Selena Group \u2013 global manufacturer and distributor of construction chemistry headquartered in Poland \u2013 posted in the first quarter 2015 consolidated sales of EUR 44.8\u00a0m (PLN 185.8\u00a0m). At the same time, the Group recorded a\u00a0net loss of EUR 1.9\u00a0m (PLN 7.8\u00a0m) in the analysed period, which is EUR 2.1\u00a0m (PLN 9.0\u00a0m) up on the corresponding period of the year 2014. Construction chemistry as a\u00a0sector of economy exhibits high seasonal fluctuations. In the first quarter of the year Selena usually records ca. 15% of yearly sales.<\/b><\/p>\n
In the first quarter 2015 the Selena Group\u2019s sales were heavily affected by factors such as the Russian-Ukrainian conflict and the resulting economic slowdown in the region. As a consequence, Selena recorded lower sales in\u00a0Russia and Ukraine.<\/b>\u00a0The Group compensates for the adverse impact of the East-European situation by diversifying its markets and focusing more on the growing economies. Selena posted\u00a0sales increases in Spain, Turkey and the USA,<\/b>\u00a0among others. In Poland the sales were only slightly lower than in the very strong first quarter 2014.<\/p>\n
The upshot of the Russian-Ukrainian conflict is clearly visible in the entire region of Eastern Europe and Central Asia. Selena is observing its repercussions also in countries that do not take part \u2013 such economies experience a slowdown in their growth and face more pressure on lower prices.<\/p>\n
\u201eSelena bases its current sales policy on geographical reorientation.<\/b>\u00a0It means that we offset the losses we sustain in the Eastern markets in the markets uninfluenced by the crisis. Another vital element of our strategy is that\u00a0we continue extending the range of our products and keep focus on market launching innovative solutions that let us generate added value for the end user. Thanks to the agile sales policy and competitive advantage of innovation in our portfolio we are counting on continuous improvement in the financial results of the Selena Group in the quarters to come\u201d<\/b><\/i>\u00a0\u2013 said\u00a0Jaros\u0142aw Michniuk<\/b>\u00a0Selena CEO.<\/p>\n
Selena takes into account that the relatively unfavourable economic situation may persist in Russia and Ukraine. Considering the slight revival noticeable in its other markets, Selena will all the more continue perfecting its operational excellence.<\/p>\n
In 2014 the Selena Group posted consolidated sales of EUR 263.4\u00a0m (PLN 1.1\u00a0b) and the net profit came at EUR 15.7\u00a0m (PLN 21\u00a0m) and was similar to the result recorded in the year 2013. Following its dividend policy, tha Management Board of\u00a0Selena FM SA recommended the payout of dividend for the year 2014 in the amount of PLN 0.28\u00a0per share.<\/b>\u00a0The decision about the payout will be made at the Annual General Meeting of Shareholders on 29 May 2015. For 2013 the Selena Group paid out the EUR 1.5\u00a0m (PLN 6.39\u00a0m) dividend, which is PLN 0.28\u00a0per share.<\/p>\n","protected":false},"excerpt":{"rendered":"
Selena Group \u2013 global manufacturer and distributor of construction chemistry headquartered in Poland \u2013 posted in the first quarter 2015 consolidated sales of EUR 44.8\u00a0m (PLN 185.8\u00a0m). At the same time, the Group recorded a\u00a0net…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/archiwum.selena.com\/en\/wp-json\/wp\/v2\/posts\/12502"}],"collection":[{"href":"https:\/\/archiwum.selena.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archiwum.selena.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archiwum.selena.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/archiwum.selena.com\/en\/wp-json\/wp\/v2\/comments?post=12502"}],"version-history":[{"count":0,"href":"https:\/\/archiwum.selena.com\/en\/wp-json\/wp\/v2\/posts\/12502\/revisions"}],"wp:attachment":[{"href":"https:\/\/archiwum.selena.com\/en\/wp-json\/wp\/v2\/media?parent=12502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archiwum.selena.com\/en\/wp-json\/wp\/v2\/categories?post=12502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archiwum.selena.com\/en\/wp-json\/wp\/v2\/tags?post=12502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}