Grupa Azoty is set to launch a refreshed version of its Idea4Azoty programme, which aims to facilitate collaboration between Grupa Azoty and providers of innovative solutions for industrial applications. The project is targeted at universities, research institutions and start-ups.

In connection with what is happening in Ukraine, companies of the Grupa Azoty Group are taking a number of initiatives to support Ukrainian refugees fleeing the war. The relief efforts of all state-owned enterprises are being coordinated by the Polish Ministry of State Assets and Ministry of the Interior and Administration.

The current situation on the fertilizer market was among the topics discussed by representatives of Grupa Azoty with Marian Sikora, President of the Federation of Agricultural Producer Associations, and Stanisław Kacperczyk, President of the Polish Association of Grain Producers. At the meeting, Zbigniew Paprocki, Member of the Management Board and CEO of Grupa Azoty S.A., said that the adverse conditions prevailing on the fertilizer market stem from the gas crisis in Europe, that is record-high gas costs, which have risen by several hundred per cent year on year and directly translate into the current fertilizer production cost levels.

Another edition of Grupa Azoty’s customer lottery, in which the grand prize is a John Deere 5075E tractor, has just been launched. The aim is, among other things, to give farmers an opportunity to win one of the over three hundred prizes as a token of appreciation for choosing Grupa Azoty fertilizer products.

The last six months on the Polish fertilizer market was unlike anything producers, distributors and farmers have ever seen before on the Agro supply market. Record volatility and soaring prices of key feedstocks used in fertilizer production, namely natural gas, phosphate rock and potassium chloride, triggered an unprecedented, sharp growth of production costs, which in turn pushed up fertilizer selling prices.

Consolidated revenue for the third quarter of 2021 was PLN 3,882m, up PLN 1,466m year on year. EBITDA came in at PLN 300m (up PLN 50m year on year). However, comparable EBITDA adjusted for one-off items comprising sectoral compensation payments and the government anti-crisis shield scheme was PLN 130m higher year on year in the third quarter of 2021. EBITDA margin was 7.7%.