Afarak Group Plc (GB:AFRK) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Afarak Group SE forecasts a significant financial downturn for the first half of 2024, with an expected 70% decrease in operating profit to 4-5 million euros and a 26% drop in revenue to 70-75 million euros compared to the previous year. Despite challenging market conditions, particularly in the European stainless steel industry, the company anticipates stable performance in special quality markets and continued positive trends in the ferroalloys segment.
For further insights into GB:AFRK stock, check out TipRanks’ Stock Analysis page.
