Brzeg Dolny, Poland — PCC Rokita reported record sales in 2021, of about PLN2.2bn (€467.2m). This is up 49.3% on 2020.
Net profit was PLN417m, a robust 355% increase year-on-year. The PU segment played a key role in expanding the company’s sales, according to the group’s recently released annual report.
'The year 2021 was the best in this segment’s history, in particular in the field foam sector. The EBITDA result of this segment increased by 203% compared with 2020,’ the company said in an accompanying statement.
‘Product prices remained at a high level which was due to the result of a limited availability of polyols and the significant market demand for them. As a result, we have also reported a record profitability for this group of products.’
In 2021, the PU segment generated PLN1.28bn (€271.9m) in sales, and EBITDA of PLN329.7m (€70m).
However, the Brzeg Dolny-based company remains cautious about the outlook for 2022.
'The beginning of 2022 is characterised by a noticeable drop in the market demand,' it said. 'If such a situation continues over a longer period, this could lead to a gradual decrease in the prices of PU products.'
PCC Rokita is a subsidiary of Germany’s PCC SE group, and has been listed on the Warsaw Stock Exchange (WSE) since 2014. The group consists of 27 companies.
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