Selena – a global leader and distributor of construction chemicals and one of the four largest global producers of mounting foams for construction – presents a set of results confirming stable health of the whole Group and a steady eye on the adopted business goals and directions. In 2023, Selena Group increased its gross profit margin to more than 30% with revenues at PLN 1.8 billion. In accordance with its main development goals, the company increased the contribution of sales generated in Western Europe to 23.9% (+ nearly 3 p.p.).
We used last year to expand geographically, both in terms of sales and production capacity, allocating appropriate budget to targeted acquisitions. In 2023, we finalized the acquisition of the Portuguese company Imperalum, a manufacturer of bituminous products. By taking control of 100% of the capital and voting rights, we have strengthened our offering in waterproofing solutions not only in Portugal, but also in Western Europe, where we have the ambition to establish ourselves firmly as an international player
- says Sławomir Majchrowski, CEO of Selena Group.
Sławomir Majchrowski, CEO of Selena Group
We also concentrate on thermal upgrade and waterproofing solutions. Furthermore, we’re mindful of the expected inflow of National Recovery Plan funds, a significant part of which will be allocated to sustainable transport, transformation and energy efficiency projects. This presents an opportunity for the construction sector to develop those projects, which will be of great importance for entities such as Selena
- says Krzysztof Ościłowicz, CFO of Selena Group.
Krzysztof Ościłowicz, CFO of Selena Group