Grupa Azoty publishes estimated financial results for Q1 2024
In Q1 2024, Grupa Azoty achieved consolidated sales revenues of PLN 3,399 million and an EBITDA result of minus PLN 50 million, with an EBITDA margin of minus 1.5%. The first quarter of 2024 was marked by continued unfavorable global macroeconomic conditions. Demand for products offered by Grupa Azoty remained too low to restore the Group's operational profitability, especially given the ongoing decline in their prices. Additionally, in the first half of the quarter – similar to previous periods – there was a lack of effective adjustment actions by the Company to market conditions.