In the second quarter of 2010 Selena Group achieved sales of PLN 236.7 m, which is by 57.7% more than in the corresponding period of 2009. Net profit came in at PLN 20.4 m (versus PLN 3 m for the second quarter of 2009), and operating profit amounted to PLN 12.8 m, more than 40% higher than in the corresponding period of 2009 (PLN 9.1 m). The strong performance in the second quarter of 2010 allowed Selena to make up for the long and severe winter that dealt a hard blow to the construction sector.
Selena Group entered the top ten in the ranking Pearls of the Polish Stock Exchange, in the category “industry and construction”, encompassing 110 companies. Selena also ranked 53rd (out of 348 competitors) in the general ranking. The ranking of the most valuable companies in the Warsaw Stock Exchange was prepared by the daily Parkiet.
In the first quarter of 2010, Selena Group posted sales of PLN 132 m, up 30% on the corresponding period of 2009. The higher sales led to a 21% increase in gross profit, which amounted to PLN 43 m. The Group’s gross profit margin was 32%. The Group posted an operating loss of PLN 3.4 m compared with the operating profit of PLN 1 m recorded in 2009. The net loss in the first quarter of 2010 was PLN 5.4 m. In the period from January to March 2010, Selena Group’s trading performance was affected by seasonality in the construction sector, the cost of geographic expansion and integration of new entities.
The Group has launched innovative sealing and insulating products: Tytan Professional Rapid Acrylic Filler and Tytan EOS Adhesive for XPS boards and polystyrene. The new products were for the first time presented during the 8th edition of the PSB Construction Fair that took place in Kielce in 15-18 April. Selena’s stand also displayed roofing felt and shingles of Matizol.