Kalender
2024-08-16 | Kvartalsrapport 2024-Q2 |
2024-06-03 | X-dag ordinarie utdelning AFAGR 0.00 EUR |
2024-05-31 | Årsstämma |
2024-04-22 | Extra Bolagsstämma 2024 |
2024-02-23 | Bokslutskommuniké 2023 |
2023-08-18 | Kvartalsrapport 2023-Q2 |
2023-06-02 | X-dag ordinarie utdelning AFAGR 0.00 EUR |
2023-06-01 | Årsstämma |
2023-02-24 | Bokslutskommuniké 2022 |
2022-08-19 | Kvartalsrapport 2022-Q2 |
2022-06-02 | X-dag ordinarie utdelning AFAGR 0.00 EUR |
2022-06-01 | Årsstämma |
2022-02-25 | Bokslutskommuniké 2021 |
2021-08-30 | Extra Bolagsstämma 2021 |
2021-08-20 | Kvartalsrapport 2021-Q2 |
2021-06-02 | X-dag ordinarie utdelning AFAGR 0.00 EUR |
2021-06-01 | Årsstämma |
2021-02-26 | Bokslutskommuniké 2020 |
2020-08-21 | Kvartalsrapport 2020-Q2 |
2020-06-23 | X-dag ordinarie utdelning AFAGR 0.00 EUR |
2020-06-22 | Årsstämma |
2020-02-28 | Bokslutskommuniké 2019 |
2019-08-23 | Kvartalsrapport 2019-Q2 |
2019-06-25 | Årsstämma |
2019-05-22 | X-dag ordinarie utdelning AFAGR 0.02 EUR |
2019-02-22 | Bokslutskommuniké 2018 |
2018-08-10 | Kvartalsrapport 2018-Q2 |
2018-05-31 | X-dag ordinarie utdelning AFAGR 0.02 EUR |
2018-05-30 | Årsstämma |
2018-02-23 | Bokslutskommuniké 2017 |
2017-08-11 | Kvartalsrapport 2017-Q2 |
2017-05-31 | X-dag bonusutdelning AFAGR 0.02 |
2017-05-24 | X-dag ordinarie utdelning AFAGR 0.00 EUR |
2017-05-23 | Årsstämma |
2017-05-12 | Kvartalsrapport 2017-Q1 |
2017-02-16 | Bokslutskommuniké 2016 |
2016-11-11 | Kvartalsrapport 2016-Q3 |
2016-08-16 | X-dag bonusutdelning AFAGR 0.01 |
2016-08-16 | Kvartalsrapport 2016-Q2 |
2016-05-12 | X-dag ordinarie utdelning AFAGR 0.01 EUR |
2016-05-11 | Årsstämma |
2016-05-11 | Kvartalsrapport 2016-Q1 |
2016-02-16 | Bokslutskommuniké 2015 |
2015-11-10 | Kvartalsrapport 2015-Q3 |
2015-08-14 | Kvartalsrapport 2015-Q2 |
2015-05-11 | X-dag ordinarie utdelning AFAGR 0.02 EUR |
2015-05-08 | Årsstämma |
2015-05-08 | Kvartalsrapport 2015-Q1 |
2015-02-16 | Bokslutskommuniké 2014 |
2014-11-10 | Kvartalsrapport 2014-Q3 |
2014-08-14 | Kvartalsrapport 2014-Q2 |
2014-05-09 | X-dag ordinarie utdelning AFAGR 0.00 EUR |
2014-05-09 | X-dag bonusutdelning AFAGR 0.02 |
2014-05-08 | Årsstämma |
2014-05-08 | Kvartalsrapport 2014-Q1 |
2014-02-14 | Bokslutskommuniké 2013 |
2013-11-08 | Kvartalsrapport 2013-Q3 |
2013-08-15 | Kvartalsrapport 2013-Q2 |
2013-07-05 | Extra Bolagsstämma 2013 |
2013-05-10 | X-dag ordinarie utdelning AFAGR 0.01 EUR |
2013-05-08 | Kvartalsrapport 2013-Q1 |
2013-05-08 | Årsstämma |
2013-02-12 | Bokslutskommuniké 2012 |
2012-11-07 | Kvartalsrapport 2012-Q3 |
2012-08-16 | Kvartalsrapport 2012-Q2 |
2012-05-11 | X-dag ordinarie utdelning AFAGR 0.00 EUR |
2012-05-10 | Årsstämma |
2012-05-10 | Kvartalsrapport 2012-Q1 |
2012-02-24 | Bokslutskommuniké 2011 |
2011-11-10 | Kvartalsrapport 2011-Q3 |
2011-08-18 | Kvartalsrapport 2011-Q2 |
2011-06-16 | Extra Bolagsstämma 2011 |
2011-05-12 | X-dag ordinarie utdelning AFAGR 0.00 EUR |
2011-05-11 | Årsstämma |
2011-05-11 | Kvartalsrapport 2011-Q1 |
2011-02-24 | Bokslutskommuniké 2010 |
2010-11-11 | Kvartalsrapport 2010-Q3 |
2010-08-12 | Kvartalsrapport 2010-Q2 |
2010-05-12 | Kvartalsrapport 2010-Q1 |
2010-04-22 | X-dag ordinarie utdelning AFAGR 0.00 EUR |
2010-04-08 | Årsstämma |
2010-02-26 | Bokslutskommuniké 2009 |
2009-05-08 | X-dag ordinarie utdelning AFAGR 0.00 EUR |
2008-04-01 | X-dag ordinarie utdelning AFAGR 0.04 EUR |
2007-04-23 | X-dag ordinarie utdelning AFAGR 0.03 EUR |
2006-04-27 | X-dag ordinarie utdelning AFAGR 0.02 EUR |
2005-11-28 | Split AFAGR 10:1 |
2005-06-08 | X-dag ordinarie utdelning AFAGR 0.00 EUR |
2004-05-25 | X-dag ordinarie utdelning AFAGR 0.00 EUR |
2003-07-01 | X-dag ordinarie utdelning AFAGR 0.00 EUR |
2002-02-08 | X-dag ordinarie utdelning AFAGR 0.00 EUR |
2001-02-05 | X-dag ordinarie utdelning AFAGR 0.00 EUR |
Beskrivning
Land | Finland |
---|---|
Lista | Small Cap Helsinki |
Sektor | Material |
Industri | Plast, kemikalier & fetter |
13:30 London, 15:30 Helsinki, 1 July 2024 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
PROFIT WARNING – DECREASE OF TURNOVER AND EBITDA
Stock Exchange Release
The Board of Directors of Afarak Group SE (“Company”) estimates, that the EBITDA for the first half of year 2024 is at 4-5 Million Euro, which represents a decrease of 70% compared to 2023.
Furthermore, the turnover for the first half of year 2024 is expected to be at 70-75 Million Euro which represents a decrease of 26%
In the Annual report 2023 published 27 March 2024, the company stated the following expectations: We wish to provide our shareholders an update about these:
Market Overview
- Price Stabilization: Prices for low carbon ferrochrome standard grades are expected to stabilize but remain low. Increased output for these grades is unlikely unless the stainless mills' activity improves, unless the leading stainless-steel groups improve their activity and/or start showing more interest in sustainable and responsible supply chains.
- We continue to improve our productivity and efficiency, so as to cope better and better with this low-quality competition. We expect the margin pressure to continue, at least through H1/2024, due to the weak state of the stainless-steel industry, mostly in Europe.
Update: The stainless steel activity in Europe has been subdued, as expected, unfortunately the imports, especially from India, have increased and the price pressure from these imports has been even higher than expected. The sanctions against Russian imports have shown little affects so far. We successfully continued the reduction of our cost of production.
Special Grade Market
In the Annual Report the Company expected that the Special Grade Market Continues to grow and show some upside. The Company is expecting solid results for 2024, as our focus resides in this special grade segment.
Update: We can generally confirm that the demand for these products has increased and the market prices have shown some upside, but the price situation of the standard grades (see above) has impacted our margins heavily in that segment as well. The extremely low Yen is also allowing our main competitor from Japan to operate aggressively in this segment. Unlike expected, the interest rates have only recently started to diminish, and there is no real expectation for substantial further reductions until end of 2024.
FerroAlloys segment
We expect further positive developments in this segment for 2024
Update: this has been confirmed and the positive signs are continuing
In the light of these events, the company is nevertheless expected to produce solid results in 2024, as communicated before. The EBITDA for H1/2024 is at 4-5 Million Euro, which represents a decrease of 70% compared to H1/2023. The turnover for H1/2024 is expected at 70-75 Million Euro which represents a decrease of 26%.
Helsinki, July 1, 2024
AFARAK GROUP SE
Board of Directors
For additional information, please contact:
Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com
Financial reports and other investor information are available on the Company's website: www.afarak.com.
Afarak Group is a specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
Distribution:
NASDAQ Helsinki
London Stock Exchange
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