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.
In the three months ended March 31st 2023, the Grupa Azoty Group generated consolidated revenue of PLN 3,895m, EBITDA of PLN -401m, and EBITDA margin of -10.3%. The financial results are in line with the estimates published by the Company on May 15th 2023.
Polskie Centrum Badań i Certyfikacji S.A. (PCBC) has completed a conformity assessment of the Grupa Azoty Group’s fertilizing products with the requirements set forth in Regulation (EU) 2019/1009 of the European Parliament and of the Council. Following the assessment, the Group was awarded certificates confirming that its fertilizing products meet the requirements effective in the European Union as of July 16th 2022. The certificates also confirm conformity of the Group’s manufacturing quality systems.
Grupa Azoty has named the best Employee Volunteering initiatives. The judging panel have selected 14 projects proposed by employees of the Grupa Azoty Group companies. As in the previous edition of the Programme, most of the ideas put forward were related to ‘Green Azoty’, a strategic project of the Grupa Azoty Group. Each winner will receive PLN 6,000 to finance implementation of the initiative they developed.
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%.
With effect from Friday March 17th, the Grupa Azoty Group will be charging significantly lower prices for nitrogen and compound fertilizers sold via its authorised distribution network, adjusting them to the current market situation.This is another price reduction this year after the one made in February 2023.