Selena Group: financial results for Q1 2020
Selena Group, one of the leading producers and distributors of construction chemicals and the owner of the TYTAN brand – posted a net profit of PLN 5.2 million in the first quarter of 2020. In this period, revenue exceeded PLN 282.2 million, up 4.3%. EBIT was PLN 9.1 million, down 10.1% year-on-year. In the first quarter, the global coronavirus pandemic did not have a major effect on the Group's financial results, but the company is already observing the outbreak’s increasing adverse impact on the construction materials market in all the countries in which the Group operates.