Grupa Azoty S.A. (Tarnów)
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Grupa Azoty decides to cease publishing consolidated production volumes
Grupa Azoty has decided to stop publishing estimated production volumes. This decision was made, among other reasons, due to the lack of significant deviations in production volumes of Grupa Azoty companies in the recent period compared to the corresponding period of the previous year, while gradually increasing the utilization of production capacities within the Grupa Azoty S.A. Capital Group.
17.05.2024
Changes in the Management Board of Grupa Azoty Polyolefins S.A.
On May 10, 2024, the Supervisory Board of Grupa Azoty Polyolefins S.A. dismissed Paweł Bakun from his position as Vice President of the Management Board.
10.05.2024
Financial results of Grupa Azoty for Q4 and full year 2023
In 2023, Grupa Azoty achieved consolidated sales revenues of PLN 13,545 million and an EBITDA result of minus PLN 1,366 million, with an EBITDA margin of minus 10.1%. The net loss amounted to PLN 3.29 billion. In 2023, Grupa Azoty relied significantly more on external financing, including loans and factoring, increasing debt by PLN 2.8 billion from PLN 7.1 billion at the end of 2022 to PLN 9.9 billion as of December 31, 2023.
29.04.2024
Grupa Azoty Polyolefins and Financial Institutions extend financing conditions for Polimery Police Project
Following discussions and agreements with banks, on April 26, Grupa Azoty Polyolefins signed an Amendment to the Stabilization Agreement dated December 15, 2023, regarding the financing of the Polimery Police project. The parties agreed on the conditions under which the Financial Institutions will provide financing for the Project in the next period of the Stabilization Agreement, until May 29, 2024. The Amendment was signed with 15 financing institutions.
26.04.2024
Grupa Azoty S.A. signs Annex to Agreement with Financial Institutions along with waivers of certain financing conditions
Grupa Azoty S.A. signed, on its own behalf and on behalf of selected companies from the Grupa Azoty Capital Group, an Annex to the Agreement dated February 2, 2024, as amended.
25.04.2024
Grupa Azoty Publishes Estimated Financial Results for Q4 and Full Year 2023
In the fourth quarter of 2023, Grupa Azoty achieved consolidated sales revenues of PLN 3,083 million and an EBITDA result of minus PLN 10 million, with an EBITDA margin of minus 0.3%. The financial results for Q4 2023 were significantly impacted by substantial impairment write-downs on non-financial fixed assets. The information regarding these write-downs was disclosed in the current report dated April 5, 2024.
25.04.2024
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