The European Business Awards sponsored by HSBC has announced that Selena FM S.A. is to represent Poland in the prestigious 2010 Awards programme. Selena has been selected as one of 25 Country Representatives and will now compete for a coveted Ruban d’Honneur in the next round of the competition. Final category Award winners will be unveiled in Paris on 16th November.
Tytan Professional was placed among the leaders of the consumer ranking TOP BRAND 2010. This is another recognition that confirms the high quality of the Tytan Professional products appreciated by the Polish consumers.
On 12 March 2010 Selena FM SA finalised its agreement with Boryszew SA to acquire 100% stake in Przedsiębiorstwo Materiałów Izolacyjnych “Izolacja - Matizol” SA of Gorlice. The contract was finalised following positive decision of the President of the Competition and Consumer Protection Authority issued on 24 February 2010. As previously announced, the value of the deal is PLN 18.5 m.
After the four quarters of 2009 the Selena Group posted cumulative sales of PLN 651.1 m vs. PLN 529.6 m achieved in 2008, which is an increase by 23%. The gross profit in this period amounted to PLN 233.5 m, up 45%. The operating profit came in at PLN 20.9 m, compared with PLN 7.7 m posted in 2008. The net profit was PLN 4.7 m.