Wroclaw, Poland – Building products company Selena generated sales of PLN787.7m ($203m) in the first half of 2021. This is up 30.8% on the same period last year.
EBITDA across the business rose by 11.4% to PLN 69.79m in the half.
The company said the rebound in EBITDA and sales was a result of the easing of coronavirus restrictions in the first half of 2020.
'We are very satisfied with how well we have worked through the period of rapid changes on the market,’ said CEO Jacek Michalak. ‘If the pandemic situation does not worsen significantly in the coming months, we will expect further equilibrium in the commodity prices market. This will be conducive to strengthening our sales and market position.'
Raw material price rises were noticeable in the first half, the company said. These reduced EBITDA as a proportion of sales.