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SPOLCHEMIE 2Q 2015 results: increased turnover, profitable


Annual increase in revenues by almost 10 percent to 2.5 billion CZK (EUR 92,6 mil.) and creating a net profit of 71 milion CZK (EUR 2,6 mil)  has been achieved within first six months of 2015 by key Czech chemical producer SPOLCHEMIE, based in Usti nad Labem, Northern Bohemia. Key factors behind positive economic results of the company were caused not only by strong demand from its European customers, but also due to a consistent implementation of the restructuring plan, the stabilization of working capital and reducing of operating costs.

"We have significantly exceeded our annual plan in the first half of 2015. Compared to the last year, we have almost doubled EBITDA from CZK 130 mil. (EUR 4,8 mil) for the first 2Q of 2014 to CZK 280 mil. (EUR 10,37 mil.) this year," said Daniel Tamchyna, CEO of SPOLCHEMIE. In addition, EBITDA for the first seven months of this year amounted to a total of CZK 353 mil. (EUR 13 mil.) compared to CZK 160 mil. (EUR 5,9 mil.) in 2014.

"We have significantly changed the structure and number of suppliers and signed long-term strategic agreements, thanks to which we are successful in filling up our production capacity. In addition, we have managed  to increase sales not only of commodity epoxy resins, but also sales of specialities. This has resulted in gradually increasing the overall profit margin," explained Daniel Tamchyna.

Downloading the Half-Year report 2015 here

Jan Charvát, media relations, tel: +420 608 827 381,

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