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Grupa Azoty Group’s H1 2018 results under external pressure
In the first half of 2018, the Grupa Azoty Group recorded EBITDA of PLN 529m, with revenue of PLN 4.88bn. Noteworthy, EBITDA decreased by PLN 185m (or 26%) year on year, while sales revenue grew, by nearly PLN 8m relative to the first half of 2017. This clearly shows that the results for the first half of 2018 were strongly affected by fluctuations on the cost side.
Grupa Azoty in FTSE4Good indices
Grupa Azoty S.A. was once again included in the FTSE4Good indices, as announced by FTSE Russell following the June 2018 review.
Grupa Azoty finalises corporate financing package with new loan agreement with EBRD
On July 26th 2018, Grupa Azoty entered into a new loan agreement for up to PLN 500m with the European Bank for Reconstruction and Development. The funding secured under the agreement meets Grupa Azoty’s remaining corporate financing needs and will enable implementation of strategic projects until 2026.
Grupa Azoty Logistics Centre opens in Guben
On Monday, July 23rd, Grupa Azoty’s subsidiary ATT Polymers opened the new Logistics Centre in Guben. This is yet another project that will significantly contribute to the expansion of Grupa Azoty’s plastics business. The opening ceremony was attended by representatives of Grupa Azoty, the authorities of Brandenburg, the Spree-Neisse region and the city of Guben as well as trading partners of Grupa Azoty’s German-based subsidiary.
Grupa Azoty at the United Nations Forum in New York
Grupa Azoty was Poland’s only company to accompany the Polish government delegation to the UN High Level Political Forum (HLPF) in New York. During the ministerial session, Jadwiga Emilewicz, Minister of Entrepreneurship and Technology, presented a report on the implementation in Poland of the United Nations 2030 Agenda for Sustainable Development. Grupa Azoty, which discussed examples of its own best practices contributing to the implementation of the Agenda, played a major role in the presentation of the report. The described initiatives included the Product Stewardship programme, Idea4Azoty (a proprietary acceleration programme), as well as cooperation with SatAgro (a startup).
Grupa Azoty proclaimed CSR leader in the industry
Grupa Azoty came first in the 12th edition of the Responsible Company Ranking, in the industrial production category. The Ranking lists Poland’s largest companies by the quality of their Corporate Social Responsibility management.