ukrajna 1 000 901 UAH 100 100 EPS gyaacutertaacutes

Koumlzvetett kapcsolatok Tulajdonos Masterplast YU Doo


Koumlzvetett kapcsolatok Tulajdonos Masterplast Romania SRL

ICS Masterplast ConstructSRL Moldaacutevia 8 250 MDL 100 100 Eacutepiacutetőanyag nagykereskedelem

A csoport taacutersultvaacutellalkozaacutesa

Koumlzvetett kapcsolatTulajdonosok Masterplast YU Doo

Masterplast Doo

Igmin MB DooBosznia-

Hercegovina 2 000 KM 30 30 Eacutepiacutetőanyag nagykereskedelem

Tulajdonosok Masterplast Nyrt

Masterprofil Kft Magyarorszaacuteg 3 000 000 HUF 20 20 Profil gyaacutertaacutes

Forraacutes a Taacutersasaacuteg vezetői informaacutecioacutes rendszereacuteből szaacutermazoacute nem auditaacutelt adatok

A Taacutersasaacuteg konverzioacutes programjaacutenak megfelelően a lengyel uumlgyvezető megvaacutesaacuterolta a lengyel leaacutenyvaacutellalat 499-

os uumlzletreacuteszeacutet 2015 maacutejus 28-aacuteval iacutegy a Vaacutellalat tulajdonreacutesze 8004 -ra vaacuteltozott




983090983089

15 Vezető aacutellaacutesuacute szemeacutelyek eacutes a Kibocsaacutetoacute műkoumldeacuteseacutet befolyaacutesoloacute (strateacutegiai) alkalmazottak

Az Igazgatoacutetanaacutecs tagjai

Neacutev BeosztaacutesMegbiacutezaacutes kezdete

(igazgatoacutesaacutegitagsaacuteg kezdete)

Megbiacutezaacutes veacutegeIgazgatoacutetanaacutecs

Igazgatoacutesaacutegtagkeacutent eltoumlltoumltt idő

Reacuteszveacutenytulajdon

Tibor Daacutevid Igazgatoacutetanaacutecselnoumlke 20080403 20160430 hozzaacutevetőlegesen 7eacutes feacutel eacutev 5 296 752 dbtoumlrzsreacuteszveacuteny

Aacutecs Balaacutezs Igazgatoacutetanaacutecsalelnoumlke

20080403 20160430 hozzaacutevetőlegesen 7eacutes feacutel eacutev

4 096 278 dbtoumlrzsreacuteszveacuteny

Kazaacuter Andraacutes igazgatoacutetanaacutecsi tag 20130424 20160430 hozzaacutevetőlegesen 2eacutes feacutel eacutev

-

Dr Martin HajduGyoumlrgy

igazgatoacutetanaacutecsi tag 20140501 20160430 hozzaacutevetőlegesen 1eacutes feacutel eacutev

-

Dirk Theuns igazgatoacutetanaacutecsi tag 20140501 20160430 hozzaacutevetőlegesen 1eacutes feacutel eacutev

-

A Taacutersasaacuteg felső-vezeteacuteseacutenek adatait az alaacutebbi taacuteblaacutezat mutatja

Neacutev BeosztaacutesJelenlegi

felsővezetőipoziacutecioacutekezdete

Jelenlegifelsővezetői poziacutecioacute

megszűneacutese

Reacuteszveacuteny-tulajdon

(db)

Tibor Daacutevid vezeacuterigazgatoacute 20060929 hataacuterozatlan idejű 5296752Aacutecs Balaacutezs operatiacutev vezeacuterigazgatoacute 20140224 hataacuterozatlan idejű 4096278Csokloacute Gaacutebor gyaacutertaacutesi eacutes műszaki igazgatoacute 20100101 hataacuterozatlan idejű 40000Naacutedasi Roacutebert gazdasaacutegi igazgatoacute 20100802 hataacuterozatlan idejű 33864

Bunford Tivadar deacutel-euroacutepai reacutegioacuteigazgatoacute 20150226 hataacuterozatlan idejű 451987Jancsoacute Illeacutes uumlzletfejleszteacutesi vezető 20150226 hataacuterozatlan idejű -

Aacutecs Balaacutezs operatiacutev vezeacuterigazgatoacutei tisztseacutege mellett a Masterplast Kft uumlgyvezető igazgatoacuteja is A Masterplast YU Doo vezetőjekeacutent a Csoport operatiacutev iraacutenyiacutetaacutesaacuteban vesz reacuteszt koumlzvetlenuumll eacutes koumlzvetetten birtokolt

15

A Taacutersasaacuteg 5 feletti reacuteszesedeacutessel rendelkező reacuteszveacutenyesei

A Taacutersasaacuteg 5 feletti reacuteszesedeacutessel rendelkező reacuteszveacutenyesei a jelenteacutes lezaacuteraacutesnak időpontjaacuteban a bejelenteacutesekalapjaacuten

Neacutev Leteacutetkezelő Mennyiseacuteg (db) Reacuteszesedeacutes ()

Tibor Daacutevid nem 5 296 752 3854

Aacutecs Balaacutezs nem 4 096 278 2981

OTP Alapkezelő Zrt nem 908 727 661

Oumlsszesen 10 301 757 7496




983090983090

17 A sajaacutet tulajdonban leacutevő reacuteszveacutenyek (db) mennyiseacutegeacutenek bemutataacutesa

2015 09 30

Kibocsaacutetoacute tulajdonaacuteban leacutevő 18 460

Leaacutenyvaacutellalatoknaacutel leacutevő 0

Mindoumlsszesen 18 460

18 A Taacutersasaacuteg taacutergyidőszakban megjelent koumlzzeacuteteacutetelei

Megjeleneacutes Taacutergy

20150105 Taacutejeacutekoztataacutes az alaptőke nagysaacutegaacuteroacutel eacutes a szavazati jogok szaacutemaacuteroacutel

20150123 Taacutejeacutekoztataacutes strateacutegiai megaacutellapodaacutesroacutel


20150225 Taacutejeacutekoztataacutes a 2014 eacutev 1-12 hoacutenapjaacutenak gazdaacutelkodaacutesaacuteroacutel

20150227 Taacutejeacutekoztataacutes a menedzsment oumlsszeteacuteteleacutenek kiegeacutesziacuteteacuteseacuteről

20150227 Bennfentes kereskedelem eacutes piacbefolyaacutesolaacutes tilalmaacutenak szabaacutelyzata eacutes iraacutenyelvei


20150326 Koumlzgyűleacutesi meghiacutevoacute20150326 Javadalmazaacutesi nyilatkozat


20150407 Koumlzgyűleacutesi előterjeszteacutesek

20150421 Az Igazgatoacutetanaacutecs előterjeszteacutese az Alapszabaacutely moacutedosiacutetaacutesaacutehoz

20150428 Koumlzgyűleacutesi hataacuterozatok

20150428 Felelős Taacutersasaacutegiraacutenyiacutetaacutesi Jelenteacutes

20150428 Eacuteves jelenteacutes

20150430 Oumlsszefoglaloacute jelenteacutes


20150512 Taacutejeacutekoztataacutes Eacuterteacutekesiacuteteacutesi Ajaacutenlatroacutel

20150513 Időkoumlzi vezetőseacutegi beszaacutemoloacute

20150518 Taacutejeacutekoztataacutes szabadkai gyaacuteregyseacuteg szerb aacutellami taacutemogataacutesaacuteroacutel

20150528 Helyesbiacuteteacutes az MTI tudoacutesiacutetaacutesaacuteval eacutes a Jobbik sajtoacutetaacutejeacutekoztatoacutejaacuten elhangzottakkal kapcsolatban


20150602 Taacutejeacutekoztataacutes aukcioacute időtartamaacuteroacutel

20150603 Taacutejeacutekoztataacutes aukcioacute eredmeacutenyeacuteről

20150616 Taacutejeacutekoztataacutes sajaacutet reacuteszveacuteny vaacutesaacuterlaacutesroacutel

20150617 Taacutejeacutekoztataacutes koumlzgyűleacutesi hataacuterozatok ceacutegbejegyzeacuteseacuteről

20150617 Hataacutelyos Alapszabaacutely











20150813 Feacuteleacuteves jelenteacutes


20150902 Taacutejeacutekoztataacutes munkavaacutellaloacutei eacuterteacutekpapiacuter program kereteacuteben toumlrteacutent reacuteszveacutenyjuttataacutesroacutel


20151022 Nyilvaacutenossaacutegra keruumllt adatokkal szembeni valoacutes teacutenyek koumlzleacutese20151027 Taacutejeacutekoztataacutes NAV vizsgaacutelatroacutel





983090983091

NYILATKOZAT

A MASTERPLAST Nyilvaacutenosan Műkoumldő Reacuteszveacutenytaacutersasaacuteg (8143 Saacuterszentmihaacutely Aacuterpaacuted u 1A a tovaacutebbiakban

bdquoTaacutersasaacutegrdquo) kijelenti hogy a Taacutersasaacuteg aacuteltal keacutesziacutetett időkoumlzi vezetőseacutegi beszaacutemoloacute megbiacutezhatoacute eacutes valoacutes keacutepet ad a

Taacutersasaacuteg eacutes a konszolidaacutecioacuteba bevont vaacutellalkozaacutesai helyzeteacuteről

Saacuterszentmihaacutely 2015 november 11

Tibor Daacutevidvezeacuterigazgatoacute




983090983092

Founded in 1997 the main areas of activity of Masterplast (later Corporation Company Group Company Group)

are production and sales of building industry insulation materials With its headquarters in Hungary the Central and

Eastern European international company group has many subsidiary companies all over the world where it

operates 3 own-property production units The Group is present with its main products thermal insulation system

heat sound and water insulation roofing and dry construction Its international production bases (own and

production under license) ensure that group products reach European markets and markets outside Europe

through subsidiary companies and partners Masterplast considers aspects of sustainability energy efficiency and

environment protection of high importance in its internal processes as well as in production and innovation

SUMMARY

In a generally improving industrial environment the Company has increased its revenue by 3 in the third

quarter and by 4 on cumulative basis Due to the unfavourable changes of the raw material prices and the

FX rates the Grouprsquos trade margin rate has slightly decreased which were partially offset by delivery- andother cost saving measures The enhanced production activity has resulted in an increase of the personnel

costs but the efficiency has improved The Companyrsquos operational result (EBIT) decreased in the third

quarter compared to the prior year and reached the lastrsquos years EBIT level on cumulative basis Itrsquos worth

mentioning that the companyrsquos price setting process based on the hedged FX rates so the decrease in the

operational result is offset by the gain of these positions Its interest expenses moderated the financial

result improved further in the third quarter Overall supported by the Grouprsquos successful hedging strategy

as well the Company recorded 3 285 thousand euro profit after tax in the first three quarter of 2015

exceeding by almost 14 million euro the corresponding result of the prior year and it is predicting a

substantially higher profit result for the whole year of 2015

Data in thousand EUR 2014 Q3 2015 Q3 2014 Q1-Q3 2015 Q1-Q3

Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299

EBITDA ratio 99 81 70 67

Profit loss after tax 1 597 1 496 1 892 3 285

Net income ratio 61 56 31 51

bull On the most relevant Hungarian market the building industry has stagnated while on the Romanian market a

slightly recovery had been experienced in the third quarter of 2015 After the former depressed periods inSerbia the economy and the relevant market is also showing the signs of recovery while the industrial

environment remained unfavorable in Croatia The company met with upward trend in Slovakia and Poland

Thanks to the stabilization of the local currency the Ukrainian market has also recovered however the

competition is gradually getting stronger

bull The second quarterrsquos data - foreshadowing the Chinese and global economy contingent slow-down had

changed the previous rising or rather stagnating trends of raw-material prices The raw-material and energy

prices have begun to decline resulted that current purchases became favorable than in case of the former

procurements and with the Companyrsquos own production-extension the product availability line is getting

gradually more assured Due to these effects the Company has placed its sales focus on decreasing the current

inventory hike which had an impact on the third quarter results too

bull

The sales performance of the company has increased by 3 in Q3 2015 and by 4 cumulatively amounted to65 594 thousand EUR and it is being focused on the bottom line profitability and the company also strived to

moderate the inventory level as well




983090983093

bull Except the bituminous roof coverings (-12) the non-strategic production and other packaging materials (-

37) the turnover increased in all product groups in the third quarter of 2015 The highest growth was

recorded by the dry construction product group ndash supported meaningfully by the own production as well ndash

(13) but the strategic focused roofing foils and roofing accessories product group (8) and the biggest

thermal insulation systems (8) performed also surpassing There was 4 increase in heat sound and water

insulation materials product group and a 2 plus in building industry accessories

bull

Due to the market slow-down the turnover slightly decreased on the biggest Hungarian market (-1) On thesecond largest Romanian market the turnover has increased by 3 while the third important Export market ndash

defined as the main growing platform ndash recorded a 20 increase in Q3 2015 compared to the basis period Due

to the market recovery the turnover increased by 8 in Serbia and by 13 in Ukraine offsetting the fall back

period of the last yearrsquos on year-to-date basis A single fiberglass trade business with a big strategic partner

explains the 47 growth on Polish market in the third quarter The Other marketsrsquo growth (7) was supported

by the good performance of Macedonian Czech and Austrian markets Under unfavourable market conditions

the turnover decreased in Croatia (-9) and also in Slovakia (operating amid ongoing organisation changes)

where - cleared from last yearsrsquo non-strategic one-time businesses - the decrease was -7

bull As a result of the new focus - aimed to reduce remaining inventory level - the trade margin decreased on the

heavy price competed markets (Romania Serbia Ukraine and Poland) while in Hungary and on the Export

markets the margin has improved or stagnated in the third quarter

bull With the focus in sales on the products with lower transportation costs and due to the international oil price

shrink the fuel expenses and the 3rd party delivery costs decreased the insurance and rental costs also

diminished in the third quarter compared to the base

bull The enlarged production activity resulted in higher raw material other material and energy costs in the third

quarter compared to the prior year The output of the fibreglass and Isofoam factory in Kaacutel increased in Q3 as

well as the EPS production in Sfacircntu Gheorghe compared to the base while the production output of the EPS

factory in Subotica was below the expected level and the performance of last yearrsquos same period The Group

has launched the production in its new fiberglass unit in Subotica where the Company is working to increase

the output up to the optimal level

bull

Mainly due to the new production unit the personnel expenditures of the Company increased by 5 in Q3 2015compared to the base period showing also 5 growth on a cumulative basis The Company had 681

employees at the end of September in 2015 - 87 persons from it being employed at the new production unit in

Subotica opened in the end of 2014 - as opposed to the staff level of 626 in Q3 2014

bull There was no significant change in amortization The value of the self-manufactured inventories increased due

to the increased production activity while loss on incomes-expenses has dropped compared to the

correspondent quarter of the prior year

bull As a result the above mentioned acts and circumstances the EBIDTA volume of the Company was a profit of

2168 thousand EUR in Q2 2015 compared to the 2569 thousand EUR of the base period meaning 16 fall on

the operational result Considering the amortization as well the operational result (EBIT) of the first three

quarters in 2015 was 3219 thousand EUR which corresponds to the basis periodrsquos result It must be highlighted

that the Company had taken the foreign exchange rates of the hedge deals into consideration determining thesales prices so the decrease in the operational result had been offset by these gains being stated on the

financial items in its books

bull As a result of the more favourable interest environment the paid sum of interests decreased due to favourable

exchange rates and hedging position the financial result improved in the third quarter which was a loss of 3

thousand EUR compared to the loss of 254 thousand EUR in the corresponding quarter of the prior year

Cumulatively ndash thanks to the Groups successful hedging strategy too- the financial result of the Company was a

profit of 457 thousand EUR in 2015 compared to the loss of 1101 thousand EUR of corresponding period in

2014

bull The Companyrsquos profit after tax was a profit of 1496 thousand EUR in Q3 2015 as opposed to the 1597 thousand

EUR profit of the base period In the first three quarter of the year the Company generated 3285 thousand EUR

(51) profit after tax as opposed to the profit of 1891 thousand EUR of 2014 (31) which corresponds to a

nearly 14 million EUR improvement




983090983094

bull On 30 September 2015 the inventory level of the Company was higher by 2631 thousand EUR - as a result of the

year end strategic inventory purchase - while its trade accounts receivables increased by 8 compared to the

previous year due to bigger proportion of Export customers with longer terms of payment

bull There was no change in the suspended EPS and adhesive production investment in Ukraine in the first three

quarters of 2015

bull An investigation has been launched against Masterplast Kft ndash 100 owned by Masterplast Nyrt Despite its

guiltless the Company might have an objective responsibility for reimbursing the value of wrongly returnedVAT (269379000 HUF) and the amount of the possible penalty The Company due to its uncertainty has no

obligation to build provision associated to this affair and its financial banks confirmed the Companyrsquos credit

lines Masterplast fully collaborates with the authorities and is going to publish all information forthwith

complying with the regulations of the stock exchange and other law The Company is relying on that the

investigation will be terminated on short term

bull The Company keeps focusing on the profitability within its sales policy and strives to strengthen its positions in

the strategic product groups in line with its opening production capacities might be supported by the more

favorable industrial environment The Company strives to decrease its stock level which ndash besides the growth

of operational income - will temporary have negative impact on its EBIT ratio Considering its current positions

attributed to a more conscious hedging strategy can result in a significantly favorable profit after tax in 2015

than last year




983090983095

Financial tables

Sales by countries (in 1000 EUR)2014

Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5

Total sales revenue 26 045 26 875 3 61 952 64 594 4

Contribution of countries in percentage to the total sales revenue

Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6

Total sales revenue 100 100 100 100

Sales by main product groups (in 1000 EUR)2014

Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Thermal insulation systems and its elements 11 904 12 890 8 27 932 29 293 5

Roofing foils and accessories 3 880 4 193 8 8 607 9 494 10

Bituminous roof covering and shingle coverings 1 090 960 -12 2 752 2 315 -16

Dry construction prdoucts 1 823 2 059 13 5 117 5 540 8

Heat sound and water insulation materials 4 212 4 376 4 10 371 10 882 5

Building industry accessories 1 086 1 104 2 2 822 2 872 2

Production and other packaging materials 2 049 1 293 -37 4 350 4 198 -3


Contribution of product groups in percentage to the total salesrevenue

Thermal insulation systems and its elements 46 48 45 45

Roofing foils and accessories 15 16 14 15

Bituminous roof covering and shingle coverings 4 4 4 4

Dry construction and products 7 8 8 9

Heat sound and water insulation materials 16 16 17 17

Building industry accessories 4 4 5 4

Production and other packaging materials 8 5 7 6


Source consolidated non-audited report of the Company on 30th

of September 2014 and 30th

of September 2015 according to IFRS and non-auditeddata from the Companyrsquos management information system




983090983096

Profit and loss account (in 1000 EUR) 2014 Q3 2015 Q3 Change Index 2014 Q3 YTD 2015 Q3 YTD Change Index

(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0

Cost of materials and services -21 462 -22 815 -1 353 6 -51 891 -54 680 -2 789 5

Payroll costs and contributions -1 861 -1 963 -102 5 -5 573 -5 845 -272 5

Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1

Change in self-manufactured inventories -22 159 181 0 24 432 408 0

Other operating revenues and expenses -131 -88 43 -33 -191 -202 -11 6

EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1

EBIDTA ratio 99 81 70 67

PROFITLOSS OF BUSINESS ACTIVITY (EBIT) 2 200 1 812 -388 -18 3 227 3 219 -8 0

00 00 0 0

Interest revenues 30 26 -4 -13 71 82 11 15

Interest expenses -174 -153 21 -12 -531 -505 26 -5

Other financial revenues and expenses -110 124 234 -213 -641 880 1 521 -237

FINANCIAL PROFITLOSS -254 -3 251 -99 -1 101 457 1 558 -142

Profitloss from associations 3 6 3 100 4 7 3 75

Profitloss before income tax 1 949 1 815 -134 -7 2 130 3 683 1 553 73

Taxes -352 -319 33 -9 -238 -398 -160 67

Profitloss after taxation 1 597 1 496 -101 -6 1 892 3 285 1 393 74

Profit attributable to the owners of the parent 1 569 1 423 -146 -9 1 910 3 169 1 259 66

Profit attributable to the minority 28 73 45 161 -18 116 134 -744

Profitloss per stock (EUR) 011 010 014 023Source consolidated non-audited report of the Company on 30th of September 2014 and non-audited report on 30th of September




983090983097

Balance Sheet (in 1000 EUR) 31 12 2014 30 09 2015 Change Index

(A) (B) B-A (BA-1)

FIXED ASSETS

Land buildings and equipments 19 760 20 818 1 058 5

Intangible assets 41 73 32 78

Shares in related companies 27 35 8 30

Deferred tax assets 647 682 35 5Other long-term financial assets 2 0 -2 -100

Total fixed assets 20 477 21 608 1 131 6

CURRENT ASSETS

Inventories 18 303 19 268 965 5

Trade accounts receivable 8 880 15 369 6 489 73

Tax receivables 507 857 350 69

Other financial receivables 566 0 -566 -100

Other current assets 2 015 1 906 -109 -5

Liquid assets 3 045 5 120 2 075 68

Total current assets 33 316 42 520 9 204 28

TOTAL ASSETS 53 793 64 128 10 335 19

CAPITAL AND RESERVES

Subscribed capital 5 226 5 226 0 0

Reserves 15 527 16 117 590 4

Repurchased shares -23 -30 -7 30

Parent share of interests 804 3 169 2 365 294

Equity attributable to the owners of the parent 21 534 24 482 2 948 14

Minority interests 95 226 131 138Total capital and reserves 21 629 24 708 3 079 14

LONG-TERM LIABILITIES

Long- term loans 3 509 3 317 -192 -5

Deferred tax liabilities 246 232 -14 -6

Deferred income 465 433 -32 -7

Other long-term liabilities 2 376 2 436 60 3

Total long-term liabilities 6 596 6 418 -178 -3

SHORT-TERM LIABILITIES

Short-term loans 13 999 14 364 365 3

Trade accounts payable 9 022 15 251 6 229 69

Short-term leasing liabilities 187 120 -67 -36

Other financial liabilities 162 15 -147 -91

Tax liabilities 250 1 259 1 009 404

Short-term deferred income 68 68 0 0

Provisions 156 192 36 23

Other short-term liabilities 1 724 1 733 9 1

Total short-term liabilities 25 568 33 002 7 434 29

TOTAL LIABILITIES 32 164 39 420 7 256 23

TOTAL CAPITAL AND LIABILITIES 53 793 64 128 10 335 19Source consolidated audited report of the Company on 31st of December 2014 and non-audited on report 30th of September 2015






983089

A MASTERPLAST NYRT Időkoumlzi vezetőseacutegi beszaacutemoloacuteja2015 november 11

nem auditaacutelt konszolidaacuteltkeacuteszuumllt a Nemzetkoumlzi Peacutenzuumlgyi Jelenteacuteskeacutesziacuteteacutesi Szabvaacutenyok (IFRS) szerint




983090








1














EBITDA 2 569 2 168 4 321 4 299























983091

















bull















keacutepest





















983092





















983093









































Szlovaacutekia 185 62 -09 -60 165 321





983094



neacute2015 III


2014 I-III

neacute2015 I-III


(A) (B) (BA-1) (A) (B) (BA-1)








































983095















neacute2015 III


2014 I-III

neacute2015 I-III


(A) (B) (BA-1) (A) (B) (BA-1)



Romaacutenia 4 120 4 254 3 9 595 10 009 4

Szerbia 2 956 3 179 8 7 083 7 457 5


Ukrajna 2 839 3 202 13 5 923 5 782 -2

Szlovaacutekia 2 627 1 600 -39 5 363 3 999 -25


Export 2 855 3 415 20 7 034 8 906 27

Egyeacuteb 1 472 1 571 7 3 826 3 641 -5





Szerbia 11 12 11 12


Ukrajna 11 12 10 9



Export 11 13 11 14

Egyeacuteb 6 6 6 6









983096












is



































983097































983089983088





(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)





EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1

























983089983089










































983089983090

































983089983091






(A) (B) B-A (BA-1)









Keacuteszletek 16 637 19 268 2 631 16

Vevők 14 215 15 369 1 154 8





SAJAacuteT TŐKE




























983089983092




















983089983093

7












0







0


























983089983094












8



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983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983091983096 983091983089983096 983095983094983093 983093983090983092

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983089983094 983096983090983095 983085983089 983095983093983097 983096983097983090

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983265983156983158983141983162983141983156983273983155983141 983089 983089983096983089 983096983090983095 983089 983089983096983089 983096983090983095 983085983089 983089983096983089 983096983090983095 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983092983092983090 983085983092983092983090 983085983092983092983090

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983093 983091983088983094 983093983088983089 983093 983096983088983095 983093 983096983088983095 983096 983094983088983088 983089983092 983092983088983095

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095

983090983088983089983092983140983141983139983141983149983138983141983154 983091983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983090983088983089983093983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983091 983089983094983097 983088983095983093 983091 983089983094983097 983088983095983093 983089983089983094 983091983089983094 983091 983090983096983093 983091983097983089

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983097 983093983096983089 983085983090983093983095 983090983096983091

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983096983088983091 983096983092983090 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983095 983088983091983089 983085983095 983088983091983089 983085983095 983088983091983089

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983085983094 983091983091983095 983085983095983088 983085983094 983092983088983095 983085983094 983092983088983095 983093 983093983094983090 983085983096983092983093

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088 983088 983088 983088

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983115983292983148983155ő 983156983157983148983137983146983085

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983105983150983161983137983158983265983148983148983137983085

983148983137983156983145 983154983273983155983162983141983155983141983085983140983273983155 983137983162 983141983154983141983140983085

983149983273983150983161983138ő983148

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983089983095












10





















11


20140930 20141231 20150930






983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983090








1














EBITDA 2 569 2 168 4 321 4 299























983091

















bull















keacutepest





















983092





















983093









































Szlovaacutekia 185 62 -09 -60 165 321





983094



neacute2015 III


2014 I-III

neacute2015 I-III


(A) (B) (BA-1) (A) (B) (BA-1)








































983095















neacute2015 III


2014 I-III

neacute2015 I-III


(A) (B) (BA-1) (A) (B) (BA-1)



Romaacutenia 4 120 4 254 3 9 595 10 009 4

Szerbia 2 956 3 179 8 7 083 7 457 5


Ukrajna 2 839 3 202 13 5 923 5 782 -2

Szlovaacutekia 2 627 1 600 -39 5 363 3 999 -25


Export 2 855 3 415 20 7 034 8 906 27

Egyeacuteb 1 472 1 571 7 3 826 3 641 -5





Szerbia 11 12 11 12


Ukrajna 11 12 10 9



Export 11 13 11 14

Egyeacuteb 6 6 6 6









983096












is



































983097































983089983088





(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)





EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1

























983089983089










































983089983090

































983089983091






(A) (B) B-A (BA-1)









Keacuteszletek 16 637 19 268 2 631 16

Vevők 14 215 15 369 1 154 8





SAJAacuteT TŐKE




























983089983092




















983089983093

7












0







0


























983089983094












8



983090983088983089983092983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983093983092983097 983094 983093983095983091 983091983091983092 983089983093 983092983093983091 983096983093983096 983085983093 983093983095983093 983097983088983090 983089983094 983092983093983089 983090983097983088 983089 983089983096983089 983096983090983095 983090983090 983096983091983094 983097983093983096 983089983088983095 983093983088983094 983090983090 983097983092983092 983092983094983092

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983091983096 983091983089983096 983095983094983093 983093983090983092

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983089983094 983096983090983095 983085983089 983095983093983097 983096983097983090

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983089 983089983096983089 983096983090983095 983089 983089983096983089 983096983090983095 983085983089 983089983096983089 983096983090983095 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983092983092983090 983085983092983092983090 983085983092983092983090

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983093 983091983088983094 983093983088983089 983093 983096983088983095 983093 983096983088983095 983096 983094983088983088 983089983092 983092983088983095

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095

983090983088983089983092983140983141983139983141983149983138983141983154 983091983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983090983088983089983093983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983091 983089983094983097 983088983095983093 983091 983089983094983097 983088983095983093 983089983089983094 983091983089983094 983091 983090983096983093 983091983097983089

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983097 983093983096983089 983085983090983093983095 983090983096983091

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983096983088983091 983096983092983090 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983095 983088983091983089 983085983095 983088983091983089 983085983095 983088983091983089

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983085983094 983091983091983095 983085983095983088 983085983094 983092983088983095 983085983094 983092983088983095 983093 983093983094983090 983085983096983092983093

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091

983090983088983089983093983155983162983141983152983156983141983149983138983141983154 983091983088 983093 983090983090983094 983091983097983089 983085983091983088 983088983090983090 983094 983090983097983095 983097983097983088 983089983095 983092983091983096 983092983097983094 983085983095 983094983089983097 983088983093983092 983089983094 983089983089983095 983092983091983090 983091 983089983094983097 983088983095983093 983090983092 983092983096983090 983096983095983094 983090983090983094 983088983095983092 983090983092 983095983088983096 983097983093983088

983115983292983148983155ő 983156983157983148983137983146983085

983140983151983150983151983155983151983147983154983273983155983162983141983155983141983140983273983085

983155983141

983123983137983146983265983156 983156ő983147983141983286983155983155983162983141983155983141983150983109983154983141983140983149983273983150983161983085983156983137983154983156983137983148983273983147 983233983156983158983265983148983156983265983155983145983156983137983154983156983137983148983273983147 983124983137983154983156983137983148983273983147983151983147983286983155983155983162983141983155983141983150

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145 983154983273983155983162983141983155983141983085983140983273983155 983137983162 983141983154983141983140983085

983149983273983150983161983138ő983148

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145

983154983273983155983162983158983273983150983161983141983085983155983141983147983154983141 983146983157983156983283

983155983137983146983265983156 983156ő983147983141

983114983141983143983161983162983141983156983156983156ő983147983141 983123983137983146983265983156983154983273983155983162983158983273983150983161983141983147 983124ő983147983141983156983137983154983156983137983148983273983147




983089983095












10





















11


20140930 20141231 20150930






983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983091

















bull















keacutepest





















983092





















983093









































Szlovaacutekia 185 62 -09 -60 165 321





983094



neacute2015 III


2014 I-III

neacute2015 I-III


(A) (B) (BA-1) (A) (B) (BA-1)








































983095















neacute2015 III


2014 I-III

neacute2015 I-III


(A) (B) (BA-1) (A) (B) (BA-1)



Romaacutenia 4 120 4 254 3 9 595 10 009 4

Szerbia 2 956 3 179 8 7 083 7 457 5


Ukrajna 2 839 3 202 13 5 923 5 782 -2

Szlovaacutekia 2 627 1 600 -39 5 363 3 999 -25


Export 2 855 3 415 20 7 034 8 906 27

Egyeacuteb 1 472 1 571 7 3 826 3 641 -5





Szerbia 11 12 11 12


Ukrajna 11 12 10 9



Export 11 13 11 14

Egyeacuteb 6 6 6 6









983096












is



































983097































983089983088





(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)





EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1

























983089983089










































983089983090

































983089983091






(A) (B) B-A (BA-1)









Keacuteszletek 16 637 19 268 2 631 16

Vevők 14 215 15 369 1 154 8





SAJAacuteT TŐKE




























983089983092




















983089983093

7












0







0


























983089983094












8



983090983088983089983092983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983093983092983097 983094 983093983095983091 983091983091983092 983089983093 983092983093983091 983096983093983096 983085983093 983093983095983093 983097983088983090 983089983094 983092983093983089 983090983097983088 983089 983089983096983089 983096983090983095 983090983090 983096983091983094 983097983093983096 983089983088983095 983093983088983094 983090983090 983097983092983092 983092983094983092

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983091983096 983091983089983096 983095983094983093 983093983090983092

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983089983094 983096983090983095 983085983089 983095983093983097 983096983097983090

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983089 983089983096983089 983096983090983095 983089 983089983096983089 983096983090983095 983085983089 983089983096983089 983096983090983095 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983092983092983090 983085983092983092983090 983085983092983092983090

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983093 983091983088983094 983093983088983089 983093 983096983088983095 983093 983096983088983095 983096 983094983088983088 983089983092 983092983088983095

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095

983090983088983089983092983140983141983139983141983149983138983141983154 983091983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983090983088983089983093983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983091 983089983094983097 983088983095983093 983091 983089983094983097 983088983095983093 983089983089983094 983091983089983094 983091 983090983096983093 983091983097983089

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983097 983093983096983089 983085983090983093983095 983090983096983091

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983096983088983091 983096983092983090 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983095 983088983091983089 983085983095 983088983091983089 983085983095 983088983091983089

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983085983094 983091983091983095 983085983095983088 983085983094 983092983088983095 983085983094 983092983088983095 983093 983093983094983090 983085983096983092983093

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091

983090983088983089983093983155983162983141983152983156983141983149983138983141983154 983091983088 983093 983090983090983094 983091983097983089 983085983091983088 983088983090983090 983094 983090983097983095 983097983097983088 983089983095 983092983091983096 983092983097983094 983085983095 983094983089983097 983088983093983092 983089983094 983089983089983095 983092983091983090 983091 983089983094983097 983088983095983093 983090983092 983092983096983090 983096983095983094 983090983090983094 983088983095983092 983090983092 983095983088983096 983097983093983088

983115983292983148983155ő 983156983157983148983137983146983085

983140983151983150983151983155983151983147983154983273983155983162983141983155983141983140983273983085

983155983141

983123983137983146983265983156 983156ő983147983141983286983155983155983162983141983155983141983150983109983154983141983140983149983273983150983161983085983156983137983154983156983137983148983273983147 983233983156983158983265983148983156983265983155983145983156983137983154983156983137983148983273983147 983124983137983154983156983137983148983273983147983151983147983286983155983155983162983141983155983141983150

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145 983154983273983155983162983141983155983141983085983140983273983155 983137983162 983141983154983141983140983085

983149983273983150983161983138ő983148

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145

983154983273983155983162983158983273983150983161983141983085983155983141983147983154983141 983146983157983156983283

983155983137983146983265983156 983156ő983147983141

983114983141983143983161983162983141983156983156983156ő983147983141 983123983137983146983265983156983154983273983155983162983158983273983150983161983141983147 983124ő983147983141983156983137983154983156983137983148983273983147




983089983095












10





















11


20140930 20141231 20150930






983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983092





















983093









































Szlovaacutekia 185 62 -09 -60 165 321





983094



neacute2015 III


2014 I-III

neacute2015 I-III


(A) (B) (BA-1) (A) (B) (BA-1)








































983095















neacute2015 III


2014 I-III

neacute2015 I-III


(A) (B) (BA-1) (A) (B) (BA-1)



Romaacutenia 4 120 4 254 3 9 595 10 009 4

Szerbia 2 956 3 179 8 7 083 7 457 5


Ukrajna 2 839 3 202 13 5 923 5 782 -2

Szlovaacutekia 2 627 1 600 -39 5 363 3 999 -25


Export 2 855 3 415 20 7 034 8 906 27

Egyeacuteb 1 472 1 571 7 3 826 3 641 -5





Szerbia 11 12 11 12


Ukrajna 11 12 10 9



Export 11 13 11 14

Egyeacuteb 6 6 6 6









983096












is



































983097































983089983088





(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)





EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1

























983089983089










































983089983090

































983089983091






(A) (B) B-A (BA-1)









Keacuteszletek 16 637 19 268 2 631 16

Vevők 14 215 15 369 1 154 8





SAJAacuteT TŐKE




























983089983092




















983089983093

7












0







0


























983089983094












8



983090983088983089983092983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983093983092983097 983094 983093983095983091 983091983091983092 983089983093 983092983093983091 983096983093983096 983085983093 983093983095983093 983097983088983090 983089983094 983092983093983089 983090983097983088 983089 983089983096983089 983096983090983095 983090983090 983096983091983094 983097983093983096 983089983088983095 983093983088983094 983090983090 983097983092983092 983092983094983092

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983091983096 983091983089983096 983095983094983093 983093983090983092

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983089983094 983096983090983095 983085983089 983095983093983097 983096983097983090

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983089 983089983096983089 983096983090983095 983089 983089983096983089 983096983090983095 983085983089 983089983096983089 983096983090983095 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983092983092983090 983085983092983092983090 983085983092983092983090

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983093 983091983088983094 983093983088983089 983093 983096983088983095 983093 983096983088983095 983096 983094983088983088 983089983092 983092983088983095

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095

983090983088983089983092983140983141983139983141983149983138983141983154 983091983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983090983088983089983093983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983091 983089983094983097 983088983095983093 983091 983089983094983097 983088983095983093 983089983089983094 983091983089983094 983091 983090983096983093 983091983097983089

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983097 983093983096983089 983085983090983093983095 983090983096983091

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983096983088983091 983096983092983090 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983095 983088983091983089 983085983095 983088983091983089 983085983095 983088983091983089

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983085983094 983091983091983095 983085983095983088 983085983094 983092983088983095 983085983094 983092983088983095 983093 983093983094983090 983085983096983092983093

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091

983090983088983089983093983155983162983141983152983156983141983149983138983141983154 983091983088 983093 983090983090983094 983091983097983089 983085983091983088 983088983090983090 983094 983090983097983095 983097983097983088 983089983095 983092983091983096 983092983097983094 983085983095 983094983089983097 983088983093983092 983089983094 983089983089983095 983092983091983090 983091 983089983094983097 983088983095983093 983090983092 983092983096983090 983096983095983094 983090983090983094 983088983095983092 983090983092 983095983088983096 983097983093983088

983115983292983148983155ő 983156983157983148983137983146983085

983140983151983150983151983155983151983147983154983273983155983162983141983155983141983140983273983085

983155983141

983123983137983146983265983156 983156ő983147983141983286983155983155983162983141983155983141983150983109983154983141983140983149983273983150983161983085983156983137983154983156983137983148983273983147 983233983156983158983265983148983156983265983155983145983156983137983154983156983137983148983273983147 983124983137983154983156983137983148983273983147983151983147983286983155983155983162983141983155983141983150

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145 983154983273983155983162983141983155983141983085983140983273983155 983137983162 983141983154983141983140983085

983149983273983150983161983138ő983148

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145

983154983273983155983162983158983273983150983161983141983085983155983141983147983154983141 983146983157983156983283

983155983137983146983265983156 983156ő983147983141

983114983141983143983161983162983141983156983156983156ő983147983141 983123983137983146983265983156983154983273983155983162983158983273983150983161983141983147 983124ő983147983141983156983137983154983156983137983148983273983147




983089983095












10





















11


20140930 20141231 20150930






983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983093









































Szlovaacutekia 185 62 -09 -60 165 321





983094



neacute2015 III


2014 I-III

neacute2015 I-III


(A) (B) (BA-1) (A) (B) (BA-1)








































983095















neacute2015 III


2014 I-III

neacute2015 I-III


(A) (B) (BA-1) (A) (B) (BA-1)



Romaacutenia 4 120 4 254 3 9 595 10 009 4

Szerbia 2 956 3 179 8 7 083 7 457 5


Ukrajna 2 839 3 202 13 5 923 5 782 -2

Szlovaacutekia 2 627 1 600 -39 5 363 3 999 -25


Export 2 855 3 415 20 7 034 8 906 27

Egyeacuteb 1 472 1 571 7 3 826 3 641 -5





Szerbia 11 12 11 12


Ukrajna 11 12 10 9



Export 11 13 11 14

Egyeacuteb 6 6 6 6









983096












is



































983097































983089983088





(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)





EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1

























983089983089










































983089983090

































983089983091






(A) (B) B-A (BA-1)









Keacuteszletek 16 637 19 268 2 631 16

Vevők 14 215 15 369 1 154 8





SAJAacuteT TŐKE




























983089983092




















983089983093

7












0







0


























983089983094












8



983090983088983089983092983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983093983092983097 983094 983093983095983091 983091983091983092 983089983093 983092983093983091 983096983093983096 983085983093 983093983095983093 983097983088983090 983089983094 983092983093983089 983090983097983088 983089 983089983096983089 983096983090983095 983090983090 983096983091983094 983097983093983096 983089983088983095 983093983088983094 983090983090 983097983092983092 983092983094983092

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983091983096 983091983089983096 983095983094983093 983093983090983092

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983089983094 983096983090983095 983085983089 983095983093983097 983096983097983090

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983089 983089983096983089 983096983090983095 983089 983089983096983089 983096983090983095 983085983089 983089983096983089 983096983090983095 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983092983092983090 983085983092983092983090 983085983092983092983090

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983093 983091983088983094 983093983088983089 983093 983096983088983095 983093 983096983088983095 983096 983094983088983088 983089983092 983092983088983095

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095

983090983088983089983092983140983141983139983141983149983138983141983154 983091983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983090983088983089983093983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983091 983089983094983097 983088983095983093 983091 983089983094983097 983088983095983093 983089983089983094 983091983089983094 983091 983090983096983093 983091983097983089

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983097 983093983096983089 983085983090983093983095 983090983096983091

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983096983088983091 983096983092983090 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983095 983088983091983089 983085983095 983088983091983089 983085983095 983088983091983089

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983085983094 983091983091983095 983085983095983088 983085983094 983092983088983095 983085983094 983092983088983095 983093 983093983094983090 983085983096983092983093

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091

983090983088983089983093983155983162983141983152983156983141983149983138983141983154 983091983088 983093 983090983090983094 983091983097983089 983085983091983088 983088983090983090 983094 983090983097983095 983097983097983088 983089983095 983092983091983096 983092983097983094 983085983095 983094983089983097 983088983093983092 983089983094 983089983089983095 983092983091983090 983091 983089983094983097 983088983095983093 983090983092 983092983096983090 983096983095983094 983090983090983094 983088983095983092 983090983092 983095983088983096 983097983093983088

983115983292983148983155ő 983156983157983148983137983146983085

983140983151983150983151983155983151983147983154983273983155983162983141983155983141983140983273983085

983155983141

983123983137983146983265983156 983156ő983147983141983286983155983155983162983141983155983141983150983109983154983141983140983149983273983150983161983085983156983137983154983156983137983148983273983147 983233983156983158983265983148983156983265983155983145983156983137983154983156983137983148983273983147 983124983137983154983156983137983148983273983147983151983147983286983155983155983162983141983155983141983150

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145 983154983273983155983162983141983155983141983085983140983273983155 983137983162 983141983154983141983140983085

983149983273983150983161983138ő983148

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145

983154983273983155983162983158983273983150983161983141983085983155983141983147983154983141 983146983157983156983283

983155983137983146983265983156 983156ő983147983141

983114983141983143983161983162983141983156983156983156ő983147983141 983123983137983146983265983156983154983273983155983162983158983273983150983161983141983147 983124ő983147983141983156983137983154983156983137983148983273983147




983089983095












10





















11


20140930 20141231 20150930






983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983094



neacute2015 III


2014 I-III

neacute2015 I-III


(A) (B) (BA-1) (A) (B) (BA-1)








































983095















neacute2015 III


2014 I-III

neacute2015 I-III


(A) (B) (BA-1) (A) (B) (BA-1)



Romaacutenia 4 120 4 254 3 9 595 10 009 4

Szerbia 2 956 3 179 8 7 083 7 457 5


Ukrajna 2 839 3 202 13 5 923 5 782 -2

Szlovaacutekia 2 627 1 600 -39 5 363 3 999 -25


Export 2 855 3 415 20 7 034 8 906 27

Egyeacuteb 1 472 1 571 7 3 826 3 641 -5





Szerbia 11 12 11 12


Ukrajna 11 12 10 9



Export 11 13 11 14

Egyeacuteb 6 6 6 6









983096












is



































983097































983089983088





(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)





EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1

























983089983089










































983089983090

































983089983091






(A) (B) B-A (BA-1)









Keacuteszletek 16 637 19 268 2 631 16

Vevők 14 215 15 369 1 154 8





SAJAacuteT TŐKE




























983089983092




















983089983093

7












0







0


























983089983094












8



983090983088983089983092983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983093983092983097 983094 983093983095983091 983091983091983092 983089983093 983092983093983091 983096983093983096 983085983093 983093983095983093 983097983088983090 983089983094 983092983093983089 983090983097983088 983089 983089983096983089 983096983090983095 983090983090 983096983091983094 983097983093983096 983089983088983095 983093983088983094 983090983090 983097983092983092 983092983094983092

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983091983096 983091983089983096 983095983094983093 983093983090983092

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983089983094 983096983090983095 983085983089 983095983093983097 983096983097983090

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983089 983089983096983089 983096983090983095 983089 983089983096983089 983096983090983095 983085983089 983089983096983089 983096983090983095 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983092983092983090 983085983092983092983090 983085983092983092983090

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983093 983091983088983094 983093983088983089 983093 983096983088983095 983093 983096983088983095 983096 983094983088983088 983089983092 983092983088983095

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095

983090983088983089983092983140983141983139983141983149983138983141983154 983091983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983090983088983089983093983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983091 983089983094983097 983088983095983093 983091 983089983094983097 983088983095983093 983089983089983094 983091983089983094 983091 983090983096983093 983091983097983089

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983097 983093983096983089 983085983090983093983095 983090983096983091

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983096983088983091 983096983092983090 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983095 983088983091983089 983085983095 983088983091983089 983085983095 983088983091983089

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983085983094 983091983091983095 983085983095983088 983085983094 983092983088983095 983085983094 983092983088983095 983093 983093983094983090 983085983096983092983093

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091

983090983088983089983093983155983162983141983152983156983141983149983138983141983154 983091983088 983093 983090983090983094 983091983097983089 983085983091983088 983088983090983090 983094 983090983097983095 983097983097983088 983089983095 983092983091983096 983092983097983094 983085983095 983094983089983097 983088983093983092 983089983094 983089983089983095 983092983091983090 983091 983089983094983097 983088983095983093 983090983092 983092983096983090 983096983095983094 983090983090983094 983088983095983092 983090983092 983095983088983096 983097983093983088

983115983292983148983155ő 983156983157983148983137983146983085

983140983151983150983151983155983151983147983154983273983155983162983141983155983141983140983273983085

983155983141

983123983137983146983265983156 983156ő983147983141983286983155983155983162983141983155983141983150983109983154983141983140983149983273983150983161983085983156983137983154983156983137983148983273983147 983233983156983158983265983148983156983265983155983145983156983137983154983156983137983148983273983147 983124983137983154983156983137983148983273983147983151983147983286983155983155983162983141983155983141983150

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145 983154983273983155983162983141983155983141983085983140983273983155 983137983162 983141983154983141983140983085

983149983273983150983161983138ő983148

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145

983154983273983155983162983158983273983150983161983141983085983155983141983147983154983141 983146983157983156983283

983155983137983146983265983156 983156ő983147983141

983114983141983143983161983162983141983156983156983156ő983147983141 983123983137983146983265983156983154983273983155983162983158983273983150983161983141983147 983124ő983147983141983156983137983154983156983137983148983273983147




983089983095












10





















11


20140930 20141231 20150930






983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983095















neacute2015 III


2014 I-III

neacute2015 I-III


(A) (B) (BA-1) (A) (B) (BA-1)



Romaacutenia 4 120 4 254 3 9 595 10 009 4

Szerbia 2 956 3 179 8 7 083 7 457 5


Ukrajna 2 839 3 202 13 5 923 5 782 -2

Szlovaacutekia 2 627 1 600 -39 5 363 3 999 -25


Export 2 855 3 415 20 7 034 8 906 27

Egyeacuteb 1 472 1 571 7 3 826 3 641 -5





Szerbia 11 12 11 12


Ukrajna 11 12 10 9



Export 11 13 11 14

Egyeacuteb 6 6 6 6









983096












is



































983097































983089983088





(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)





EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1

























983089983089










































983089983090

































983089983091






(A) (B) B-A (BA-1)









Keacuteszletek 16 637 19 268 2 631 16

Vevők 14 215 15 369 1 154 8





SAJAacuteT TŐKE




























983089983092




















983089983093

7












0







0


























983089983094












8



983090983088983089983092983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983093983092983097 983094 983093983095983091 983091983091983092 983089983093 983092983093983091 983096983093983096 983085983093 983093983095983093 983097983088983090 983089983094 983092983093983089 983090983097983088 983089 983089983096983089 983096983090983095 983090983090 983096983091983094 983097983093983096 983089983088983095 983093983088983094 983090983090 983097983092983092 983092983094983092

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983091983096 983091983089983096 983095983094983093 983093983090983092

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983089983094 983096983090983095 983085983089 983095983093983097 983096983097983090

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983089 983089983096983089 983096983090983095 983089 983089983096983089 983096983090983095 983085983089 983089983096983089 983096983090983095 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983092983092983090 983085983092983092983090 983085983092983092983090

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983093 983091983088983094 983093983088983089 983093 983096983088983095 983093 983096983088983095 983096 983094983088983088 983089983092 983092983088983095

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095

983090983088983089983092983140983141983139983141983149983138983141983154 983091983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983090983088983089983093983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983091 983089983094983097 983088983095983093 983091 983089983094983097 983088983095983093 983089983089983094 983091983089983094 983091 983090983096983093 983091983097983089

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983097 983093983096983089 983085983090983093983095 983090983096983091

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983096983088983091 983096983092983090 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983095 983088983091983089 983085983095 983088983091983089 983085983095 983088983091983089

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983085983094 983091983091983095 983085983095983088 983085983094 983092983088983095 983085983094 983092983088983095 983093 983093983094983090 983085983096983092983093

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091

983090983088983089983093983155983162983141983152983156983141983149983138983141983154 983091983088 983093 983090983090983094 983091983097983089 983085983091983088 983088983090983090 983094 983090983097983095 983097983097983088 983089983095 983092983091983096 983092983097983094 983085983095 983094983089983097 983088983093983092 983089983094 983089983089983095 983092983091983090 983091 983089983094983097 983088983095983093 983090983092 983092983096983090 983096983095983094 983090983090983094 983088983095983092 983090983092 983095983088983096 983097983093983088

983115983292983148983155ő 983156983157983148983137983146983085

983140983151983150983151983155983151983147983154983273983155983162983141983155983141983140983273983085

983155983141

983123983137983146983265983156 983156ő983147983141983286983155983155983162983141983155983141983150983109983154983141983140983149983273983150983161983085983156983137983154983156983137983148983273983147 983233983156983158983265983148983156983265983155983145983156983137983154983156983137983148983273983147 983124983137983154983156983137983148983273983147983151983147983286983155983155983162983141983155983141983150

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145 983154983273983155983162983141983155983141983085983140983273983155 983137983162 983141983154983141983140983085

983149983273983150983161983138ő983148

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145

983154983273983155983162983158983273983150983161983141983085983155983141983147983154983141 983146983157983156983283

983155983137983146983265983156 983156ő983147983141

983114983141983143983161983162983141983156983156983156ő983147983141 983123983137983146983265983156983154983273983155983162983158983273983150983161983141983147 983124ő983147983141983156983137983154983156983137983148983273983147




983089983095












10





















11


20140930 20141231 20150930






983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983096












is



































983097































983089983088





(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)





EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1

























983089983089










































983089983090

































983089983091






(A) (B) B-A (BA-1)









Keacuteszletek 16 637 19 268 2 631 16

Vevők 14 215 15 369 1 154 8





SAJAacuteT TŐKE




























983089983092




















983089983093

7












0







0


























983089983094












8



983090983088983089983092983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983093983092983097 983094 983093983095983091 983091983091983092 983089983093 983092983093983091 983096983093983096 983085983093 983093983095983093 983097983088983090 983089983094 983092983093983089 983090983097983088 983089 983089983096983089 983096983090983095 983090983090 983096983091983094 983097983093983096 983089983088983095 983093983088983094 983090983090 983097983092983092 983092983094983092

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983091983096 983091983089983096 983095983094983093 983093983090983092

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983089983094 983096983090983095 983085983089 983095983093983097 983096983097983090

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983089 983089983096983089 983096983090983095 983089 983089983096983089 983096983090983095 983085983089 983089983096983089 983096983090983095 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983092983092983090 983085983092983092983090 983085983092983092983090

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983093 983091983088983094 983093983088983089 983093 983096983088983095 983093 983096983088983095 983096 983094983088983088 983089983092 983092983088983095

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095

983090983088983089983092983140983141983139983141983149983138983141983154 983091983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983090983088983089983093983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983091 983089983094983097 983088983095983093 983091 983089983094983097 983088983095983093 983089983089983094 983091983089983094 983091 983090983096983093 983091983097983089

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983097 983093983096983089 983085983090983093983095 983090983096983091

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983096983088983091 983096983092983090 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983095 983088983091983089 983085983095 983088983091983089 983085983095 983088983091983089

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983085983094 983091983091983095 983085983095983088 983085983094 983092983088983095 983085983094 983092983088983095 983093 983093983094983090 983085983096983092983093

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091

983090983088983089983093983155983162983141983152983156983141983149983138983141983154 983091983088 983093 983090983090983094 983091983097983089 983085983091983088 983088983090983090 983094 983090983097983095 983097983097983088 983089983095 983092983091983096 983092983097983094 983085983095 983094983089983097 983088983093983092 983089983094 983089983089983095 983092983091983090 983091 983089983094983097 983088983095983093 983090983092 983092983096983090 983096983095983094 983090983090983094 983088983095983092 983090983092 983095983088983096 983097983093983088

983115983292983148983155ő 983156983157983148983137983146983085

983140983151983150983151983155983151983147983154983273983155983162983141983155983141983140983273983085

983155983141

983123983137983146983265983156 983156ő983147983141983286983155983155983162983141983155983141983150983109983154983141983140983149983273983150983161983085983156983137983154983156983137983148983273983147 983233983156983158983265983148983156983265983155983145983156983137983154983156983137983148983273983147 983124983137983154983156983137983148983273983147983151983147983286983155983155983162983141983155983141983150

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145 983154983273983155983162983141983155983141983085983140983273983155 983137983162 983141983154983141983140983085

983149983273983150983161983138ő983148

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145

983154983273983155983162983158983273983150983161983141983085983155983141983147983154983141 983146983157983156983283

983155983137983146983265983156 983156ő983147983141

983114983141983143983161983162983141983156983156983156ő983147983141 983123983137983146983265983156983154983273983155983162983158983273983150983161983141983147 983124ő983147983141983156983137983154983156983137983148983273983147




983089983095












10





















11


20140930 20141231 20150930






983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983097































983089983088





(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)





EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1

























983089983089










































983089983090

































983089983091






(A) (B) B-A (BA-1)









Keacuteszletek 16 637 19 268 2 631 16

Vevők 14 215 15 369 1 154 8





SAJAacuteT TŐKE




























983089983092




















983089983093

7












0







0


























983089983094












8



983090983088983089983092983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983093983092983097 983094 983093983095983091 983091983091983092 983089983093 983092983093983091 983096983093983096 983085983093 983093983095983093 983097983088983090 983089983094 983092983093983089 983090983097983088 983089 983089983096983089 983096983090983095 983090983090 983096983091983094 983097983093983096 983089983088983095 983093983088983094 983090983090 983097983092983092 983092983094983092

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983091983096 983091983089983096 983095983094983093 983093983090983092

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983089983094 983096983090983095 983085983089 983095983093983097 983096983097983090

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983089 983089983096983089 983096983090983095 983089 983089983096983089 983096983090983095 983085983089 983089983096983089 983096983090983095 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983092983092983090 983085983092983092983090 983085983092983092983090

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983093 983091983088983094 983093983088983089 983093 983096983088983095 983093 983096983088983095 983096 983094983088983088 983089983092 983092983088983095

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095

983090983088983089983092983140983141983139983141983149983138983141983154 983091983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983090983088983089983093983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983091 983089983094983097 983088983095983093 983091 983089983094983097 983088983095983093 983089983089983094 983091983089983094 983091 983090983096983093 983091983097983089

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983097 983093983096983089 983085983090983093983095 983090983096983091

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983096983088983091 983096983092983090 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983095 983088983091983089 983085983095 983088983091983089 983085983095 983088983091983089

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983085983094 983091983091983095 983085983095983088 983085983094 983092983088983095 983085983094 983092983088983095 983093 983093983094983090 983085983096983092983093

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091

983090983088983089983093983155983162983141983152983156983141983149983138983141983154 983091983088 983093 983090983090983094 983091983097983089 983085983091983088 983088983090983090 983094 983090983097983095 983097983097983088 983089983095 983092983091983096 983092983097983094 983085983095 983094983089983097 983088983093983092 983089983094 983089983089983095 983092983091983090 983091 983089983094983097 983088983095983093 983090983092 983092983096983090 983096983095983094 983090983090983094 983088983095983092 983090983092 983095983088983096 983097983093983088

983115983292983148983155ő 983156983157983148983137983146983085

983140983151983150983151983155983151983147983154983273983155983162983141983155983141983140983273983085

983155983141

983123983137983146983265983156 983156ő983147983141983286983155983155983162983141983155983141983150983109983154983141983140983149983273983150983161983085983156983137983154983156983137983148983273983147 983233983156983158983265983148983156983265983155983145983156983137983154983156983137983148983273983147 983124983137983154983156983137983148983273983147983151983147983286983155983155983162983141983155983141983150

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145 983154983273983155983162983141983155983141983085983140983273983155 983137983162 983141983154983141983140983085

983149983273983150983161983138ő983148

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145

983154983273983155983162983158983273983150983161983141983085983155983141983147983154983141 983146983157983156983283

983155983137983146983265983156 983156ő983147983141

983114983141983143983161983162983141983156983156983156ő983147983141 983123983137983146983265983156983154983273983155983162983158983273983150983161983141983147 983124ő983147983141983156983137983154983156983137983148983273983147




983089983095












10





















11


20140930 20141231 20150930






983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983089983088





(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)





EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1

























983089983089










































983089983090

































983089983091






(A) (B) B-A (BA-1)









Keacuteszletek 16 637 19 268 2 631 16

Vevők 14 215 15 369 1 154 8





SAJAacuteT TŐKE




























983089983092




















983089983093

7












0







0


























983089983094












8



983090983088983089983092983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983093983092983097 983094 983093983095983091 983091983091983092 983089983093 983092983093983091 983096983093983096 983085983093 983093983095983093 983097983088983090 983089983094 983092983093983089 983090983097983088 983089 983089983096983089 983096983090983095 983090983090 983096983091983094 983097983093983096 983089983088983095 983093983088983094 983090983090 983097983092983092 983092983094983092

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983091983096 983091983089983096 983095983094983093 983093983090983092

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983089983094 983096983090983095 983085983089 983095983093983097 983096983097983090

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983089 983089983096983089 983096983090983095 983089 983089983096983089 983096983090983095 983085983089 983089983096983089 983096983090983095 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983092983092983090 983085983092983092983090 983085983092983092983090

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983093 983091983088983094 983093983088983089 983093 983096983088983095 983093 983096983088983095 983096 983094983088983088 983089983092 983092983088983095

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095

983090983088983089983092983140983141983139983141983149983138983141983154 983091983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983090983088983089983093983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983091 983089983094983097 983088983095983093 983091 983089983094983097 983088983095983093 983089983089983094 983091983089983094 983091 983090983096983093 983091983097983089

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983097 983093983096983089 983085983090983093983095 983090983096983091

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983096983088983091 983096983092983090 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983095 983088983091983089 983085983095 983088983091983089 983085983095 983088983091983089

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983085983094 983091983091983095 983085983095983088 983085983094 983092983088983095 983085983094 983092983088983095 983093 983093983094983090 983085983096983092983093

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091

983090983088983089983093983155983162983141983152983156983141983149983138983141983154 983091983088 983093 983090983090983094 983091983097983089 983085983091983088 983088983090983090 983094 983090983097983095 983097983097983088 983089983095 983092983091983096 983092983097983094 983085983095 983094983089983097 983088983093983092 983089983094 983089983089983095 983092983091983090 983091 983089983094983097 983088983095983093 983090983092 983092983096983090 983096983095983094 983090983090983094 983088983095983092 983090983092 983095983088983096 983097983093983088

983115983292983148983155ő 983156983157983148983137983146983085

983140983151983150983151983155983151983147983154983273983155983162983141983155983141983140983273983085

983155983141

983123983137983146983265983156 983156ő983147983141983286983155983155983162983141983155983141983150983109983154983141983140983149983273983150983161983085983156983137983154983156983137983148983273983147 983233983156983158983265983148983156983265983155983145983156983137983154983156983137983148983273983147 983124983137983154983156983137983148983273983147983151983147983286983155983155983162983141983155983141983150

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145 983154983273983155983162983141983155983141983085983140983273983155 983137983162 983141983154983141983140983085

983149983273983150983161983138ő983148

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145

983154983273983155983162983158983273983150983161983141983085983155983141983147983154983141 983146983157983156983283

983155983137983146983265983156 983156ő983147983141

983114983141983143983161983162983141983156983156983156ő983147983141 983123983137983146983265983156983154983273983155983162983158983273983150983161983141983147 983124ő983147983141983156983137983154983156983137983148983273983147




983089983095












10





















11


20140930 20141231 20150930






983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983089983089










































983089983090

































983089983091






(A) (B) B-A (BA-1)









Keacuteszletek 16 637 19 268 2 631 16

Vevők 14 215 15 369 1 154 8





SAJAacuteT TŐKE




























983089983092




















983089983093

7












0







0


























983089983094












8



983090983088983089983092983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983093983092983097 983094 983093983095983091 983091983091983092 983089983093 983092983093983091 983096983093983096 983085983093 983093983095983093 983097983088983090 983089983094 983092983093983089 983090983097983088 983089 983089983096983089 983096983090983095 983090983090 983096983091983094 983097983093983096 983089983088983095 983093983088983094 983090983090 983097983092983092 983092983094983092

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983091983096 983091983089983096 983095983094983093 983093983090983092

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983089983094 983096983090983095 983085983089 983095983093983097 983096983097983090

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983089 983089983096983089 983096983090983095 983089 983089983096983089 983096983090983095 983085983089 983089983096983089 983096983090983095 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983092983092983090 983085983092983092983090 983085983092983092983090

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983093 983091983088983094 983093983088983089 983093 983096983088983095 983093 983096983088983095 983096 983094983088983088 983089983092 983092983088983095

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095

983090983088983089983092983140983141983139983141983149983138983141983154 983091983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983090983088983089983093983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983091 983089983094983097 983088983095983093 983091 983089983094983097 983088983095983093 983089983089983094 983091983089983094 983091 983090983096983093 983091983097983089

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983097 983093983096983089 983085983090983093983095 983090983096983091

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983096983088983091 983096983092983090 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983095 983088983091983089 983085983095 983088983091983089 983085983095 983088983091983089

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983085983094 983091983091983095 983085983095983088 983085983094 983092983088983095 983085983094 983092983088983095 983093 983093983094983090 983085983096983092983093

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091

983090983088983089983093983155983162983141983152983156983141983149983138983141983154 983091983088 983093 983090983090983094 983091983097983089 983085983091983088 983088983090983090 983094 983090983097983095 983097983097983088 983089983095 983092983091983096 983092983097983094 983085983095 983094983089983097 983088983093983092 983089983094 983089983089983095 983092983091983090 983091 983089983094983097 983088983095983093 983090983092 983092983096983090 983096983095983094 983090983090983094 983088983095983092 983090983092 983095983088983096 983097983093983088

983115983292983148983155ő 983156983157983148983137983146983085

983140983151983150983151983155983151983147983154983273983155983162983141983155983141983140983273983085

983155983141

983123983137983146983265983156 983156ő983147983141983286983155983155983162983141983155983141983150983109983154983141983140983149983273983150983161983085983156983137983154983156983137983148983273983147 983233983156983158983265983148983156983265983155983145983156983137983154983156983137983148983273983147 983124983137983154983156983137983148983273983147983151983147983286983155983155983162983141983155983141983150

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145 983154983273983155983162983141983155983141983085983140983273983155 983137983162 983141983154983141983140983085

983149983273983150983161983138ő983148

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145

983154983273983155983162983158983273983150983161983141983085983155983141983147983154983141 983146983157983156983283

983155983137983146983265983156 983156ő983147983141

983114983141983143983161983162983141983156983156983156ő983147983141 983123983137983146983265983156983154983273983155983162983158983273983150983161983141983147 983124ő983147983141983156983137983154983156983137983148983273983147




983089983095












10





















11


20140930 20141231 20150930






983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983089983090

































983089983091






(A) (B) B-A (BA-1)









Keacuteszletek 16 637 19 268 2 631 16

Vevők 14 215 15 369 1 154 8





SAJAacuteT TŐKE




























983089983092




















983089983093

7












0







0


























983089983094












8



983090983088983089983092983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983093983092983097 983094 983093983095983091 983091983091983092 983089983093 983092983093983091 983096983093983096 983085983093 983093983095983093 983097983088983090 983089983094 983092983093983089 983090983097983088 983089 983089983096983089 983096983090983095 983090983090 983096983091983094 983097983093983096 983089983088983095 983093983088983094 983090983090 983097983092983092 983092983094983092

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983091983096 983091983089983096 983095983094983093 983093983090983092

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983089983094 983096983090983095 983085983089 983095983093983097 983096983097983090

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983089 983089983096983089 983096983090983095 983089 983089983096983089 983096983090983095 983085983089 983089983096983089 983096983090983095 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983092983092983090 983085983092983092983090 983085983092983092983090

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983093 983091983088983094 983093983088983089 983093 983096983088983095 983093 983096983088983095 983096 983094983088983088 983089983092 983092983088983095

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095

983090983088983089983092983140983141983139983141983149983138983141983154 983091983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983090983088983089983093983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983091 983089983094983097 983088983095983093 983091 983089983094983097 983088983095983093 983089983089983094 983091983089983094 983091 983090983096983093 983091983097983089

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983097 983093983096983089 983085983090983093983095 983090983096983091

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983096983088983091 983096983092983090 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983095 983088983091983089 983085983095 983088983091983089 983085983095 983088983091983089

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983085983094 983091983091983095 983085983095983088 983085983094 983092983088983095 983085983094 983092983088983095 983093 983093983094983090 983085983096983092983093

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091

983090983088983089983093983155983162983141983152983156983141983149983138983141983154 983091983088 983093 983090983090983094 983091983097983089 983085983091983088 983088983090983090 983094 983090983097983095 983097983097983088 983089983095 983092983091983096 983092983097983094 983085983095 983094983089983097 983088983093983092 983089983094 983089983089983095 983092983091983090 983091 983089983094983097 983088983095983093 983090983092 983092983096983090 983096983095983094 983090983090983094 983088983095983092 983090983092 983095983088983096 983097983093983088

983115983292983148983155ő 983156983157983148983137983146983085

983140983151983150983151983155983151983147983154983273983155983162983141983155983141983140983273983085

983155983141

983123983137983146983265983156 983156ő983147983141983286983155983155983162983141983155983141983150983109983154983141983140983149983273983150983161983085983156983137983154983156983137983148983273983147 983233983156983158983265983148983156983265983155983145983156983137983154983156983137983148983273983147 983124983137983154983156983137983148983273983147983151983147983286983155983155983162983141983155983141983150

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145 983154983273983155983162983141983155983141983085983140983273983155 983137983162 983141983154983141983140983085

983149983273983150983161983138ő983148

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145

983154983273983155983162983158983273983150983161983141983085983155983141983147983154983141 983146983157983156983283

983155983137983146983265983156 983156ő983147983141

983114983141983143983161983162983141983156983156983156ő983147983141 983123983137983146983265983156983154983273983155983162983158983273983150983161983141983147 983124ő983147983141983156983137983154983156983137983148983273983147




983089983095












10





















11


20140930 20141231 20150930






983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983089983091






(A) (B) B-A (BA-1)









Keacuteszletek 16 637 19 268 2 631 16

Vevők 14 215 15 369 1 154 8





SAJAacuteT TŐKE




























983089983092




















983089983093

7












0







0


























983089983094












8



983090983088983089983092983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983093983092983097 983094 983093983095983091 983091983091983092 983089983093 983092983093983091 983096983093983096 983085983093 983093983095983093 983097983088983090 983089983094 983092983093983089 983090983097983088 983089 983089983096983089 983096983090983095 983090983090 983096983091983094 983097983093983096 983089983088983095 983093983088983094 983090983090 983097983092983092 983092983094983092

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983091983096 983091983089983096 983095983094983093 983093983090983092

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983089983094 983096983090983095 983085983089 983095983093983097 983096983097983090

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983089 983089983096983089 983096983090983095 983089 983089983096983089 983096983090983095 983085983089 983089983096983089 983096983090983095 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983092983092983090 983085983092983092983090 983085983092983092983090

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983093 983091983088983094 983093983088983089 983093 983096983088983095 983093 983096983088983095 983096 983094983088983088 983089983092 983092983088983095

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095

983090983088983089983092983140983141983139983141983149983138983141983154 983091983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983090983088983089983093983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983091 983089983094983097 983088983095983093 983091 983089983094983097 983088983095983093 983089983089983094 983091983089983094 983091 983090983096983093 983091983097983089

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983097 983093983096983089 983085983090983093983095 983090983096983091

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983096983088983091 983096983092983090 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983095 983088983091983089 983085983095 983088983091983089 983085983095 983088983091983089

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983085983094 983091983091983095 983085983095983088 983085983094 983092983088983095 983085983094 983092983088983095 983093 983093983094983090 983085983096983092983093

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091

983090983088983089983093983155983162983141983152983156983141983149983138983141983154 983091983088 983093 983090983090983094 983091983097983089 983085983091983088 983088983090983090 983094 983090983097983095 983097983097983088 983089983095 983092983091983096 983092983097983094 983085983095 983094983089983097 983088983093983092 983089983094 983089983089983095 983092983091983090 983091 983089983094983097 983088983095983093 983090983092 983092983096983090 983096983095983094 983090983090983094 983088983095983092 983090983092 983095983088983096 983097983093983088

983115983292983148983155ő 983156983157983148983137983146983085

983140983151983150983151983155983151983147983154983273983155983162983141983155983141983140983273983085

983155983141

983123983137983146983265983156 983156ő983147983141983286983155983155983162983141983155983141983150983109983154983141983140983149983273983150983161983085983156983137983154983156983137983148983273983147 983233983156983158983265983148983156983265983155983145983156983137983154983156983137983148983273983147 983124983137983154983156983137983148983273983147983151983147983286983155983155983162983141983155983141983150

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145 983154983273983155983162983141983155983141983085983140983273983155 983137983162 983141983154983141983140983085

983149983273983150983161983138ő983148

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145

983154983273983155983162983158983273983150983161983141983085983155983141983147983154983141 983146983157983156983283

983155983137983146983265983156 983156ő983147983141

983114983141983143983161983162983141983156983156983156ő983147983141 983123983137983146983265983156983154983273983155983162983158983273983150983161983141983147 983124ő983147983141983156983137983154983156983137983148983273983147




983089983095












10





















11


20140930 20141231 20150930






983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983089983092




















983089983093

7












0







0


























983089983094












8



983090983088983089983092983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983093983092983097 983094 983093983095983091 983091983091983092 983089983093 983092983093983091 983096983093983096 983085983093 983093983095983093 983097983088983090 983089983094 983092983093983089 983090983097983088 983089 983089983096983089 983096983090983095 983090983090 983096983091983094 983097983093983096 983089983088983095 983093983088983094 983090983090 983097983092983092 983092983094983092

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983091983096 983091983089983096 983095983094983093 983093983090983092

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983089983094 983096983090983095 983085983089 983095983093983097 983096983097983090

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983089 983089983096983089 983096983090983095 983089 983089983096983089 983096983090983095 983085983089 983089983096983089 983096983090983095 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983092983092983090 983085983092983092983090 983085983092983092983090

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983093 983091983088983094 983093983088983089 983093 983096983088983095 983093 983096983088983095 983096 983094983088983088 983089983092 983092983088983095

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095

983090983088983089983092983140983141983139983141983149983138983141983154 983091983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983090983088983089983093983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983091 983089983094983097 983088983095983093 983091 983089983094983097 983088983095983093 983089983089983094 983091983089983094 983091 983090983096983093 983091983097983089

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983097 983093983096983089 983085983090983093983095 983090983096983091

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983096983088983091 983096983092983090 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983095 983088983091983089 983085983095 983088983091983089 983085983095 983088983091983089

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983085983094 983091983091983095 983085983095983088 983085983094 983092983088983095 983085983094 983092983088983095 983093 983093983094983090 983085983096983092983093

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091

983090983088983089983093983155983162983141983152983156983141983149983138983141983154 983091983088 983093 983090983090983094 983091983097983089 983085983091983088 983088983090983090 983094 983090983097983095 983097983097983088 983089983095 983092983091983096 983092983097983094 983085983095 983094983089983097 983088983093983092 983089983094 983089983089983095 983092983091983090 983091 983089983094983097 983088983095983093 983090983092 983092983096983090 983096983095983094 983090983090983094 983088983095983092 983090983092 983095983088983096 983097983093983088

983115983292983148983155ő 983156983157983148983137983146983085

983140983151983150983151983155983151983147983154983273983155983162983141983155983141983140983273983085

983155983141

983123983137983146983265983156 983156ő983147983141983286983155983155983162983141983155983141983150983109983154983141983140983149983273983150983161983085983156983137983154983156983137983148983273983147 983233983156983158983265983148983156983265983155983145983156983137983154983156983137983148983273983147 983124983137983154983156983137983148983273983147983151983147983286983155983155983162983141983155983141983150

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145 983154983273983155983162983141983155983141983085983140983273983155 983137983162 983141983154983141983140983085

983149983273983150983161983138ő983148

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145

983154983273983155983162983158983273983150983161983141983085983155983141983147983154983141 983146983157983156983283

983155983137983146983265983156 983156ő983147983141

983114983141983143983161983162983141983156983156983156ő983147983141 983123983137983146983265983156983154983273983155983162983158983273983150983161983141983147 983124ő983147983141983156983137983154983156983137983148983273983147




983089983095












10





















11


20140930 20141231 20150930






983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983089983093

7












0







0


























983089983094












8



983090983088983089983092983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983093983092983097 983094 983093983095983091 983091983091983092 983089983093 983092983093983091 983096983093983096 983085983093 983093983095983093 983097983088983090 983089983094 983092983093983089 983090983097983088 983089 983089983096983089 983096983090983095 983090983090 983096983091983094 983097983093983096 983089983088983095 983093983088983094 983090983090 983097983092983092 983092983094983092

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983091983096 983091983089983096 983095983094983093 983093983090983092

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983089983094 983096983090983095 983085983089 983095983093983097 983096983097983090

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983089 983089983096983089 983096983090983095 983089 983089983096983089 983096983090983095 983085983089 983089983096983089 983096983090983095 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983092983092983090 983085983092983092983090 983085983092983092983090

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983093 983091983088983094 983093983088983089 983093 983096983088983095 983093 983096983088983095 983096 983094983088983088 983089983092 983092983088983095

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095

983090983088983089983092983140983141983139983141983149983138983141983154 983091983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983090983088983089983093983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983091 983089983094983097 983088983095983093 983091 983089983094983097 983088983095983093 983089983089983094 983091983089983094 983091 983090983096983093 983091983097983089

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983097 983093983096983089 983085983090983093983095 983090983096983091

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983096983088983091 983096983092983090 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983095 983088983091983089 983085983095 983088983091983089 983085983095 983088983091983089

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983085983094 983091983091983095 983085983095983088 983085983094 983092983088983095 983085983094 983092983088983095 983093 983093983094983090 983085983096983092983093

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091

983090983088983089983093983155983162983141983152983156983141983149983138983141983154 983091983088 983093 983090983090983094 983091983097983089 983085983091983088 983088983090983090 983094 983090983097983095 983097983097983088 983089983095 983092983091983096 983092983097983094 983085983095 983094983089983097 983088983093983092 983089983094 983089983089983095 983092983091983090 983091 983089983094983097 983088983095983093 983090983092 983092983096983090 983096983095983094 983090983090983094 983088983095983092 983090983092 983095983088983096 983097983093983088

983115983292983148983155ő 983156983157983148983137983146983085

983140983151983150983151983155983151983147983154983273983155983162983141983155983141983140983273983085

983155983141

983123983137983146983265983156 983156ő983147983141983286983155983155983162983141983155983141983150983109983154983141983140983149983273983150983161983085983156983137983154983156983137983148983273983147 983233983156983158983265983148983156983265983155983145983156983137983154983156983137983148983273983147 983124983137983154983156983137983148983273983147983151983147983286983155983155983162983141983155983141983150

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145 983154983273983155983162983141983155983141983085983140983273983155 983137983162 983141983154983141983140983085

983149983273983150983161983138ő983148

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145

983154983273983155983162983158983273983150983161983141983085983155983141983147983154983141 983146983157983156983283

983155983137983146983265983156 983156ő983147983141

983114983141983143983161983162983141983156983156983156ő983147983141 983123983137983146983265983156983154983273983155983162983158983273983150983161983141983147 983124ő983147983141983156983137983154983156983137983148983273983147




983089983095












10





















11


20140930 20141231 20150930






983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983089983094












8



983090983088983089983092983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983093983092983097 983094 983093983095983091 983091983091983092 983089983093 983092983093983091 983096983093983096 983085983093 983093983095983093 983097983088983090 983089983094 983092983093983089 983090983097983088 983089 983089983096983089 983096983090983095 983090983090 983096983091983094 983097983093983096 983089983088983095 983093983088983094 983090983090 983097983092983092 983092983094983092

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983091983096 983091983089983096 983095983094983093 983093983090983092

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983085983089 983095983095983094 983095983089983097 983089983094 983096983090983095 983085983089 983095983093983097 983096983097983090

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983089 983089983096983089 983096983090983095 983089 983089983096983089 983096983090983095 983085983089 983089983096983089 983096983090983095 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983092983092983090 983085983092983092983090 983085983092983092983090

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983093 983091983088983094 983093983088983089 983093 983096983088983095 983093 983096983088983095 983096 983094983088983088 983089983092 983092983088983095

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095 983085983091983091983092 983097983090983095

983090983088983089983092983140983141983139983141983149983138983141983154 983091983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983090983088983089983093983146983137983150983157983265983154 983089 983093 983090983090983094 983091983097983089 983085983090983090 983097983097983089 983094 983090983091983096 983092983088983095 983089983094 983094983092983088 983097983097983089 983085983095 983091983093983090 983089983090983088 983089983093 983093983090983095 983090983095983096 983096983088983091 983096983092983090 983090983089 983093983091983092 983093983090983088 983097983092 983094983089983093 983090983089 983094983090983097 983089983091983093

983117983273983154983148983141983143 983155983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161 983088 983091 983089983094983097 983088983095983093 983091 983089983094983097 983088983095983093 983089983089983094 983091983089983094 983091 983090983096983093 983091983097983089

983109983143983161983273983138 983265983156983142983151983143983283 983146983286983158983141983140983141983148983141983149 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983085983090983094983094 983096983094983093 983097 983093983096983089 983085983090983093983095 983090983096983091

983109983148ő983162ő 983273983158983145 983149983273983154983148983141983143 983155 983162983141983154983145983150983156983145 983141983154983141983140983149983273983150983161

983265983156983158983141983162983141983156983273983155983141 983096983088983091 983096983092983090 983096983088983091 983096983092983090 983085983096983088983091 983096983092983090 983088 983088

983126983145983155983155983162983137983158983265983155983265983154983151983148983156 983155983137983146983265983156 983154983273983155983162983158983273983150983161983141983147 983085983095 983088983091983089 983085983095 983088983091983089 983085983095 983088983091983089

983115983292983148983155ő 983156983157983148983137983146983140983151983150983151983155983151983147

983154983273983155983162983141983155983141983140983273983155983273983150983141983147 983158983265983148983156983151983162983265983155983137 983085983094 983091983091983095 983085983095983088 983085983094 983092983088983095 983085983094 983092983088983095 983093 983093983094983090 983085983096983092983093

983116983141983265983150983161983158983265983148983148983137983148983137983156983145 983154983273983155983162983158983273983150983161983139983155983141983154983141

983152983154983151983143983154983137983149 983088 983088 983088 983088 983088 983088

983124983157983148983137983146983140983151983150983151983155983145 983144983151983162983162983265983146983265983154983157983148983265983155 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091 983093983097 983093983096983091

983090983088983089983093983155983162983141983152983156983141983149983138983141983154 983091983088 983093 983090983090983094 983091983097983089 983085983091983088 983088983090983090 983094 983090983097983095 983097983097983088 983089983095 983092983091983096 983092983097983094 983085983095 983094983089983097 983088983093983092 983089983094 983089983089983095 983092983091983090 983091 983089983094983097 983088983095983093 983090983092 983092983096983090 983096983095983094 983090983090983094 983088983095983092 983090983092 983095983088983096 983097983093983088

983115983292983148983155ő 983156983157983148983137983146983085

983140983151983150983151983155983151983147983154983273983155983162983141983155983141983140983273983085

983155983141

983123983137983146983265983156 983156ő983147983141983286983155983155983162983141983155983141983150983109983154983141983140983149983273983150983161983085983156983137983154983156983137983148983273983147 983233983156983158983265983148983156983265983155983145983156983137983154983156983137983148983273983147 983124983137983154983156983137983148983273983147983151983147983286983155983155983162983141983155983141983150

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145 983154983273983155983162983141983155983141983085983140983273983155 983137983162 983141983154983141983140983085

983149983273983150983161983138ő983148

983105983150983161983137983158983265983148983148983137983085

983148983137983156983145

983154983273983155983162983158983273983150983161983141983085983155983141983147983154983141 983146983157983156983283

983155983137983146983265983156 983156ő983147983141

983114983141983143983161983162983141983156983156983156ő983147983141 983123983137983146983265983156983154983273983155983162983158983273983150983161983141983147 983124ő983147983141983156983137983154983156983137983148983273983147




983089983095












10





















11


20140930 20141231 20150930






983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983089983095












10





















11


20140930 20141231 20150930






983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983089983096

12












lezaacuterul




983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983089983097









Vevők 8 880 15 369 6 489 73

































983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983090983088







192 557 060






















Masterplast Doo











983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983090983089













-



-


-





megszűneacutese


(db)




15











983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983090983090


2015 09 30



















































983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983090983091

NYILATKOZAT









983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983090983092









SUMMARY













Sales revenue 26 045 26 875 61 952 64 594

EBITDA 2 569 2 168 4 321 4 299















bull






983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983090983093







bull





















bull


















2014








983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983090983094





quarters of 2015












than last year




983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983090983095

Financial tables


Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)

Hungary 6 532 6 447 -1 16 180 17 087 6

Romania 4 120 4 254 3 9 595 10 009 4

Serbia 2 956 3 179 8 7 083 7 457 5

Croatia 1 220 1 114 -9 3 315 3 184 -4

Ukraine 2 839 3 202 13 5 923 5 782 -2

Slovakia 2 627 1 600 -39 5 363 3 999 -25

Poland 1 424 2 092 47 3 633 4 530 25

Export 2 855 3 415 20 7 034 8 906 27

Other 1 472 1 571 7 3 826 3 641 -5



Hungary 25 24 26 26

Romania 16 16 15 15

Serbia 11 12 11 12

Croatia 5 4 5 5

Ukraine 11 12 10 9

Slovakia 10 6 9 6

Poland 5 8 6 7

Export 11 13 11 14

Other 6 6 6 6



Q32015

Q3Change

2014 Q3

YTD2015 Q3

YTDChange

(A) (B) (BA-1) (A) (B) (BA-1)
























983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983090983096


(A) (B) B-A (BA-1) (B) (B) B-A (BA-1)

Sales revenues 26 045 26 875 830 3 61 952 64 594 2 642 4

0 0 0 0 0 0



Depreciation -369 -356 13 -4 -1 094 -1 080 14 -1



EBITDA 2 569 2 168 -401 -16 4 321 4 299 -22 -1



00 00 0 0







Taxes -352 -319 33 -9 -238 -398 -160 67








983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3
















983090983097


(A) (B) B-A (BA-1)

FIXED ASSETS






CURRENT ASSETS

Inventories 18 303 19 268 965 5





Liquid assets 3 045 5 120 2 075 68


TOTAL ASSETS 53 793 64 128 10 335 19



Reserves 15 527 16 117 590 4






Long- term loans 3 509 3 317 -192 -5






Short-term loans 13 999 14 364 365 3















Documents

Masterplast Nyrt időközi vezetőségi beszámoló Q3 20151111 nyomtatóbarát.pdf