Selena Group \u2013 global manufacturer and distributor of construction chemistry \u2013 in the first half of 2014 posted consolidated sales of PLN\u00a0503\u00a0million (EUR\u00a0120.3\u00a0million), which is an increase by over PLN\u00a017\u00a0million (EUR\u00a04.1\u00a0million) compared to the same period in 2013. Operating profit, at nearly PLN\u00a015\u00a0million (EUR\u00a03.6\u00a0million), went up by over PLN\u00a06\u00a0million (EUR\u00a01,4\u00a0million) compared to the first half of 2013. Gross profit margin rose to 29.4% compared to 28.7% year prior.<\/b><\/p>\n
Selena Group\u2019s half-yearly results were notably affected by the foreign exchange along with political and economic situation in Eastern Europe which resulted in lower sales recorded in the region. However, Selena\u2019s sales rose in Turkey, Spain, Poland, Brazil and USA. The Selena Group steadily improves its operating results, which is visible in the percentage increase of gross profit margin up to 29.4% compared to 28.7% in the first half of 2013. In the first half of 2014, net result reached PLN\u00a00.7\u00a0million (EUR\u00a00.16\u00a0million) versus PLN\u00a03.3\u00a0million (EUR\u00a00.8\u00a0million) in 2013. The result posted was impacted by the rapid depreciation to the euro of the Russian, Ukrainian and Kazakh currencies in the first quarter. However, in the second quarter of the year, the Group recorded exchange gains, which partially compensated for the loss from the beginning of the year.<\/p>\n
\u201eDespite the highly challenging political and economic market environment in the east of Europe, we are satisfied with Selena\u2019s results. We offset the sales decline recorded in Eastern Europe by growths in other markets. In the second quarter we made up for the loss posted in quarter one, and our net result improved by PLN\u00a017\u00a0million compared to first three months of 2014. All in all, our\u00a0sales rose by 3.6%<\/b>\u00a0and our\u00a0EBIT increased by PLN\u00a06\u00a0million<\/b>\u00a0year-on-year. We carry on with the savings programs for the Eastern markets and keep our\u00a0focus on implementing the strategy centered around increasing innovativeness and competitiveness of the Selena Group products<\/b>. However, with the upcoming quarters in mind, we take into account the persisting political turmoil in the Eastern-European countries and the slowdown we have observed in the mature markets since the second quarter\u201d \u2013 said\u00a0Jaros\u0142aw Michniuk<\/b>, Selena CEO.<\/p>\n
In 2013, Selena adopted its strategy for the years 2014 \u2013 2016. The strategy sets out the Group’s new mission and clearly indicates the actions and programmes to be undertaken in the years to come. The new mission statement: Together we deliver better building performance means an even more effective identification of customers\u2019 needs and providing products that correspond to the global trends and expectations of users in specific areas of construction, finishing and renovation works.<\/b><\/span><\/p>\n Selena\u00a0paid dividend for the year 2013<\/b>\u00a0on 14\u00a0July 2014, following the decision made on 9\u00a0June 2014 by the Annual General Meeting. The dividend totaled PLN\u00a06.39 million, which is PLN\u00a00.28\u00a0per share.<\/p>\n","protected":false},"excerpt":{"rendered":" Selena Group \u2013 global manufacturer and distributor of construction chemistry \u2013 in the first half of 2014 posted consolidated sales of PLN\u00a0503\u00a0million (EUR\u00a0120.3\u00a0million), which is an increase by over PLN\u00a017\u00a0million (EUR\u00a04.1\u00a0million) compared to the same…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/archiwum.selena.com\/en\/wp-json\/wp\/v2\/posts\/12510"}],"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=12510"}],"version-history":[{"count":0,"href":"https:\/\/archiwum.selena.com\/en\/wp-json\/wp\/v2\/posts\/12510\/revisions"}],"wp:attachment":[{"href":"https:\/\/archiwum.selena.com\/en\/wp-json\/wp\/v2\/media?parent=12510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archiwum.selena.com\/en\/wp-json\/wp\/v2\/categories?post=12510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archiwum.selena.com\/en\/wp-json\/wp\/v2\/tags?post=12510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}