Afarak Group Reports Sharp Mid-Year Declines

Afarak Group Plc (GB:AFRK) has released an update.

Afarak Group SE has announced a significant decrease in its EBITDA and turnover for the first half of 2024, with EBITDA dropping by 70% and turnover by 26% compared to the previous year. Despite market challenges, such as increased competition and price pressure from imports, particularly in the standard grades sector, the company has seen positive developments in its FerroAlloys segment and expects solid results for 2024. The company remains focused on specialty alloys and ferroalloys, maintaining its presence on the NASDAQ Helsinki and the London Stock Exchange.

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