The Management Board of CIECH S.A. decided to pay an interim dividend for 2022, in the amount of PLN 79 million, i.e. PLN 1.50 per share. The record date for determining the rights to the advance payment for dividend is December 22 – the payment date is set on December 29. Following a positive audit of the company's nine-month financial statements by an independent auditor, the interim dividend must be approved by the company's Supervisory Board. The regular payment of dividends to shareholders is an important element of the CIECH Group's strategy for 2022-2024.

The amount of interim dividend will not exceed half of the company's standalone profit earned in the period from January 1 to September 30 of 2022. The company's separate and consolidated report for the third quarter will be published on November 29.

- The Group's good financial position and favourable recent months of business operations enable us to realise our declarations on the interim payment of dividend for the year 2022, in the amount of PLN 79 million. This decision does not affect the implementation of development and transformation projects carried out as part of the CIECH Group's strategy for 2022-2024 – says Dawid Jakubowicz, President of the Management Board of CIECH S.A.

The distribution of an interim dividend is a solution provided for in the Code of Commercial Companies (article 349 par. 1). An interim dividend may be paid by a company that has sufficient own funds and recognised a profit in the previous fiscal year. 

Its amount may not exceed half of the profit achieved since the end of the previous fiscal year, as disclosed in the financial statements audited by a statutory auditor, increased by reserve capitals created from profit, which may be used by the Management Board for the payment of interim dividends, and decreased by uncovered losses and own shares. The possibility of paying an interim dividend must be provided for in the company's Articles of Association.

After the first half of 2022, CIECH Group generated PLN 148 million of net profit from continuing operations (+14% y/y). The normalised EBITDA amounted to PLN 431 million (+5% y/y), which translates into the fulfilment of the full-year forecast at the level of 55-58%.

Contact: 

Mirosław Kuk, Rzecznik Prasowy Grupy CIECH

miroslaw.kuk@ciechgroup.com, tel. +48 723 66 86 86.

We invite you to follow CIECH Group's main social media:

LinkedIn: https://pl.linkedin.com/company/ciech-sa/;

Twitter: https://twitter.com/RzecznikCIECH.

CIECH is an international developing chemical group with a strong position on global markets. It is the second largest manufacturer of sodium carbonate and sodium bicarbonate in the European Union, the largest manufacturer of evaporated salt in Poland, the largest supplier of sodium silicates in Europe, the largest Polish manufacturer of plant protection products, and a leading producer of polyurethane foams in Poland. Its factories are located in Poland, Germany and Romania, and it employs over 3,000 people throughout the EU.

Since 2005, CIECH S.A. has been listed on the Warsaw Stock Exchange, and since 2016, simultaneously, on one of the largest stock exchanges in Europe - Börse Frankfurt. The development of the Group is supported by its strategic investor – Kulczyk Investments.

As one of the largest Polish exporters, CIECH ships its goods to almost each continent. They are used to manufacture products necessary in the everyday life of millions of people around the world. That is why the Group is a crucial element of numerous sectors of the economy – construction, automotive, agriculture, chemical, food and pharmaceutical industries.

CIECH combines a modern business approach and care for sustainable development. Since 2020, it has been a member of the United Nations Global Compact - the world's largest initiative that brings together socially, environmentally and economically responsible businesses.

Since 2021, CIECH has been consistently implementing its ESG Strategy, which includes eight commitments in the field of climate policy, social relations and corporate governance.

More information about the CIECH Group can be found at www.ciechgroup.com.