On May 7, the Supervisory Board of Grupa Azoty Puławy appointed Hubert Kamola as a Member of the Management Board, effective May 8, 2024, for the remaining duration of the three-year term starting on May 26, 2022. Mr. Kamola will take on the role of President of the Management Board.

In 2023, Grupa Azoty achieved consolidated sales revenues of PLN 13,545 million and an EBITDA result of minus PLN 1,366 million, with an EBITDA margin of minus 10.1%. The net loss amounted to PLN 3.29 billion. In 2023, Grupa Azoty relied significantly more on external financing, including loans and factoring, increasing debt by PLN 2.8 billion from PLN 7.1 billion at the end of 2022 to PLN 9.9 billion as of December 31, 2023.

During a meeting on April 12, the Supervisory Board of Grupa Azoty Puławy made changes to the company's Management Board. The Supervisory Board adopted resolutions to dismiss the following individuals from the Management Board and their respective functions:

Grupa Azoty S.A. has, on its own behalf and on behalf of the companies within the Grupa Azoty Capital Group, signed an Amendment to the Agreement dated February 2, 2024.

In response to recent public information regarding the impact of consolidation on Grupa Azoty Puławy, Grupa Azoty presents the following key insights.

At its meeting held on 19 February 2024, the Supervisory Board of Grupa Azoty S.A. made changes to the composition of the Company’s Management Board.