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PGNiG to remain strategic gas supplier to Grupa Azoty Group until 2022

On May 23rd 2019, Grupa Azoty Group companies delivered to Polskie Górnictwo Naftowe i Gazownictwo S.A. statements to extend the term of their gas supply contracts until September 30th 2022.

Marked increase in Grupa Azoty revenue and profits in Q1 2019

In Q1 2019, Grupa Azoty reported consolidated revenue of PLN 3,365m, i.e. PLN 868m more than in the corresponding period of 2018. Growth in the prices of most products and the continuing reversal of the price trend for the key feedstock (gas) pushed up EBITDA to PLN 608m (yoy increase of PLN 205m) and EBITDA margin to 18.1% (up 2.0 p.p. year on year).

Grupa Azoty S.A. and Grupa Azoty Police named ‘Transparent Company 2018’

Two companies of the Grupa Azoty Group, Grupa Azoty S.A. and Grupa Azoty Police, have earned the prestigious title of ‘Transparent Company 2018’ in the third edition of a ranking run by the Parkiet daily and the Institute of Accountancy and Taxes, with the support of the Warsaw Stock Exchange.

EPC contract signed with contractor for Polimery Police project. Polypropylene unit to enter commercial operation in three years’ time.

On May 11th 2019, PDH Polska S.A., a company owned by Grupa Azoty and Grupa Azoty Police, signed a contract for turnkey execution of the Polimery Police project with Hyundai Engineering Co., Ltd, marking a milestone in what is the largest chemical project in years.

Hyundai Engineering and KIND to invest in the Polimery Police project

Hyundai Engineering Co. Ltd and Korean Overseas Infrastructure & Urban Development Corporation (KIND) are set to invest over PLN 500m in PDH Polska S.A., the company responsible for implementing the Polimery Police project.

On April 26th 2019, shareholders of Grupa Azoty Police will decide on the issue of shares to support the implementation of investment plans

Shareholders of Grupa Azoty Police, including Grupa Azoty S.A., complied with the State Treasury’s request to adjourn the General Meeting, citing the need to complete the required analyses.