Polish fertilizer and chemicals producer Grupa Azoty SA expects a Pln79 million (approximately $16.6 million at current exchange rates) group net loss for the third quarter ended Sept. 30, 2022, with EBITDA seen at Pln267 million, according to a PAP news report, citing a company filing of preliminary results.
Third-quarter revenue is expected to come in 19% higher year-over-year, at Pln6.31billion.
These preliminary results compare with a net profit of Pln14 million and an EBITDA of Pln300 million for the third quarter of 2021. Third-quarter revenue last year was Pln3.88 billion (GM Nov. 5, 2021).
Azoty sees its Fertilizers/Agro business segment posting a third-quarter 2022 EBITDA of Pln62 million