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Grupa Azoty opens R&D Centre
Today, in the presence of government officials headed by Prime Minister Mateusz Morawiecki, Grupa Azoty opened its new Research and Development Centre in Tarnów. Constructed over 14 months, the Centre will accommodate research facilities, supporting the delivery of innovative solutions.Its effective use by Grupa Azoty will allow it to build competitive advantages and boost the flow of innovation into its business.
Academic Ambassadors wanted
The second edition of the ‘Ambassador of Grupa Azoty Brand’ programme has begun. The programme, open to all academic circles, is intended to interest students in building their professional careers with the Grupa Azoty Group. This time, the programme is targeted at all university students. The best ones are sure to receive awards, including a paid internship at the Grupa Azoty Group.
Grupa Azoty will take over the leader in specialty fertilizers. The Company signed an agreement for the acquisition of COMPO EXPERT Group
Grupa Azoty today concluded an agreement with Goat Netherlands B.V. with its registered
office in the Netherlands (an entity of the XIO Group, a London headquartered private equity
firm) for the acquisition of 100% of shares in Goat TopCo GmbH with its registered office in
Germany, which controls the companies of COMPO EXPERT Group, one of the world's leaders in
the market of specialty fertilizers for professional users.
The transaction will be finalised after obtaining the consent of the Extraordinary General
Meeting of Grupa Azoty S.A. Shareholders and the consent of the competent merger control
authorities required in certain countries of operation. The purchase price for 100% of shares in
the COMPO EXPERT Group will not be higher than EUR 235 million and will be financed entirely
with credit lines available to Grupa Azoty.
Grupa Azoty and AdVentures in search of innovation
How to build a Polish Silicon Valley? Create an innovation-friendly environment. Grupa Azoty, Poland’s largest fertilizer and chemical group and one of Europe’s key players in that market, has signed a cooperation agreement with the accelerator of the Poland Prize by AdVentures programme. Already in September, the accelerator team will start looking for business opportunities in Southern, Central and Eastern Europe.
Grupa Azoty Group’s H1 2018 results under external pressure
In the first half of 2018, the Grupa Azoty Group recorded EBITDA of PLN 529m, with revenue of PLN 4.88bn. Noteworthy, EBITDA decreased by PLN 185m (or 26%) year on year, while sales revenue grew, by nearly PLN 8m relative to the first half of 2017. This clearly shows that the results for the first half of 2018 were strongly affected by fluctuations on the cost side.
Grupa Azoty in FTSE4Good indices
Grupa Azoty S.A. was once again included in the FTSE4Good indices, as announced by FTSE Russell following the June 2018 review.