16:25 London, 18:25 Helsinki, 21 February 2025– Afarak Group SE (“Afarak” or “the Company”) (LSE: AFRK, NASDAQ: AFAGR)
REVENUE CAUTION– REDUCE OF TURN OVER AND EBITDA
Stock Exchange Release
The Board of Directors of Afarak Group SE (“Company”) worth quotes, that the EBITDA for the entire yr 2024 goes to round 2.6 Million Euro, which stands for a decline of 85% contrasted to 2023.
Furthermore, the flip over for the entire yr 2024 is anticipated to be at round 128.6 Million Euro which stands for a decline of 16.3%
In the Interim financial launch H1 2024 launched on 16 August 2024, the agency talked about the adhering to assumptions: We dream to supply our traders an improve regarding these:
EXPECTATION FOR THE 2ND FIFTY PERCENT OF 2024
On the lowered carbon ferro-chrome aspect, the permissions versus Russian product will simply be completely carried out by finish of 2024. Increased want in aeronautics and safety functions must moreover start to disclose some favorable impact on the availability and wish equilibriums. Domestic value levels in China seem to have really dangerous additionally. We anticipate further renovations in our expense framework all through the 2nd half-year and stay to create brand-new income streams inEurope The marketplace for lowered carbon ferro-chrome will definitely be continuously reasonably priced all year long.
Update:
The yr 2024 misbehaved for the stainless steel market, and alerts are exhibiting that moreover 2025 can come to be another robust yr.
During 2024 the necessity of stainless-steel, particularly in Germany, continued to be lowered and moreover the entire European market continued to be managed.
On the manufacturing aspect we effectively proceeded the lower of our expense of producing. We can usually confirm that the necessity for the Low Carbon distinctive qualities, made use of for specialised functions, has really raised and {the marketplace} prices have really revealed some upside, nevertheless the price situation of the standard qualities, notably because of the imports of Russian product from varied Countries, bypassing the permissions, has really influenced our margins significantly as a result of sector.
The chrome ore market, on the varied different hand, is anticipated to remain stable. We have really been wrapping up monetary funding selections that can definitely enable us to promptly improve the results of chrome ore focuses inSouth Africa
Update: The third and particularly 4th quarter noticed an unanticipated and substantial decline in Cr Ore prices, because of the weak financial state of affairs inChina Since mid January, this fad has really been rotated and {the marketplace} indications for Cr Ore are additional favorable as soon as once more.
Helsinki, February 21, 2025
AFARAK TEAM SE
Board of Directors
For additional particulars, please get in contact with:
Guy Konsbruck, CHIEF EXECUTIVE OFFICER, +356 2122 1566, man.konsbruck@afarak.com
Financial information and varied different capitalist particulars are supplied on the Company’s web site: www.afarak.com
Afarak Group is an expert alloy producer focused on offering lasting growth with a Speciality Alloys group in southerly Europe and a FerroAlloys group in South Africa The Company is famous 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
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