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On October 15th, the winners of the 15th edition of the Best Annual Report 2019 awards programme organised by the Institute of Accountancy and Taxes were announced during a gala held in the Trading Room in the building of the Warsaw Stock Exchange, with Grupa Azoty S.A. among the winning companies.
Grupa Azoty ZAK S.A. was among the laureates of the international prestigious Responsible Care program competition, winning in the Community Support category (local community support). This is the first main award in a competition in this category, dedicated to a Polish company.
The Grupa Azoty Group, a leader of Europe’s fertilizer and chemical industries, is implementing a new communication system for its Agro segment. The rebranding effort seeks to create a modern and recognisable brand of products projecting a consistent image that will also address challenges faced by agriculture in relation to the European Green Deal. The effort marks another step towards business integration of the Grupa Azoty Group companies.
The Grupa Azoty Group booked a second-quarter net profit of PLN 57m, up PLN 22m year on year. Consolidated revenue came in at PLN 2,269m in the second quarter, which is PLN 469m less than in the corresponding period of 2019. EBITDA stood at PLN 315m, with EBITDA margin at 13.9%, a year-on-year increase of PLN 29m and 3.4pp, respectively.
Grupa Azoty S.A., Grupa Azoty ZCh Police, Grupa Azoty Polyolefins, Grupa LOTOS, Hyundai Engineering Co., and Korea Overseas Infrastructure & Urban Development Corporation (KIND) have signed agreements for the financing of the Polimery Police project. Also, Grupa Azoty Polyolefins, the SPV formed to implement the project, which is of key importance to the entire chemical industry, has signed a credit facility agreement with a syndicate of domestic and foreign financial institutions.
In Q1 2020, the Grupa Azoty Group reported consolidated revenue of PLN 3,104m, down 7.8 % on Q1 2019, which was a record-breaking period in the Group’s history. EBITDA and the EBITDA margin were PLN 476m and 15.3% as a result of a drop in average selling prices of products and low prices of gas.