{"id":5095,"date":"2025-05-06T10:40:13","date_gmt":"2025-05-06T08:40:13","guid":{"rendered":"https:\/\/geschaeftsbericht-2024.pcc.eu\/information-for-our-investorsto-the-investors\/pcc-shareholdings-on-the-polish-stock-exchange\/"},"modified":"2026-06-22T09:49:23","modified_gmt":"2026-06-22T07:49:23","slug":"pcc-shareholdings-on-the-polish-stock-exchange","status":"publish","type":"page","link":"https:\/\/geschaeftsbericht-2025.pcc.eu\/en\/information-for-our-investors\/pcc-shareholdings-on-the-polish-stock-exchange\/","title":{"rendered":"PCC shareholdings on the Polish stock exchange"},"content":{"rendered":"\t\t
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Market value of the listed PCC companies: \u20ac 322.3 million<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tTwo PCC Group companies \u2013 PCC Rokita SA and PCC Exol SA \u2013 remained listed on the Warsaw Stock Exchange (GPW). PCC SE maintained its majority shareholdings in both Polish companies. Based on published shareholder notifications and disclosures, 16,728,811 shares of PCC Rokita SA, representing 82.58 % of its share capital, and 151,648,640 shares of PCC Exol SA, representing 87.09 % of its share capital, were attributable to PCC SE.The stock exchange listing of these companies enables continuous external market-based price formation and thereby provides transparency in valuing these equity interests. At the same time, it effectively serves to open up the possibility of structuring future financing measures with direct access to the capital markets, and facilitates access for both institutional and private investors.
<\/br>\n\nThe capital market environment in 2025 was shaped by a generally moderate but uneven macroeconomic backdrop. The International Monetary Fund projected global economic growth of 3.2 %, while forecasts for the euro area indicated 1.4 % growth with average inflation of 2.1 %. For Poland, the growth expectation published by the Polish Central Bank stood at approximately 3.6 %, with inflation of around 3.9 %. As a result, Poland\u2019s overall economic environment proved more robust than that of many Western European countries, even though industrial demand right across Europe remained subdued.
<\/br>\n\nMonetary policy also influenced the stock market environment in 2025. In October 2025, the Polish Central Bank reduced its reference interest rate to 4.50 %. Lower interest rates generally support equity markets by improving financing conditions and increasing the relative attractiveness of equities compared to fixed interest alternatives. In the chemicals sector, however, the positive impact of this stimulus remained limited. Key reasons included the still slow recovery of important European sales markets, muted industrial demand, and persistently high competitive and pricing pressure across large parts of the sector. In addition, sustained supply-side pressure \u2013 particularly from Chinese imports \u2013 weighed on the market environment, while investment activity in many customer industries remained restrained, resulting in only a modest improvement in expectations for a broader demand recovery over the course of the year.
<\/br>\n\nAlthough the energy environment eased somewhat compared to prior years, energy-intensive industrial companies did not experience a full return to pre-crisis cost structures prevailing in Europe. Despite declining energy prices, cost levels in many areas remained above pre-crisis levels and thus continued to significantly influence competitiveness and margin development. The relief on the cost side therefore was only enough to partially offset the structural burdens facing the chemicals sector.
<\/br>\n\nAgainst this backdrop, the European sector index STOXX Europe 600 Chemicals was marked by elevated volatility in the 2025 trading year. At year-end, the index stood 6.8 % below its level at the beginning of the year. The performance of chemical-related equities in 2025 continued to depend heavily on the respective business model, earnings stability, and the credibility of investment and financing strategies. Capital market attention focused particularly on companies able to demonstrate resilient operating performance, stable cash flows, and a clear strategic orientation even under challenging conditions.These factors also shaped the performance of the two listed PCC companies. Share price developments of the PCC subsidiaries, measured in Polish z\u0142oty (PLN), were mixed but overall showed a predominantly positive trend. At the same time, the PLN appreciated significantly against the euro. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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