Bifogade filer
Afarak Group Interim release H1 2024 EN
Kurs & Likviditet
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 |
10:15 London, 12:15 Helsinki, 16 August 2024 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
FINANCIAL INTERIM RELEASE H1 2024
| H1/24 | H1/23 | 2023 | ||
| Revenue | EUR million | 71.4 | 95.4 | 153.7 |
| EBITDA | EUR million | 4.2 | 15.1 | 16.6 |
| EBIT | EUR million | 3.1 | 14.4 | 15.0 |
| Earnings before taxes | EUR million | 1.9 | 12.1 | 12.0 |
| Profit | EUR million | 0.5 | 10.5 | 10.0 |
| Earnings per share | EUR | 0.0 | 0.04 | 0.04 |
| EBITDA margin | % | 5.9 | 15.8 | 10.8 |
| EBIT margin | % | 4.3 | 15.1 | 9.8 |
| Earnings margin | % | 0.0 | 12.7 | 7.8 |
| Personnel (end of period) | 588 | 610 | 595 |
FIRST HALF 2024 HIGHLIGHTS
- Revenue decreased by 25.1% to EUR 71.4 (H1/2023: 95.4) million;
- Processed material sold decreased by 7% to 11,922 (H1/2023: 12,855) tonnes;
- Tonnage mined increased significantly by 15% to 187,958 (H1/2023: 162,971) tonnes;
- The Group’s EBITDA was EUR 4.2 (H1/2023: 15.1) million and the EBITDA margin was 5.9% (H1/2023: 15.8%);
- EBIT was EUR 3.1 (H1/2023: 14.4) million, with the EBIT margin at 4.3% (H1/2023: 15.1%);
- Profit for the period totalled EUR 0.5 (H1/2023: 10.5) million;
- Cash flow from operations stood at EUR -5.4 (H1/2023: 8.3) million;
- The interest-bearing debt amounted to EUR 4.6 (3.8) (31 December 2023: 3.1) million;
- Cash and cash equivalents at 30 June totalled EUR 10.1 (30 June 2023: 19.9) (31 December 2023: 18.0) million.
OUTLOOK FOR THE SECOND HALF OF 2024
On the low carbon ferro-chrome side, the sanctions against Russian material will only be fully implemented by end of 2024. Increased demand in aeronautics and defense applications should also start to show some positive impact on the supply and demand balances. Domestic price levels in China seem to have bottomed out as well. We expect further improvements in our cost structure during the second half-year and continue to develop new revenue streams in Europe. The market for low carbon ferro-chrome will be continuously competitive throughout the year.
The chrome ore market, on the other hand, is expected to remain strong. We have been finalizing investment decisions that will enable us to swiftly increase the output of chrome ore concentrates in South Africa.
CEO Mr. Guy Konsbruck
Afarak achieved a positive EBITDA of €4.2 Million for the six months ended 30 June 2024. This is no small achievement in a very difficult business environment. Higher realized chrome ore prices helped counterbalancing Low Carbon Ferrochrome prices that remained under pressure, mainly due to the presence of massive inventory of Russian material and low-cost imports, especially from India. The efficiency of our operations provided some buffer to protect our profitability. Afarak has been for many years now the only Western producer of low carbon ferro-chrome, a critical material for the production of the Aerospace, Defense, Automotive, Green energies, and various other industries.
Helsinki, August 16, 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
Main media
www.afarak.com