Zaklady Chemiczne Police S.A. reported group earnings results for the first quarter of 2018. For the period, the group earned revenue of almost PLN 2.5 billion, generating EBITDA of PLN 403 million. The key factor bearing on financial performance in the first quarter of 2018 were gas prices. Two cold waves with heavy frosts that swept over Europe at the end of February and after the tenth of March led to record-high gas prices on commodity exchanges and considerable depletion of gas stocks. Although both revenue and EBITDA declined, by PLN 190 million and nearly PLN 50 million, respectively, the Group's EBITDA margin remained comparable year on year, at 16.1% compared with 16.9% in first quarter of 2017.