PCC Group publishes quarterly report Q3/2023

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After a very weak start to the third quarter of 2023, the sales and earnings development of the PCC Group showed an upward trend over the course of the quarter. This cautious upward trend continued beyond the turn of the quarter, too. The PCC Group’s quarterly sales fell again slightly compared to the previous quarter, by 6.4% to €220.1 million. Nine-month sales were €768.0 million, a significant decrease of 22.8% compared to the extraordinarily successful previous year.

“Fortunately, the results of the third quarter improved again on all earnings levels compared to the previous quarter, although, as expected, the record values of 2022 were clearly missed,” explains Ulrike Warnecke, board member of PCC SE. Earnings before financial results, taxes, depreciation and amortization (EBITDA) amounted to €14.8 million in the third quarter and €79.3 million in the first nine months, a decline of almost 60% compared to the previous year.
“Demand from some industrial sectors increased slightly but remained at a low level due to the weak economy,” says Ulrike Warnecke. “At the same time, competitive pressure from China remained high.” The Silicon & Derivatives segment continued to be particularly hard hit by this. But the business development of the three chemical segments Polyols & Derivatives, Surfactants & Derivatives and Chlorine & Derivatives was also affected by cheap offers from China. “However, this also affected the European industry as a whole,” says Ulrike Warnecke.
The aforementioned Group financials are unaudited. Detailed information on PCC’s business performance in the second quarter can be found in the PCC Group Quarterly Report 3/2023. Go here for a PDF download.

PCC Group Quarterly Report 3/2023

PCC-Newsletter

PCC Group
Quarterly Report 3/24

PCC Group
Annual Report 2023
Contact
Susanne Biskamp
Head of Marketing & Public Relations
Phone: +49 (0)2066 2019-35
Fax: +49 (0)2066 2019-72
Email: pr@pcc.eu
About PCC SE
PCC SE, headquartered in Duisburg, is the holding company of the globally active PCC Group with around 3,300 employees. Its group companies have core competencies in the production of chemical raw materials and specialty chemicals, silicon and silicon derivatives, as well as in container logistics. As a long-term oriented investor, PCC SE focuses on continuously increasing the corporate values of its investments through sustainable investments and consistently creating new value. The largest chemical producers in the PCC Group are PCC Rokita SA, a significant chlorine manufacturer and Eastern Europe's leading producer of polyols, and PCC Exol SA, one of the most modern surfactant producers in Europe. PCC BakkiSilicon hf. operates one of the world's most modern and climate-friendly silicon metal production plants in Iceland. PCC celebrated its 30th anniversary in 2023: PCC was founded in 1993 by Waldemar Preussner, sole shareholder of PCC SE, who today chairs the Supervisory Board. PCC has been issuing bonds for over 25 years now. In the 2023 financial year, the PCC Group achieved consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) of 112.3 million euros on consolidated sales of 993.6 million euros. The investment volume in 2023 amounted to 142.5 million euros.