ECONOMIC CONSEQUENCES OF THE GROUP OF ENTERPRISES Ciech, Chemos and Grupa Azoty ON THE BASIS OF ECONOMIC ANALYSIS USING MICROECONO- MIC AND MACROECONOMIC DATA

<div><div><div><div><p>When attempting to analyze the economic performance of enterprises, our team chose companies in the chemical sector. These are: Ciech SA, Chemos SA and Police SA.</p><p>These companies are potentates in the chemical market, and thriving development ensures them a great importance for the development of the economy.</p><p>In our work, we analyzed the years 2013, 2014 and 2015, taking into account ROE, ROA, EBIT, CC and many more.</p><p>The first company that we undertook to analyze is Ciech SA. It is a Polish trade and produc- tion company from the chemical industry. It is the only soda producer in Poland, and has its plants and branches in several European countries. In 2005, Ciech SA had its debut on the Warsaw Stock Exchange. Activities of Ciech S.A. it is very wide, here you should indicate the production of soda ash, baking soda, salt, fertilizers or plant protection products. The company started its activity virtually immediately after the Second World War, as an institu- tion of the state treasury, then in 2014 there was privatization.</p><p>Another company that we analyzed and calculated is Chemos S.A. The company was founded at the end of the 90s of the last century. Engaging in such industries as chemical, petrochemical or energy. The key for the company's operations was 2008, when Chemos S.A. made a debut on the Warsaw Stock Exchange.</p><p>The third company to investigate is Police SA, a Polish company, the so-called great chemi- cal synthesis. Since 2005, the company has been listed on the Warsaw Stock Exchange. The company is very dynamically developed by the management, among others, it is cur- rently implementing a construction for the production of propylene, after allowing the com- pany to develop even more.</p><p>These companies combine one chemical sector. All three are very focused on development and deepening profits. In our report, we will try to demonstrate which company does it best.</p></div></div></div>