Tytuł

Qemetica S.A. and ORLEN Synthos Green Energy have signed an agreement regarding the verification of the feasibility of implementing a modular nuclear power plant construction project. The purpose of the agreement is to establish the principles of cooperation in verifying variables related to the development of SMR in BWRX-300 reactor technology.

Qemetica Vitrosilicon, one of the leading European producers and the sales leader of sodium silicates, took first place in the category of medium-sized enterprises during the 14th edition of the "Lubusz Business Leader" competition. This distinction is awarded to companies that particularly support the development of the region. On October 19th, during a ceremony at the Lubuski Theater in Zielona Góra, the awarded companies received commemorative statuettes and certificates from the Marshal of the Lubusz Voivodeship.

Qemetica Group – the second-largest producer of soda ash and baking soda in the European Union, participated in the annual, largest conference for producers of these raw materials. The event, held in Athens from October 10 to 12, 2023, remains the most important gathering for both soda ash producers and buyers. During this year's edition, Kamil Majczak, the President of the Management Board of Qemetica S.A., presented the Group’s track for reducing the carbon footprint in production and discussed the implementation of CIECH's ambitious climate goals.

The jury of the 18th edition of the prestigious competition "The Best Annual Report" recognized Qemetica S.A.'s report for the year 2022 as one of the best in the "Enterprises" category, awarding it the third main prize. The competition organized by the Institute of Accounting and Taxes aims to promote annual reports with the highest utility value for investors and shareholders, prepared by companies listed on the Stock Exchange. This year's award goes to the Qemetica S.A. team for the eighth time in the entire history of the prestigious competition.

On October 10, 2023, Qemetica Soda Polska, the largest producer of soda ash in Poland, Central, and Eastern Europe, as well as a leading producer of evaporated salt in Poland, was honored with the prestigious "Employee-Friendly Employer" award in the 15th edition of the competition. The distinction was presented by Andrzej Duda, President of the Republic of Poland, during a ceremony at the Presidential Palace. The competition was organized by the NSZZ "Solidarity" under the honorary patronage of the Head of State.

In the first half of 2023, Qemetica Group generated PLN 2,917 billion in revenue, which is 18 percent higher than in the corresponding period of the previous year. The company reported an adjusted EBITDA result of PLN 365 million, indicating a decrease of 15 percent year-on-year, and recorded a net loss of PLN 17 million. After a record-breaking 2022, the second quarter of the current year was a continuation of the period of deteriorating economic situation, reflected in low demand for Qemetica Group's products. Nevertheless, Qemetica maintains the fulfillment of its forecast, according to which the (adj.) EBITDA result for 2023 is expected to be PLN 860-920 million. The Group remains committed to investments that aim to ensure its further development and greater competitiveness in a demanding market.

Music, fun, free preventive health screenings, delicious food, and plenty of attractions and games with prizes, including those from EEW – nearly 2.5 thousand people participated in the Qemetica Fest family picnic on Saturday, June 17. This was the third outdoor gathering for employees and their relatives from Qemetica companies in the Kujawy region. All attractions and zones within the picnic were unlimited, free, and available to every participant. The event took place at the OSiR Stadium in Inowrocław, located at 93 D. Rakowicza Street, in the immediate vicinity of the Qemetica Soda Polska production plant.

The Qemetica Group actively participated in the jubilee 10th Polish Chemistry Congress, which took place on June 13th and 14th at the Lublin Conference Center. The event, themed "Development – Sustainability – Future," has been organized by the Polish Chamber of Chemical Industry and remains crucial for the chemical industry in Poland for the past decade. This year, nearly 400 experts from the fields of science, business, industry organizations, and politics from Poland and Europe, including representatives from Qemetica, gathered in Lublin. The Group was also honored with the title of Ambassador of Polish Chemistry for its significant contribution to the development of the chemical industry and its commitment to sustainable growth and the future of the sector.

In the first quarter of 2023, the Qemetica Group generated PLN 217 million of (adj.) EBITDA, representing a five percent decrease compared to the corresponding period of the previous year. At the same time, it was the fifth consecutive quarter when consolidated EBITDA was twice the amount of capital expenditures. The debt of the Group and available cash remained at a safe level. The first quarter of the current year showed a reversal in market trends due to the deteriorating macroeconomic situation, resulting in a decrease in the margin. In the face of economic slowdown, the Qemetica Group has a diversified and flexibly managed business portfolio. As assessed by the company, the (adj.) EBITDA result for 2023 may amount to PLN 860-920 million, entailing the achievement of the strategic goals for the years 2022-2024.

On 25 May, Kamil Majczak, a Member of the Management Board of Qemetica S.A., was appointed its President by the Supervisory Board of the company. Simultaneously, Marcin Puziak, the Controlling Director, assumed the position of Chief Financial Officer (CFO) as a Member of the Management Board. The President of the Management Board of Qemetica S.A., Dawid Jakubowicz, and a Member of the Management Board responsible for Financial Affairs, Jarosław Romanowski, resigned on Thursday due to their planned positions in the Management Board of Kulczyk Investments – an indirectly controlling company of Qemetica S.A.