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Grupa Azoty Polyolefins Secures Extended Financing for Polimery Police Project
On June 14, Grupa Azoty Polyolefins finalized an Amendment to the Stabilization Agreement initially signed on December 15, 2023, ensuring continued financing for the Polimery Police project. This agreement with 15 financial institutions extends the financing terms until July 31, 2024.
14.06.2024
Grupa Azoty Polyolefins and Financial Institutions Extend Financing Conditions for Polimery Police Project
Following successful discussions with banks, Grupa Azoty Polyolefins signed an Amendment to the Stabilization Agreement, originally dated December 15, 2023, on May 29. The parties extended the financing conditions for the Polimery Police project until June 14, 2024. The Amendment involved 15 financial institutions.
29.05.2024
Grupa Azoty Announces Q1 Financial Results
In Q1 2024, Grupa Azoty reported consolidated sales revenues of PLN 3,399 million and an EBITDA of minus PLN 50 million, with an EBITDA margin of minus 1.5%. These results align with the estimated financial results published on May 21, 2024.
28.05.2024
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
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