The ORLEN Group is analysing a possible acquisition of Zakłady Azotowe  Puławy owned by Grupa Azoty S.A. The companies have signed a cooperation agreement  and a non-disclosure agreement enabling due diligence to start at the Puławy-based company. The merger would increase the ORLEN Group’s participation in the fertilizer sector and enhance its efficiency and competitiveness on the European market through numerous synergies. For farmers and other customers of the two companies, the merger would mean a better and broader range of fertilizer products  and easier access to products in demand at a given time, achieved through enhanced production flexibility.

In view of price change on the European gas market in the last weeks of May and the demand forecasts, Grupa Azoty Group companies are raising their production levels.

The Grupa Azoty Group recorded negative fourth-quarter 2022 EBITDA, with the earnings dragged down chiefly by the Agro Segment. The Group posted full-year 2022 consolidated revenue of PLN 24,658m, EBITDA of PLN 2,545m and EBITDA margin of 10.3%.

In the fourth quarter of 2022, the Grupa Azoty Group generated estimated consolidated revenue of PLN 5,107m and negative EBITDA of PLN -296m, with a negative EBITDA margin of -5.8%. For the full year, the Grupa Azoty Group generated estimated consolidated revenue of PLN 24,658m and EBITDA of PLN 2,545m, with an EBITDA margin of 10.3%.

Grupa Azoty S.A. continues to release regular updates on estimated consolidated production volumes. The company has also announced a temporary shutdown of the ammonia and urea production plants at Grupa Azoty Police.

At its meeting on February 9th 2023, the Supervisory Board of Grupa Azoty S.A. appointed Marcin Kowalczyk as Member of the Company's Management Board of the 12th term, with effect from February 10th 2023, serving as Vice President of the Management Board.