Home / News Draslovka Announces its 2022 Full-Year Results

Transformative year with strong progress on revenue

Draslovka a.s. , a leading specialty chemicals company, announces its financial results for the year ended 31 December 2022.

Financial highlights

•    Significant revenue growth of 286% to US$468m (2021: US$121.3m) following transformative acquisitions
•    US$150m equity injection through strategic partnership with Oaktree Capital 

Operational highlights

• Revenue growth bolstered by a number of value accretive acquisitions, successfully building on Draslovka’s long-term strategy to become the leading provider of environmentally sustainable solutions to our markets
• Acquisition of Mining & Process Solutions (‘MPS’) to secure ownership rights to proprietary Glycine Leaching Technology (‘GLT’), an innovative technology for leaching of copper, gold, nickel and cobalt, positioning Draslovka as one of the leading companies in the mining sector supply chain
• Acquisition of Intreso Group significantly strengthens the Company’s Agricultural Solutions vertical in Europe
• Completed the integration of Chemours’ Mining Solutions business, making Draslovka the world’s largest producer of solid sodium cyanide
• Doubled annual R&D funding to $26.3m, underscoring Draslovka’s commitment to building resilience, sustainability, and supplying unique customer solutions
• Inaugural Sustainability Report published to formalise commitment to sustainability and near-term ESG targets

Pavel Bruzek, CEO of Draslovka, commented:
“I am proud of the significant transformation we achieved in 2022. Despite the macro challenges, Draslovka became a new company through transformative acquisitions, including securing exclusive rights to GLT, and today we are on our way to becoming a leader in the mining sector supply chain. I am excited about the future and how we will harness GLT’s ability to address the three biggest challenges facing the mining industry: sustainability, profitability and securing social license to operate. GLT has received widespread interest from gold, nickel, cobalt and copper miners, including the likes of Barrick Gold. 

“The next step is to continue to build out our suite of offerings and become a cornerstone solutions provider to the mining, agriculture and speciality chemicals sectors. This will be driven by selective acquisitions as well as in-house R&D. 

“I look forward to announcing further commercial deals in the coming months and thank the team at Draslovka for making 2022 a great year.”

Outlook

The Company’s growth prospects will be supported through outside funding. Management is currently exploring financing options to provide capital to continue to grow the business.

 
Financial performance