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Q1–Q3 2017: Plastics as the key driver of the Grupa Azoty Group’s all-time high performance

In its consolidated financial statements for Q3 2017, the Grupa Azoty Group reported revenue of nearly PLN 2.2bn, up 10% year on year. With EBITDA of more than PLN 255m (up by nearly 77% y/y) and net profit above PLN 75m (PLN 5m for Q3 2016), the Group has a positive view on its performance in Q3 2017.

Best Annual Report award for Grupa Azoty S.A.

Grupa Azoty S.A. was recognised in the Best Annual Report 2016 awards programme, organised by the Institute of Accountancy and Taxes. The Company’s annual report, containing useful information presented in a user-friendly manner, was distinguished for its highest value for shareholders and investors. The judging panel highly rated the standard of presentation of Grupa Azoty’s strategy contained in the annual report, and its report on compliance with the Code of Best Practice for WSE Listed Companies was considered exemplary.

Wojciech Wardacki wins ‘Amber of the Polish Economy 2017’ award

Wojciech Wardacki, President of the Management Board of Grupa Azoty S.A., has been awarded the ‘Amber of the Polish Economy 2017’ for his consistent and successful efforts to build the image of the Polish chemical sector as safe, innovative and environmentally-friendly. The award winner was selected by the Programme Board of the European Business Centre during the 3rd Polish Economic Summit 2017 held in Siedlce.

2017 Employee Day behind us

The 2017 Employee Day, held under the honorary patronage of President of the Republic of Poland Andrzej Duda, was an exceptional one.

Tarnów Polyamide Plant II already in operation

Polyamide Plant II [Wytwórnia Poliamidów II] is the official name of the facility producing Polyamide 6, one of the world’s most widely used engineering plastics. The opening ceremony took place on Monday, September 25th, on Grupa Azoty S.A. site in Tarnów. The plant was opened by Prime Minister Beata Szydło and dr Wojciech Wardacki, President of Grupa Azoty Management Board.

Revenue and net profit growth, with excellent performance delivered by the Plastics business − a summary of Grupa Azoty Group H1 2017 results.

In its consolidated financial statements for the first half of 2017, the Grupa Azoty Group reported revenue of PLN 4.87bn (up 5% y/y), with EBITDA in excess of PLN 714m (up by close to 3% y/y) and net profit at PLN 378m (up 7% y/y). The improvement in performance continued to be driven by the Plastics segment, which together with the Pigments segment entirely offset the trends affecting the gas-reliant segments.