Selena Group, one of the leading producers and distributors of construction chemicals and the owner of the TYTAN brand – after three quarters of 2019 reports a net profit increase of nearly 100% YoY – to PLN 46.98 million. In this period, revenue exceeded PLN 1 billion, up 8.8%, while EBIT rose by 34% to PLN 64.42 million. In 2019, the company maintained its sales dynamics on the back of organic growth. Its gross profit margin increased as well, helped by a higher share of innovative products and favourable raw material prices.
The manufacturing plants of Orion PU sp. z o.o. – the company of Selena Group, owner of the Tytan brand and one of the world’s three largest manufacturers of polyurethane foams for construction – have been awarded in the Polish edition of the Healthy Workplaces Good Practice Awards organised by the European Agency for Safety and Health at Work (EU- OSHA) as part of the Europe-wide Healthy Workplaces Manage Dangerous Substances campaign.
Selena Group, one of the leading producers and distributors of construction chemicals and the owner of the TYTAN brand – posts a net profit increase of 89.8% YoY – to PLN 20.72 million – in the first half of 2019. Revenue in this period amounted to PLN 617.16 million, up 6.3%, while EBIT rose by 84.8% to PLN 34.64 million. The H1 result is a continuation of the trend noted in the first quarter, when the company’s profit increased compared to the previous year.
Both Europe and developing countries continue to see a huge demand for construction works. For this reason, ensuring the proper number of qualified employees is of critical importance. Meanwhile, most difficulties in this area are common. 17.4 thousand unfilled posts were reported in Poland in Q4 2018. Spain is experiencing a rapid ageing of its workforce – merely 19% of employees are under 35 years of age.