Grupa Azoty, a leader of the fertilizer and chemical industry in Europe and the largest hydrogen producer in Poland, is among the signatories of a letter of intent to build the Lower Silesian Hydrogen Valley.
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).
Since the very onset of the pandemic, the Grupa Azoty Group has been actively involved in supporting various institutions combating COVID-19. Already in mid-March 2020, the management and supervisory boards of each of the Group’s key companies decided to donate PLN 750 thousand (per company) for that purpose.
Grupa Azoty, one of the leaders of the fertilizer and chemical industry, is taking active steps to transition towards zero- and low-emission technologies. For the green transition to be fully effective and possible, it is essential that EU and non-EU producers compete on an equal footing with regard to climate policy costs. If the carbon border adjustment mechanism (CBAM) prepared by the European Commission is to bring the expected effect, it is necessary to maintain free emission allowances. Otherwise, the position of non-EU companies that do not apply the same high environmental and climate protection standards will be strengthened. The most pressing requirements in this respect were put forward by Grupa Azoty during a meeting of the representatives of Fertilizers Europe with Frans Timmermans, Executive Vice President of the European Commission.
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%.