Selena Group entered the top ten in the ranking Pearls of the Polish Stock Exchange, in the category “industry and construction”, encompassing 110 companies. Selena also ranked 53rd (out of 348 competitors) in the general ranking. The ranking of the most valuable companies in the Warsaw Stock Exchange was prepared by the daily Parkiet.
The Selena’s position in the ranking was influenced by its financial performance in the years 2007-2009 (sales, profit, ROE, change in the capitalisation rate), its market value and the growth in the share price.
“The global development strategy of Selena, with its focus on the domestic and international construction chemicals’ markets, is starting to yield tangible benefits, despite the continued economic downturn in the sector. The increase in Selena’s stock market value has been recognised in the Pearls of the Polish Stock Exchange ranking on account of the Group’s international expansion, with its organic growth, acquisitions and the constant enhancement of the product range with new, innovative products. I trust that our strategy makes a solid foundation for our future growth and that in the next years Selena Group will continue to bring value for the customers and investors alike” – said Krzysztof Domarecki, the Management Board President of Selena FM S.A.
The rapid growth of Selena Group has also been appreciated by other domestic and international institutions. In April 2010, the company was selected as one of the 25 Polish companies that will compete with players from other countries for the first place in the European Business Awards competition and the Ruban d’Honneur award. The European ranking is to recognise the organisations that are trust-worthy, reliable business partners. The jury of the competition will look at the business strategy, innovation, ethical approach to business and financial performance.
Selena is consistently moving up the rankings organised by the Polish media. Its stable financial performance gave it the 273rd position in the recent ranking of the Polityka weekly, which is 68 places higher compared with 2009. Selena achieved a similar success in this year’s edition of the List of 500 biggest companies in Poland compiled by the Rzeczpospolita daily, ranking 348th, that is 69 places higher than last year.
“Our progress in rankings and the received awards reflect the credit and trust for Selena, which encourages us to continue with consistent delivery of our growth plans. To reinforce our market presence in Europe, in the first quarter of 2010 we increased our ownership in FinSelena Oy to 100% and have established Selena Slovakia s.r.o. At the moment we are moving ahead with integration of Quilosa, the Spanish company acquired in 2009, and PMI „Izolacja – Matizol” SA of Gorlice, producer of roofing felt and shingles. We are also expanding our sales network in China, where at the end of 2010 a manufacturing plant of foams is expected to be launched in the Nantong economic zone. Besides, we are looking at the markets of Central and Eastern Europe and Asia for further acquisition targets” –Krzysztof Domarecki added.