Grupa Azoty Group financial results significantly affected by market conditions in Europe

Grupa Azoty Group's financial results for the second quarter of 2023 are in line with the estimates presented on September 18th 2023. In the three months ended June 30th 2023, the Grupa Azoty Group generated consolidated revenue of PLN 3,491m, EBITDA of PLN -608m, and an EBITDA margin of -17.4%. As highlighted in the press release regarding estimated results, the reporting period witnessed the convergence of adverse market factors impacting all producers in the European fertilizer and chemical industry. Those adverse developments arose as a consequence of Russia's aggression against Ukraine and the European Union's decision to suspend tariffs on imports of urea and ammonia from countries outside the EU.

For more information:

Monika Darnobyt
Press Officer of the Grupa Azoty Group
##gotrocxz#at#vgjeppodin.rdb##
Phone: +48 785 780 005