PCC Group publishes report Q1/2023:

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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.

PCC Group Quarterly Report 1/2023

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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.