• Sales increased to €648 million
• Chemicals division remains primary revenue and earnings generator
• Contribution to earnings by Polyols segment biggest by far
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Duisburg, in March 2015. Fiscal 2014 saw PCC SE increase consolidated seals to €648 million. It therefore posted a plus of 3.8% or €24 million year on year, despite the Ukrainian crisis and falling commodity prices. Sales in the fourth quarter of 2014 rose to €149 million compared to €147 million in the prior-year period. Earnings before interest, taxes, depreciation and amortization (EBITDA) as of December 31, 2014 amounted to €51.4 million, 8.1% above the 2013 figure. PCC’s EBITDA for the final three months of 2014 came in at €20.4 million. Earnings before taxes (EBT) for the full fiscal year showed an increase of 13.4% to €11.8 million. In the fourth quarter, EBT amounted to €10.8 million. On the operating side, the Polyols segment made by far the biggest contribution to earnings.*“Once again, our primary revenue and earnings generator was our Chemicals division. Taking all its product segments as a whole, this business generated sales of €578 million,” commented Waldemar Preussner, Chairman of the Administrative Board of PCC SE. The PCC Group owns a network of production facilities – predominantly in Poland – in which it manufactures polyols, surfactants, chlorine, specialty chemicals and consumer products. The Chemicals division’s fourth-quarter sales came in at €131 million.
The Group’s Logistics division posted annual sales as of December 31, 2014 amounting to €51 million, of which €13 million was generated in the last three months of the year. This reflects the continued strong performance of PCC Intermodal S.A., Gdynia (Poland), achieved on the back of further improved utilization of its container block train routes and growth in terminal handling volumes. Sales of the Energy division of the PCC Group in 2014 came in at €11 million, with €3 million generated in the fourth quarter.
At the holding company level (Holding segment), earnings were boosted in the fourth quarter by successful execution of the planned sale to Icelandic co-investors of 13.5% of the shares in the Icelandic project company PCC BakkiSilicon hf, Húsavík.
*Annual financial statements 2014 not yet certified. Audited figures due for publication in the course of Q2/2015.