Reported Earnings • Jun 02
First quarter 2026 earnings released: zł1.59 loss per share (vs zł2.91 loss in 1Q 2025) First quarter 2026 results: zł1.59 loss per share (improved from zł2.91 loss in 1Q 2025). Revenue: zł3.70b (down 3.1% from 1Q 2025). Net loss: zł157.4m (loss narrowed 45% from 1Q 2025). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 09
Third quarter 2024 earnings released: zł2.38 loss per share (vs zł6.64 loss in 3Q 2023) Third quarter 2024 results: zł2.38 loss per share (improved from zł6.64 loss in 3Q 2023). Revenue: zł3.09b (flat on 3Q 2023). Net loss: zł235.7m (loss narrowed 64% from 3Q 2023). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 12
Second quarter 2024 earnings released: zł3.87 loss per share (vs zł5.48 loss in 2Q 2023) Second quarter 2024 results: zł3.87 loss per share (improved from zł5.48 loss in 2Q 2023). Revenue: zł3.34b (down 4.2% from 2Q 2023). Net loss: zł383.9m (loss narrowed 29% from 2Q 2023). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. New Risk • Jul 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (158% net debt to equity). Share price has been volatile over the past 3 months (7.0% average weekly change). New Risk • Jun 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (158% net debt to equity). Share price has been volatile over the past 3 months (7.0% average weekly change). Reported Earnings • May 03
Full year 2023 earnings released: zł28.45 loss per share (vs zł6.25 profit in FY 2022) Full year 2023 results: zł28.45 loss per share (down from zł6.25 profit in FY 2022). Revenue: zł13.5b (down 45% from FY 2022). Net loss: zł2.82b (down zł3.44b from profit in FY 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. New Risk • Mar 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (110% net debt to equity). Share price has been volatile over the past 3 months (7.0% average weekly change). Announcement • Feb 15
Azoty Group Appoints New Members to Supervisory Board Azoty group decided to appoint five members to the company's supervisory board proposed by the State Treasury. Hubert Kamola, Krzysztof Kolodziejczyk, Artur Kucharski, Piotr Marciniak and Miroslaw Sobczyk have been appointed to the board. Hubert Kamola was appointed chairman of the company's supervisory board. In turn, Magdalena Butrymowicz, Monika Fill, Bartlomiej Litwinczuk and Michal Maziarka were dismissed from the board. The council still has three members elected by employees. New Risk • Jan 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (110% net debt to equity). Share price has been volatile over the past 3 months (7.1% average weekly change). New Risk • Aug 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (89% net debt to equity). Share price has been volatile over the past 3 months (6.5% average weekly change). Announcement • Jun 23
Azoty Launches Polypropylene Production at Polimery Police, Expects First Sales in August Azoty has launched production of polypropylene at its Polimery Police unit and expects to record first sales in August. The installation is in the launch phase and target capacity will be achieved only gradually. The new plant is expected to produce 437 kt of polypropylene and 429 kt of propylene annually at full capacity. Announcement • Jun 09
Orlen Eyes Takeover of Grupa Azoty Pulawy Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) and Grupa Azoty S.A. (WSE:ATT) have announced that they started talks with a view to a potential acquisition of the fertiliser maker Grupa Azoty Pulawy (Grupa Azoty Zaklady Azotowe "Pulawy" S.A) by Orlen, which said that if due diligence results were positive, the deal might be finalised by the end of 2023. Commenting on the matter, PKN Orlen's CEO Daniel Obajtek stressed that Orlen had by far greater capacity to stabilise the situation on the fertiliser market and that it also had a track record in such segments as gas trade and petrochemicals. "We count on synergies between Grupa Azoty Pulawy and Orlen on many levels," he added. Meanwhile, Grupa Azoty's CEO Tomasz Hinc noted that he hoped that the talks would be constructive and successful. Announcement • Jun 04
Grupa Azoty S.A., Annual General Meeting, Jun 29, 2023 Grupa Azoty S.A., Annual General Meeting, Jun 29, 2023, at 10:00 Central European Standard Time. Reported Earnings • May 23
First quarter 2023 earnings released: zł5.26 loss per share (vs zł8.61 profit in 1Q 2022) First quarter 2023 results: zł5.26 loss per share (down from zł8.61 profit in 1Q 2022). Revenue: zł3.90b (down 43% from 1Q 2022). Net loss: zł521.7m (down 161% from profit in 1Q 2022). Revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Germany are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Feb 15
Grupa Azoty S.A. Announces Executive Changes Grupa Azoty S.A. has reported that the group's Supervisory Board has appointed Marcin Kowalczyk to the position of President of the Management Board. The appointment come after in mid-January Tomasz Hryniewicz stood down from the positions of President. As regards Kowalczyk, he boasts an impressive professional record, having worked both in public administration and at commercial law companies. Announcement • Oct 13
Azoty Resumes Production of Fertilizers, Caprolactam and Polyamide Azoty resumed production of nitrogen-based fertilizers, caprolactam and polyamide due to a change in market conditions. Announcement • Aug 25
Grupa Azoty S.A. Cuts Fertilizer Output At Unit Kedzierzyn to 43% of Capacity Due to High Natgas Prices Grupa Azoty S.A. is reducing fertilizer production capacity at unit Kedzierzyn to 43% or the minimum level as of August 24 due to "unprecedented" natgas price increase, the company said in a market filing. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €7.26, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 9x in the Chemicals industry in Germany. Total loss to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €7.94, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 8x in the Chemicals industry in Germany. Total loss to shareholders of 20% over the past three years. Announcement • Jun 04
Grupa Azoty S.A., Annual General Meeting, Jun 29, 2022 Grupa Azoty S.A., Annual General Meeting, Jun 29, 2022. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 17% share price gain to €9.86, the stock trades at a trailing P/E ratio of 8.4x. Average forward P/E is 10x in the Chemicals industry in Germany. Total returns to shareholders of 11% over the past three years. Reported Earnings • May 02
Full year 2021 earnings released: EPS: zł1.93 (vs zł3.14 in FY 2020) Full year 2021 results: EPS: zł1.93 (down from zł3.14 in FY 2020). Revenue: zł2.57b (down 76% from FY 2020). Net income: zł191.8m (down 39% from FY 2020). Profit margin: 7.5% (up from 3.0% in FY 2020). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 415%, compared to a 8.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Apr 07
Grupa Azoty S.A. Provides Earnings Guidance for the Fourth Quarter of 2021 Grupa Azoty S.A. provided earnings guidance for the fourth Quarter of 2021. For the quarter, the company expects a revenue of PLN 5,484 million, an EBIT of PLN 387 million and attributable net profit of PLN 365 million. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 31% share price gain to €9.42, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Chemicals industry in Germany. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.64 per share. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €6.02, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Chemicals industry in Germany. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.78 per share.