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Grupa Azoty S.A. signs annex to agreement with financial institutions

Grupa Azoty S.A. has signed, on behalf of itself and selected subsidiaries of the Grupa Azoty Capital Group, an annex to the Agreement dated February 2, 2024, as amended. The Agreement’s validity period has been extended until 29 November 2024.

11.10.2024
Provincial Tactical Exercises Held at Grupa Azoty S.A.

On October 9, Grupa Azoty S.A. hosted provincial tactical exercises, code-named "AZOTY 2024," on its premises. The exercise aimed to familiarize all participants with fire safety conditions and potential operational challenges at a high-risk industrial site, while enhancing their emergency response skills in such facilities.

10.10.2024
Grupa Azoty Polyolefins and Financial Institutions Extend Financing for the Polimery Police Project

Following discussions and negotiations with banks, Grupa Azoty Polyolefins has signed an Amendment to the Stabilization Agreement dated December 15, 2023, related to the financing of the Polimery Police project. This agreement, which extends financing terms until October 31, was signed with 15 financial institutions.

01.10.2024
Grupa Azoty S.A. Files Criminal Complaint Over Non-Compete Agreements for Management Personnel

Grupa Azoty S.A. has filed a criminal complaint regarding suspected misconduct involving non-compete agreements for key management personnel (directors). The complaint alleges intentional misconduct that posed a direct risk of significant financial loss to the company, amounting to nearly PLN 500,000.

24.09.2024
Grupa Azoty Signs Letter of Intent with Orlen

Grupa Azoty S.A., on behalf of itself, Grupa Azoty Puławy, and Grupa Azoty Police, has signed a Letter of Intent with Orlen. This document initiates a strategic analysis of potential transactions in the polymers segment, with a particular focus on Grupa Azoty Polyolefins. The analysis will also cover caprolactam and polyamide 6 production and sales, as well as the seaport in Gdańsk owned by Grupa Azoty Fosfory. This Letter of Intent is part of Grupa Azoty’s ongoing Strategic Business Review project. Importantly, the Letter of Intent does not cover the fertilizer sector, which remains Grupa Azoty's core business.

12.09.2024
Grupa Azoty Releases Q2 and H1 2024 Financial Results

Grupa Azoty’s financial results for Q2 and H1 2024 align with the preliminary results published on August 26, 2024. In H1 2024, the Group achieved consolidated sales revenues of PLN 6.743 billion, with an EBITDA of minus PLN 179 million and an EBITDA margin of minus 2.7%, marking an improvement of nearly PLN 830 million compared to the same period in 2023. The net loss for H1 2024, at PLN 748 million, was reduced by more than PLN 300 million compared to the PLN 1.098 billion loss reported in H1 2023.

11.09.2024
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