The current situation in the raw materials market is unprecedented and it’s hard to predict how it will develop going forward. Selena Group’s Management Board devotes a lot of time and attention to monitor the present price fluctuations and global supply chain disruptions in order to ensure active and fast response to changes. We flexibly adapt our strategy to individual markets, and so far our actions have brought the expected results. However, at times the increases in raw material prices are so strong and unpredictable that we are unable to update our product price lists equally fast owing to limitations in some contracts. Due to the unstable raw materials situation, we also allocate more funds to working capital, including inventories”
says the CEO of Selena Group Jacek Michalak.
Last quarter, we continued the upward trends and delivered on our objectives. We also have our finger on the pulse in the context of the volatile raw materials market, and respond flexibly to any developments. When introducing possible updates to our product price lists, we take into account many aspects, including the ability to achieve acceptable margins, retain existing customers and keep certain market shares”
says Sławomir Majchrowski, the Chief Commercial Officer & Vice President.
Selena Group builds its competitive edge in the market based on its international team. It’s thanks to the engagement of each of our employees that we have managed to reach robust performance in another quarter. At present, Selena is well-perceived by the employment market. New people are happy to join us and we wish to strengthen the Group’s image as a good employer. We continue building our development programs, including with the ICAN Institute. We create a conducive environment and offer real development opportunities at a global company to acquire the best talent for our team”
Andrzej Zygadło said.
