Duisburg, May 9, 2022. Today sees PCC SE publish its audited and certified consolidated financial statements covering an outstanding fiscal 2021 in the form of the 2021 PCC Group Annual Report (German version). “The success we are now enjoying is the result of our corporate strategy geared toward long-term value creation,” explained Dr. Peter Wenzel, CEO of PCC SE. “Over the past decade, we have assigned approx. one billion euros to growth investments, the fruits of which we are now beginning to reap.”
PCC increased Group sales in fiscal 2021 by 37 % to € 979.6 million, with high demand and in some cases substantial price increases for chemical products being the main growth drivers. Revenue and earnings were further boosted by the commissioning of expansion investments in the Chemicals division and the successful restart of our silicon metal plant in Iceland.
Consolidated earnings before interest, taxes, depreciation and amortization increased to € 197.5 million, up 136 % from 2020 and 100 % from the last pre-coronavirus year 2019. Earnings before taxes (EBT) also improved significantly to € 91.7 million compared to a loss of € -38.4 million in the previous year, as did operating cash flow at € 129.9 million, up 13 % year on year.
You can access and download our 2021 Annual Report here >>