Grupa Azoty Q3 results soars, but below consensus

WSE-listed chemical giant Grupa Azoty had PLN 67 million net profit in Q3. Up by impressive 1,837 percent (from PLN 3.46 million), but below consensus set at PLN 88.4 million set by the analysts polled by the Polish Press Agency PAP. Revenues stood at PLN 2.19 billion, up by 9.8 percent y/y, while EBITDA amounted to PLN 255.3 million, compared with PLN 255.3 million, up by 77.4 percent y/y. In segment-by-segment breakdown, plastics had PLN 57.1 million EBITDA, fertilizers PLN 63.6 million, chemicals PLN 79.5 million, while energy segment contributed PLN 21.4 million to the group’s results.