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An update from Afarak Group Plc ( (GB:AFRK) ) is now available.
Afarak Group reported a challenging financial year in 2024, with a decrease in revenue to EUR 128.6 million from EUR 153.7 million in 2023. The company faced significant pressure due to historically low stainless steel demand and price competition from low-cost imports, resulting in a loss of EUR 7.2 million for the year. Despite these challenges, Afarak managed to maintain a positive EBITDA of EUR 2.6 million and reduced its operating expenses by 21.2%. The company remains focused on stabilizing its financial situation and plans to follow a new dividend policy.
More about Afarak Group Plc
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 and the Main Market of the London Stock Exchange.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £66.14M
See more data about AFRK stock on TipRanks’ Stock Analysis page.