In the three months to June 30th 2021, the Grupa Azoty Group posted a net profit of PLN 168m, an increase of PLN 111m on the same quarter of 2020. In the second quarter of 2021, the Group’s consolidated revenue was PLN 3,173m, up PLN 904m year on year. EBITDA amounted to PLN 361m (up PLN 46m year on year), with EBITDA margin at 11.4% (down 2.5pp year on year).
On 4th August 2021 analysts of DM mBank recommended SELL on Grupa Azoty S.A. shares, with the target price set at PLN 20.97
On Thursday, June 10, as part of the "WallStreet 25 on-line" conference, there was an investor chat with Mr. Marek Wadowski, Vice President of the Management Board of Grupa Azoty responsible, i.a., for: finanancial management and accounting policies, monitoring of budget implementation, planning, budgeting and controlling and M&A.
On 26th May 2021 analysts of ERSTE SECURITIES recommended REDUCE on Grupa Azoty S.A. shares, with the target price set at PLN 31.20
On May 13th 2021, the Supervisory Board of Grupa Azoty S.A. appointed Marek Wadowski to the Company's Management Board of the new 12th term of office as its Vice President, with effect as of May 18th 2021. The Supervisory Board also appointed Zbigniew Paprocki as Member of the Management Board, with effect as of May 18th 2021.
After Q1 2021, the Grupa Azoty Group reported consolidated revenue of PLN 3,362m, an increase of PLN 258m relative to the same period of 2020. Despite higher average prices of most raw materials, including natural gas, EBITDA came in at PLN 405m. Net profit for the period amounted to PLN 86m and EBITDA margin was 12.0%.