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Announcement regarding the agreement with ZAKSA S.A.
The financial situation that the new management board encountered at Grupa Azoty prioritizes ensuring the continuity of operations within the Capital Group companies and developing and implementing a recovery plan. Consequently, Grupa Azoty is making difficult decisions to withdraw from sponsorship activities. It is worth noting that the sponsorship policies adopted by the previous management board do not allow Grupa Azoty companies to engage in such activities in 2024.
24.04.2024
Dismissal of Members of the Management Board of Grupa Azoty Puławy and delegation of Supervisory Board Member to perform duties of President
During a meeting on April 12, the Supervisory Board of Grupa Azoty Puławy made changes to the company's Management Board.
12.04.2024
Hubert Kamola appointed Vice President of the Management Board of Grupa Azoty S.A.
On April 12, the Supervisory Board of Grupa Azoty S.A. adopted a resolution to appoint Hubert Kamola as a Member of the Management Board, effective April 13, and entrusted him with the role of Vice President of the Management Board. On the same day, Hubert Kamola resigned from his position as a Member of the Supervisory Board, effective at the end of April 12.
12.04.2024
Grupa Azoty publishes estimated production levels for March
Grupa Azoty has published estimated production volumes for March 2024. According to the published data, nitrogen fertilizer production in the Capital Group companies increased compared to February, with estimated volumes for March at 292,000 tons compared to 252,000 tons in February. Production levels also increased for specialty fertilizers, with estimated production levels in March at 32,000 tons compared to 26,000 tons in February. However, for multi-component fertilizers, production in March reached an estimated 51,000 tons compared to 57,000 tons in February.
10.04.2024
New Management Board of Grupa Azoty reports on the estimated impact of non-cash events on the 2023 financial results
During the preparation of the consolidated financial report for 2023, asset impairment tests were conducted within the company. These tests were also carried out in the subsidiaries.
05.04.2024
New Management Board of Grupa Azoty updates information on estimated impact of non-cash events on financial results for 2023
On February 9, the previous Management Board of Grupa Azoty S.A. reported that the potential estimated non-cash impact of the impairment of Grupa Azoty Polyolefins' assets would reduce Grupa Azoty S.A.'s consolidated EBIT for 2023 by (minus) PLN 900 million. However, according to information obtained by the new Management Board of Grupa Azoty on March 28, the estimated non-cash impact of the described event will reduce Grupa Azoty S.A.'s consolidated EBIT for 2023 by approximately (minus) PLN 1,138 million, compared to the originally estimated value of (minus) PLN 900 million. This event will not affect the consolidated EBITDA of Grupa Azoty S.A.
29.03.2024
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