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Grupa Kapitałowa Grupa Azoty
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The Supervisory Board of Company announces the commencement of the qualification proceedure for members of the Management Board of Grupa Azoty Polyolefins S.A. with its seat in Police, at Kuźnicka 1.
On November 24th 2023 , Andrzej Niewiński resigned from his role as a member and President of the Management Board of Grupa Azoty Polyolefins S.A.Mr Niewiński has been involved with the Company since 2016, holding the position of President of its Management Board. Personal reasons were cited as the reason for the resignation.
Grupa Azoty S.A. has obtained certificates indicating the compliance of the envifill® granules line with the EN-13432 standard, thus confirming their biodegradability and compostability. The OK compost Industrial certificate verifies that products made from the Group's granules can undergo composting in industrial composting facilities. On the other hand, the OK compost HOME certificate serves as a guarantee that products made from these granules are completely biodegradable in backyard composters.
The resolution to initiate discussions with Orlen S.A. to cease actions related to the potential acquisition of Grupa Azoty Zakłady Azotowe Puławy S.A. was passed today and came into force upon adoption. The resolution followed a comprehensive analysis conducted by a reputable consultancy, which formed the basis for the Management Board of Grupa Azoty S.A. to deem the potential sale of Grupa Azoty Zakłady Azotowe Puławy S.A. as unjustified.
The Grupa Azoty Group has released estimates of its production volumes for October 2023, showing a steady increase in product output for another consecutive month. According to the released estimates, in October companies of the Grupa Azoty Group produced 245,000 tonnes of nitrogen fertilizers (up from 227,000 tonnes in September), 71,000 tonnes of compound fertilizers (compared with 64,000 tonnes in September) and 26,000 tonnes of speciality fertilizers (an increase relative to 15,000 tonnes in September).
The third-quarter financial results of the Grupa Azoty Group are in line with estimates presented on October 26th. The Group generated consolidated revenue of PLN 3,075 million, EBITDA of PLN -348 million, and EBITDA margin of -11.3%.