Selena Group, a global leader in the production and distribution of construction chemicals and one of the world’s top four manufacturers of polyurethane foam for construction, reported a gross profit of nearly €6 million in the first quarter of 2025. The Group’s operating profit (EBIT) reached €6.8 million, reflecting a year-on-year increase of more than 6%. Additionally, the company posted a 4.6% rise in net profit from continuing operations, totaling €4.7 million, and a gross profit of €5.9 million. These results demonstrate the Group’s financial stability and resilience in the face of macroeconomic headwinds, especially in the construction sector, which remains under pressure.
Navigating a Challenging Sector
Like many companies in the construction industry, Selena faced a difficult business climate in the first quarter of 2025. Globally, geopolitical instability contributed to a decline in demand for construction chemicals. In Poland, rising operating costs, excessive taxation, and still-high prices for raw materials created an unfavorable environment for industry growth. This is confirmed by recent data from Poland’s Central Statistical Office (GUS), which reported that construction output in March 2025 declined by 1.1% year-on-year. Government analysts also noted that the number of completed housing units fell by 4.6%, construction permits dropped by 11.6%, and new project starts declined by 7.3% compared to Q1 2024.
Financial Performance Amid Market Uncertainty
Despite the volatile economic environment, Selena Group managed to maintain its leading market position and deliver strong financial performance. In Q1 2025, the Group recorded:
- EBIT of €6.8 million (+6.1% YoY),
- Net profit from continuing operations of €4.7 million (+4.6% YoY),
- Gross profit of €5.9 million,
- Gross margin of 33.8%, maintaining the level from the same period last year.
“In an environment of weak market conditions in construction, both domestically and globally, the key to maintaining stable and growing operations is careful and agile management, constantly adapting objectives to the rapidly changing landscape,” said Sławomir Majchrowski, CEO of Selena Group.
“Operating across four continents allows us to manage risk more effectively through geographical and product diversification tailored to the real needs of end users. This enables us to maintain stable demand for our products, even in a sector highly sensitive to seasonality,” he added.
Strategic Outlook: Diversification and Expansion
Looking ahead, Selena Group plans to continue pursuing its strategic goals, with a strong focus on portfolio diversification through mergers and acquisitions, both in Poland and internationally. This will be supported by marketing efforts to promote the premium quality of Selena’s products, tailored to the needs of professional construction contractors.
Source: Manager+
