The CIECH Group, a leading manufacturer of, among others, soda and salt in Europe, in the first quarter of 2021 recognised an annual increase in revenues (by 9%) and adjusted EBITDA profit (by 59%). At the same time, fixed expenses remained under control (-3% y/y) despite growing inflation pressure, and the level of debt dropped to 2.20 (net debt to EBITDA ratio), compared to almost 2.57 a year earlier. The revenues and profits of the smaller segments (Foams, Agro, Silicates) grew dynamically, whereas in the core soda segment, the key event was the completion of the main construction work at the new evaporated salt plant in Stassfurt – an investment of PLN 600 million. In May, the first batch of wet salt and salt tablets for water treatment was manufactured there.
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