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Pressemeldungen

SPOLCHEMIE profitable last year, EBITDA doubled


23.03.2016

A positive consolidated operating profit before depreciation and interest (EBITDA) in ammount of 486 mil. CZK (18 mil. EUR) in 2015 has been registred by major Czech chemical producer SPOLCHEMIE, based in North-Bohemian town of Ústí nad Labem. Last year´s economical results has not yet been consolidated or audited for this leading European manufacturer of resins, alkalis and chlorine derivatives, but preliminary turnover has reached as much as 5.4 billion CZK (200 mil. EUR).

"Already the preliminary figures shows that we have managed to fulfill the main objectives set for the previous year: return to profitable operations, stabilizing cash flow and achieving significant annual increase in EBITDA," commented the positive results CEO of SPOLCHEMIE Daniel Tamchyna.

The positive results have been also achieved thanks to the company's management tough restructuring plan, reducing operating costs and strong demand from company´s European customers.

SPOLCHEMIE is celebrating its 160th anniversary this year and is now in the process of completing its key investment which is the construction of a new membrane electrolysis. With investment cost of about 1.7 billion CZK (629 mil EUR), it should be into operation by this fall and will help SPOLCHEMIE to consolidate its leading position in hydroxide and chlorine chemistry in the European market. Spolchemie traditionally ranks among the largest Czech exporters (19th place in the Czech Republic and 1st place in the Usti Region), its products are known to customers in 70 countries on five continents.

 Press release (eng) 003/2016 download HERE

Press contact: Jan Charvát, tel: +420 608 827 381,charvat@ccgpr.cz



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