PCC Rokita Group obtained the best results in history for 2016. The EBITDA profit of the Group reached the record level of 290 million PLN and was higher than the profit for the analogous period of the last year by 133.1 million PLN (+ 84.7%).

The consolidated net profit also increased and amounted up to 202.7 million PLN compared to 84.8 million PLN in 2015 (+ 139.2%). The consolidated sales income of the Group increased compared to the income for the analogous period by 58.4 million PLN (+ 5.6%). The Group also reached higher levels of profitability. The EBITDA overhead reached 26.2% (+11.2 p.p. y/y), and the gross overhead on sales was 28.1 % (+ 6.8 p.p. y/y). Shares of PCC Rokita, the dominant entity of the Group, have been traded since 2014 on the regulated GPW market. The company is included in the following indices: sWIG80, WIG-chemia, WIGdiv and Respect Index.

In 3 months, we will witness our third anniversary of our Stock Market debut – said Wiesław Klimkowski, President of the Board of PCC Rokita SA. – I think the investors who have been with us during that period can be definitely satisfied. During the first public emission, IPO, we have presented a consolidated EBITDA profit for 2013 of 120 million PLN, and it showed a rising trend over the next years, eventually reaching 290 million PLN in the previous year, 2016. This indicates an over three-fold increase over the last three years. The net profit showed an even bigger increase and increased from 50 million PLN to over 202 million PLN.

The results obtained in 2016 stem from several sources. The market situation in the chloroderivative sector was favourable thanks to the increasing prices of sodium lye and caustic soda. Thanks to the executed investment in a highly effective, pro-environmental membrane electrolysis installation, the company was also a beneficiary of a so called “white certificate” programme. The company also obtained very good results in the second main segment, polyurethanes, despite less favourable market conditions. The Group has optimised its portfolio in this field and increased its share in sales of high-margin, specialised products, at the same time limiting the share of mass products.

We believe that an ambitious and focussed investment policy is the key to the success of our Group. – concluded Rafał Zdon, Vice-President of the Board of PCC Rokita SA. – We have increased our production capacity in the polyurethane segment, both this year and in the previous one, expanding the portfolio with new products, such as polyester polyols. We are also analysing the options of future investments, increasing our production capacity in the chloroderivative sector.

The company is actively looking for opportunities of further growth, including the growth potential of Asian markets. PCC Rokita has been involved in Thailand since 2015, where it formed IRPC PCC – a commercial company, in a cooperation with its local partner. The next step involved the 2016 decision on purchase of a part of shares in the production company IRPC Polyol. In 2017, a company of PCC Rokita Group signed a contract with companies of Petronas Group, intended to start preparations for execution of a potential production investment in Malaysia.

The company has also been present on the catalyst market since 2011 with its bonds. In 2016, PCC Rokita issued bonds within the 4th Bond Issue Programme and managed to obtained over 80 million PLN from this source.

We are trying to use all potential business opportunities, both in the country and abroad – said Rafał Zdon, Vice-President of the Board of PCC Rokita SA. – on the other hand, however, bearing in mind the 2008/2009 financial crisis, we take care of a safe funding structure, which includes bonds directed to individual issuing parties, as a very important element. We are also enjoying excellent cooperation with the banking sector.

The company has presented its first ever consolidated reports, including financial and operational reports, taking into account the division of its business into segments. Thus, the 2016 yearly report contains more detailed information about our current operation and about development plans of PCC Rokita Group.

We are responsive to the suggestions of our investors – said Wiesław Klimkowski, President of the Board of PCC Rokita SA. – for the needs of reporting, we have divided our business operation into five segments and significantly increased transparency of information presented in our Board report and the financial report.