We chem do better

CIECH – and as of June Qemetica - has committed to reducing CO₂ emissions from Scope 1 and Scope 2 by 63% by 2033 relative to the base year 2019, and has been successfully validated in the Science Based Targets (SBTi), an initiative supporting companies in setting their climate goals based on established scientific knowledge. The Group confirmed its goal in the SBTi as one of the first large industrial companies in Poland.

In June, the name of the Qemetica Group companies will change. The abbreviation Qemetica will be replaced by the new name: Qemetica. The planned change is a further consistent step in the Group's chemical transformation after the investment holding Kulczyk Investments became a strategic investor 10 years ago, as well as a direct consequence of Kulczyk Investments taking full control of the Group and completing its listing on the Warsaw Stock Exchange in March this year. At the same time, Qemetica has set strategic goals for the next 6 years which, in addition to growth in financial performance, include the implementation of ambitious ESG-related plans, including a 45 percent reduction in CO₂ emissions by 2029. Each of the group's seven businesses - Soda, Salt, Agro, Foams, Silicates, Packaging and Cargo - has specific business goals for 6 years.

The Management Board of Qemetica S.A. informs that on November 24, 2023 the Company filed application to the Financial Supervision Authority for permission to withdraw Qemetica S.A. shares from trading on the regulated market operated by the Warsaw Stock Exchange ("WSE"), pursuant to Article 91 Section 1 of the Act of July 29, 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading and Public Companies.

Qemetica Soda Polska - one of the largest producers of dense and light soda ash (sodium carbonate) in Europe - is to allocate nearly PLN 300 million in 2023 to implement its multi-year programme for the transformation of the Qemetica Group's soda business, including numerous investments in improving the energy and process efficiency of its Inowrocław and Janikowo soda plants. Despite the scale of the challenges involved, the company does not forget about the local community and has been gradually increasing its involvement in its life for several years. Currently, applications are being accepted under the first edition of the Social Initiatives Support Fund, founded, among others, by Qemetica Soda Polska. The company - together with EEW - wants to allocate PLN 6 million over the next six years to finance ideas that are valuable to the local community.

After nine months of 2023, the Qemetica Group generated PLN 34 million in net profit on continuing operations, i.e. 85% less than in the same period of 2022. Adjusted EBITDA decreased by 17% - to PLN 551 million year on year. The Group is achieving the best possible financial results in the continuing difficult conditions of weakened global economic situation. Due to, among others, the growing importance of the modern evaporated salt plant in Stassfurt, Germany, the Salt business improved its revenues by almost half - to PLN 376 million (from PLN 255 million, an increase of 47% year on year). Thanks to this, the Group maintained the results of the key Soda segment (Soda and Salt businesses), which generated PLN 457 million of EBITDA compared to PLN 476 million in the same period last year. Compared to last year, the economic situation in the markets where the Qemetica Group operates remains unfavourable. However, the Group actively responds to any market challenges, focusing on generating cash flows and optimising its investment expenses. The Group’s individual businesses are reducing their fixed costs while continuing key investments to ensure their development and competitiveness as well as the implementation of the ESG Strategy goals.