Selena Raises Q1 Profits Despite Weak Construction Activity

Following the first quarter of 2026, the Selena Group reported continued improvement in profitability despite a challenging market environment. The company generated an operating profit (EBIT) of €7.8 million, representing a year-over-year increase of nearly 16%, while net profit from continuing operations rose to €5.1 million, up more than 9% compared with the same period in 2025. In addition, the group improved its gross profit margin to 36%, an increase of more than two percentage points year over year, reflecting stronger operational performance and margin management.

The profit growth was achieved despite weak construction activity caused by an exceptionally cold winter, prolonged low temperatures, and broader macroeconomic uncertainty linked to geopolitical tensions and volatile trade conditions. Selena attributed its resilience to effective execution of management objectives, strong operational efficiency, and its diversified business model. Geographic and product diversification, including expansion initiatives in Central Asia and Western Europe, helped mitigate market risks and supported profitability improvements even as demand conditions remained challenging.

Source: Selena