ECONOMY
Sales development
Difficult year for the CHT Group
The CHT Group closed the 2023 financial year with a reduction in sales, in line with the trend in the chemical industry. At EUR 601 million, Group sales at the end of 2023 were 14 % down on the previous year. This is mainly due to lower prices, in particular due to lower raw material prices and lower volumes as a result of weak demand. In addition, exchange rate changes also have an impact on sales due to the international nature of the CHT Group.
Turnover by region
Sales in EMEA, the largest sales region (52 % of total sales), fell by 11 % in 2023 compared to the previous year. Following the outbreak of the war in Ukraine, all of the CHT Group’s supply relationships with Russia and Belarus have been severed, which has also had an impact on sales development within EMEA.
The AMERICAS region (27 % of total sales) saw the largest reduction in 2023, with a 24 % drop in sales. Sales in the APAC region fell by 8 % in 2023 compared to the previous year.
Turnover by Business Field (BF)
In BF Textile, which generates the highest turnover, sales were 12 % down on the previous year.
In BF General Industries, sales fell significantly by 25 % compared to the previous year.
BF Construction & Assembly also closed 2023 with a decline in sales and was down 11 % on the previous year.
In BF Washing Solutions alone, sales grew by 13 % compared to the previous year due to increased demand.
The variations in the Business Fields were driven by market prices, demand and exchange rate fluctuations. The reduction in sales was mainly due to lower prices and a decline in demand.
