The PCC Group has had a positive start to the 2023 financial year. The highlights of the quarterly report 1/2023:
- PCC Group posts good start to fiscal 2023, although below last year’s
record figures, as expected - Group sales reach €312.6 million in the first quarter of 2023, down
9.5% year on year - PCC posts EBITDA of €53.8 million in the first quarter, with EBIT
coming in at €34.6 million and EBT at €18.1 million - Oxyalkylates project in Malaysia progressing according to plan
- Operating license received for new power plant in North Macedonia
- Redemption of maturing bullet bond
The Duisburg-based investment holding company PCC SE has made a positive start to the 2023 financial year, but as expected, remained below the record figures of the previous year. Group sales in the first quarter amounted to 312.6 million euros, 9.5% below the same quarter of the previous year. “The first quarter of 2023 was characterized by partly lower sales volumes and also selling prices due to declining demand and increasing competitive pressure from a number of non-European countries,” explains Ulrike Warnecke, Board Member of PCC SE. “Fortunately, most raw material purchase prices also showed a falling trend in the first quarter of 2023, so that the gross profit margin at 35.8% turned out even better than expected,” says Ulrike Warnecke. The mentioned group key figures are unaudited. Detailed information on the business development in the first quarter can be found in the PCC Group Quarterly Report 1/2023, click here for the PDF download.