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The Management Board of Grupa Azoty S.A. Decides to Sign an Integration Agreement Among Group Companies
The agreement to be signed between Grupa Azoty S.A. and all companies within its Capital Group strengthens and standardizes the principles of cooperation on areas such as integration processes, joint project management, restructuring, cost optimization, and information exchange. The Management Board of Grupa Azoty S.A. has resolved to approve the signing of this integration agreement, initiating the process of formalizing the document between Grupa Azoty S.A. and each of its affiliated companies.
13.11.2024
Grupa Azoty Announces Q3 2024 Financial Results
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.
06.11.2024
The Board of Grupa Azoty Launches the AZOTY BUSINESS Program
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. AZOTY BUSINESS aims to establish an integrated, cost-efficient Capital Group with a strong European market position across its Fertilizers, Plastics, and OXO segments. The launch of this Program marks the completion of the initial phase of corrective actions, yielding approximately PLN 350 million in cost savings across the Capital Group from late March to the end of October, through optimized supervisory structures, organizational frameworks, compensation, sponsorships, public relations, and management costs.
a Azoty Launches the AZOTY BUSINESS Program
05.11.2024
Grupa Azoty S.A. Signs Amendment to Agreement with Financial Institutions
Grupa Azoty S.A., on behalf of itself and selected companies within the Grupa Azoty Capital Group, has signed an Amendment to the Agreement dated February 2, 2024, with subsequent modifications. The duration of the Agreement has been extended until November 29, 2024.
11.10.2024
Provincial Tactical Exercises Held at Grupa Azoty S.A.
On October 9, Grupa Azoty S.A. hosted provincial tactical exercises, code-named "AZOTY 2024," on its premises. The exercise aimed to familiarize all participants with fire safety conditions and potential operational challenges at a high-risk industrial site, while enhancing their emergency response skills in such facilities.
10.10.2024
Grupa Azoty PKCh Files Criminal Complaint Against Former Board Member
Grupa Azoty PKCh has filed a complaint with the prosecutor’s office alleging that a former board member committed offenses resulting in significant financial harm to the company. The complaint alleges abuse of authority and misappropriation of company funds for personal use, unrelated to company activities, amounting to no less than PLN 283,000.
10.10.2024
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