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Grupa Kapitałowa Grupa Azoty
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Grupa Azoty’s financial results for Q3 align with estimates published on October 25. In Q3 2024, the Group reported consolidated sales revenue of PLN 3,085 million and an EBITDA result of minus PLN 120 million, with an EBITDA margin of minus 3.9%, reflecting an improvement of nearly PLN 228 million compared to the same period last year. The net loss for Q3 was reduced year-over-year by PLN 517 million to PLN 226 million, compared to a loss of PLN 743 million in Q3 2023.
This initiative stems from ongoing efforts toward restructuring and transforming the Group into a cohesive, cost-effective entity with a strong position in the European fertilizers, plastics, and OXO product markets.
The Kędzierzyn-Koźle-based subsidiary of Grupa Azoty has signed an agreement with the National Centre for Research and Development (NCBR) to secure funding for a project entitled “New Biodegradable Polylactide Formulations Plasticized with Bioplasticizers, Preparation of Materials in Granule and Film Form, Digitalization and Automation of Laboratory Processes.” The funding amounts to PLN 3.2 million, which represents 55% of the project’s eligible expenses.
On October 31, 2024, following discussions and agreements with banks, Grupa Azoty Polyolefins signed an Amendment Agreement to the Stabilization Agreement dated December 15, 2023, regarding the financing of the Polimery Police project. The parties have agreed to the terms under which financial institutions will continue providing financing for the project during the extended term of the Stabilization Agreement, which now runs until November 29, 2024. The Amendment Agreement was signed with 15 financial institutions.
Grupa Azoty Puławy has signed a Letter of Intent with Skłodowski sp. z o.o., signaling its interest in collaboration on renewable ammonia, which is planned to be produced at Skłodowski’s production facility.
With the three-year term of the current Management Board of Grupa Azoty S.A. coming to an end, the Supervisory Board has announced a qualification process for new Board Members for the 13th term. The current 12th term began in May 2021 and, as per applicable regulations, will end on December 31, 2024. In such cases, initiating the qualification process is a statutory obligation.