PCC Group publishes report Q1/2023:

Duisburg, May 17, 2023. The start into fiscal 2023 has been positive for the PCC Group. Q1/2023 report highlights:

Duisburg-based investment holding company PCC SE posted a good start to fiscal 2023, although results remained below last year’s record figures, in line with our expectations. Group sales reached €312.6 million in the first quarter, down 9.5% year on year. “The first quarter of 2023 was characterized by lower sales volumes and prices caused by lower demand and increasingly strong competition from various countries outside Europe”, said Ulrike Warnecke, Member of the Executive Board of PCC SE. “Fortunately, most purchase prices of raw material inputs were also on the decline in the first quarter of 2023, and consequently our gross margin came in even higher than expected, at 35.8 %,” she continued.

The aforementioned Group financials are unaudited. Detailed information on business performance in the first quarter can be found in PCC Group Quarterly Report 1/2023, available for downloading as a PDF file here.

Headquartered in Duisburg, Germany, PCC SE is the parent and investment holding company of the globally active PCC Group with its approx. 3,400 employees. Its Group companies have core competencies in the production of chemical feedstocks and specialty chemicals, silicon and silicon derivatives, and in container logistics. An investor committed to the longer term, PCC SE concentrates on continuously increasing the enterprise value of its portfolio companies through sustainable investments and the ongoing creation of new value. The largest chemical producers of the PCC Group are PCC Rokita SA, a major chlorine manufacturer and Eastern Europe’s leading producer of polyols, and PCC Exol SA, one of Europe’s most advanced surfactant manufacturers. PCC BakkiSilicon hf. operates in Iceland one of the world’s most modern and climate-friendly silicon production facilities. PCC was founded in 1993 by Waldemar Preussner, sole shareholder of PCC SE, who today holds the position of Chairman of the Supervisory Board. The PCC Group generated consolidated sales of around € 1.3 billion and earnings before interest/financial result, taxes, depreciation and amortization (EBITDA) of some € 292.0 million in fiscal 2022, with capital expenditures in the same year amounting to around € 116.3 million.