News & Videos - AFARAK GRP. ORD NPV (DI)

09:30 London 11:30 Helsinki 28 February 2025 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) FINANCIAL STATEMENTS RELEASE 2024 H2/24 H2/23 FY2024 FY2023 Revenue EUR million 57.2 58.3 128.6 153.7 EBITDA EUR million -1.6 1.5 2.6 16.6 EBIT EUR million -3.2 0.6 -0.1 15.0 Earnings before taxes EUR million -7.2 -0.2 -5.3 12.0 Loss for the period EUR million -7.8 -0.5 -7.2 10.0 Earnings per share EUR -0.03 0.00 -0.03 0.04 EBITDA margin % -2.9 2.5 2.0 10.8 EBIT margin % -5.6 1.2...

16:25 London, 18:25 Helsinki, 21 February 2025 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) PROFIT WARNING – DECREASE OF TURNOVER AND EBITDA Stock Exchange Release The Board of Directors of Afarak Group SE (“Company”) estimates, that the EBITDA for the full year 2024 is at around 2.6 Million Euro, which represents a decrease of 85% compared to 2023. Furthermore, the turnover for the full year 2024 is expected to be at around 128.6 Million Euro which represents a...

10:45 London, 12:45 Helsinki, 29 January 2025 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) RESOLUTIONS OF AFARAK GROUP SE’S EXTRAORDINARY GENERAL MEETING Afarak Group SE’s Extraordinary General Meeting was held in Helsinki on 29 January 2025. REDUCTION OF THE SHARE CAPITAL The EGM resolved to reduce the share capital of the Company from EUR 23,642,049.60 by EUR 22,642,049.60 to transfer funds to the fund for invested unrestricted equity. After the measure the...

11:15 London, 13:15 Helsinki, 23 December 2024 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) NOTICE TO THE EXRTRAORDINARY GENERAL MEETING Notice is given to the shareholders of Afarak Group SE of the Extraordinary General Meeting to be held on 29 January 2025, starting at 10:00 a.m. (Finnish time) at Union Square Auditorium (Floor K1) Unioninkatu 22, 00130 Helsinki, Finland. Registration begins at 9:30 a.m. The shareholders may also exercise their right to vote at the...

10:15 London, 12:15 Helsinki, 23 December 2024 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) AFARAK GROUP SE’S DIVIDEND POLICY Afarak’s Board of Directors has decided on Company's dividend policy. The dividend policy: The purpose of the dividend policy is to set the framework for the distribution of dividends by the Company to ensure an attractive and consistent return on investment for the Company’s shareholders. The Company shall distribute to its shareholders...

14:00 London, 16:00 Helsinki, 20 December 2024 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) AFARAK GROUP SE´S 2025 FINANCIAL REPORTING CALENDAR Stock Exchange Release Afarak Group SE ("Afarak" or the "Company") will publish its financial results as follows: - Full Year 2024 Results on Friday 28 February 2025 - Annual Report 2024 during the week commencing 24 March 2025 - Report for six months ending 30 June on Friday 15 August 2025 The Company's Annual General...

12:30 London, 14:30 Helsinki, 29 October 2024 - Afarak Group SE (“Afarak” or “the Company”) (LSE: AFRK, NASDAQ: AFAGR) Production report Q3 2024 Afarak Group total production during the third quarter of 2024 was higher when compared to same period of last year mainly due to higher mining activity as Chrome Ore prices remained stable during the quarter. The Ferrochrome market continued to weaken in terms of demand and pricing during Q3 2024 and shows no sign of recovery to date. The...

15:30 London, 17:30 Helsinki, 7 October 2024 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) AFARAK GROUP REPORTS A FATALITY AT ZEERUST CHROME MINE The Company confirms with deepest regret that there was a fatal accident to a subcontractor’s worker at its Zeerust Chrome Mine in South Africa on October 4 th , 2024. Investigations of the causes of the accident are continuing in situ and more information will be available once these investigations are completed. The...

15:55 London, 17:55 Helsinki, 25 September 2024 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) AFARAK GROUP REPORTS A FATALITY AT ILITHA The Company confirms with deepest regret an unexpected fatal accident at Ilitha in South Africa on 16 September 2024. The investigations of the causes of the accident are continuing in situ and more information will be available once the investigations are complete. Afarak Group extends its deepest sympathy with the Family of the...

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)...

15:15 London, 17:15 Helsinki, 1 July 2024 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) CORRECTION: PROFIT WARNING – DECREASE OF TURNOVER AND EBITDA Correction: Message category PROFIT WARNING – DECREASE OF TURNOVER AND EBITDA Stock Exchange Release The Board of Directors of Afarak Group SE (“Company”) estimates, that the EBITDA for the first half of year 2024 is at 4-5 Million Euro, which represents a decrease of 70% compared to 2023. Furthermore, the turnover...

13:30 London, 15:30 Helsinki, 1 July 2024 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) PROFIT WARNING – DECREASE OF TURNOVER AND EBITDA Stock Exchange Release The Board of Directors of Afarak Group SE (“Company”) estimates, that the EBITDA for the first half of year 2024 is at 4-5 Million Euro, which represents a decrease of 70% compared to 2023. Furthermore, the turnover for the first half of year 2024 is expected to be at 70-75 Million Euro which represents a...

12:15 London, 14:15 Helsinki, 31 May 2024 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) RESOLUTIONS OF AFARAK GROUP SE’S ANNUAL GENERAL MEETING Afarak Group SE’s Annual General Meeting was held in Helsinki on 31 May 2024. The AGM adopted the financial statements and the consolidated financial statements and discharged the members of the Board of Directors and the CEO from liability for the financial period 2023. The AGM resolved that no dividend would be paid for...

NOTICE TO THE ANNUAL GENERAL MEETING Notice is given to the shareholders of Afarak Group SE of the Annual General Meeting to be held on 31 May 2024, starting at 10:00 a.m. (Finnish time) at Union Square Auditorium (Floor K1) Unioninkatu 22, 00130 Helsinki, Finland. Registration begins at 9:30 a.m. The shareholders may also exercise their right to vote at the General Meeting by voting in advance. Instructions for advance voting are provided in this General Meeting notice in section C....

15:30 London, 17:30 Helsinki, May 06 2024 - Afarak Group SE (“Afarak” or “the Company”) (LSE: AFRK, NASDAQ: AFAGR) Production report Q1 2024 Afarak Group production during the first quarter of 2024 was higher by 9.7% when compared to same period of last year. Q1/2024 Q1/2023 Change FY 2023 Speciality Alloys mt 23,411 24,359 -3.9% 86,834 Processing mt 6,901 7,581 -9.0% 21,179 Mining mt 16,510 16,778 -1.6% 65,655 South African mines mt 70,278 61,045 15.1% 270,946 Mining mt 70,278 61,045...

11:30 London, 13:30 Helsinki, 22 April 2024 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) AFARAK GROUP SE: EXTRAORDINARY GENERAL MEETING Stock Exchange Release Afarak’s Extraordinary General Meeting was held in Helsinki on 22 April 2024. Jussi Savio (Authorised Public Accountant) presented to the Extraordinary General Meeting the report of the special audit, dated 18 March 2024. The report of the special audit was already published on 25 March 2024 in connection with...

09:30 London, 11:30 Helsinki, 11 April 2024 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, OMX: AFAGR) AFARAK GROUP SE PUBLISHES REMUNERATION REPORT 2023 In addition to release on 27 March 2024, Afarak publishes the Remuneration Report 2023. Helsinki 11 April 2024 Guy Konsbruck CEO For additional information, please contact: Afarak Group SE Guy Konsbruck, CEO, +356 2122 1566, [email protected] Financial reports and other investor information are available on the Company's...

14:00 London, 16:00 Helsinki, 27 March 2024 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, OMX: AFAGR) Annual Financial Report AFARAK GROUP SE'S PUBLISHES FINANCIAL STATEMENTS 2023 Afarak Group announces that it has published today its Board of directors report, Financial Statement for the year 2023, the Auditor’s Report and the Corporate Governance Statement which is available from the Company's website www.afarak.com . Afarak publishes the Financial Statements in accordance with...

INVITATION TO THE EXTRAORDINARY GENERAL MEETING Afarak Group SE invites shareholders to the Extraordinary General Meeting to be held on 22 April 2024, starting at 10:00 a.m. (Finnish time) at Union Square Auditorium (Floor K1) Unioninkatu 22, 00130 Helsinki, Finland. Registration begins at 9:30 a.m. A. MATTERS ON THE AGENDA OF THE EXTRAORDINARY GENERAL MEETING: Opening of the meeting Calling the meeting to order Approval of the Agenda Election of persons to scrutinize the minutes and to...

09:00 London, 10:00 Helsinki, 29 February 2024 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) AFARAK GROUP SE: NOTIFICATION PURSUANT TO CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT Stock Exchange Release Afarak Group SE has on 29 February 2024 made a flagging notification to FIN-FSA pursuant to Chapter 9, Section 5 of the Finnish Securities Markets Act. According to the flagging notification Afarak’s portion of the Company’s shares has exceeded the...