Rokita Sales Update
Stagnant flexible foam market hits Rokita in H1 2019
Sales in the division were almost unchanged at PLN 353m in first half of 2019.
The company blamed the ‘stagnant’ European flexible foam market for the situation. It added that high market availability of polyether polyols depressed prices in the half. It said there was ‘an intensive inflow of goods from the Sadara complex.’
Looking across the company, sales were PLN 734m the first half 2019.This higher by 1.8% than the same period in 2018.
Meanwhile, EBITDA in the company grew by 2%. The company generated earnings of PLN 132m in the first half.
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