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Halvetic in Italy, expansion into new markets, ongoing campaign in Poland – "Halvetic 100% Certainty"
Italy is another market where Halvetic, a breakthrough plant protection product developed and produced by Qemetica Sarzyna, is now available. The registration processes are also underway in Estonia, the United Kingdom, Germany, Finland, Croatia, and Uruguay. As a result, this innovative product based on the patented Better Glyphosate Technology (BGT) may soon be available in 18 countries. In addition, thanks to the expanded registration, Halvetic can also be used in minor crops, contributing to its versatility and usefulness for farmers and gardeners. Simultaneously, Qemetica Sarzyna is launching the "Halvetic 100% Certainty" campaign, aimed at assuring customers that the BGT technology they have at their disposal ensures effective operation.
The CIECH Group: EBITDA result in the first quarter of 2023 at a similar level to the previous year despite a weakening macroeconomic environment
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.
Kamil Majczak appointed as the President of the Management Board of CIECH S.A., Marcin Puziak assumed the position of a new CFO; outgoing Members of the Management Board join the Board of Kulczyk Investments
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.