Afarak Group SE 2019 AR2
The report highlights a challenging year for Afarak Group due to weak market conditions in the ferrochrome industry, particularly in South Africa. While the Speciality Alloys segment performed satisfactorily, the Ferroalloys segment faced significant difficulties, leading to temporary mining suspensions and capacity reductions. Financially, the company recorded a revenue decline to EUR 144.9 million and an EBITDA of EUR -23.8 million, heavily impacted by impairment write-downs. On sustainability, Afarak maintained its commitment to safety, achieving zero workplace fatalities for the second consecutive year.
Company: Afarak Group SE
Sector: Manufacturing
Country: Finland
Year: 2019
Type: AR2
Pages: 168
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Afarak Group SE
Annual Report
The report highlights a challenging year for Afarak Group due to weak market conditions in the ferrochrome industry, particularly in South Africa. While the Speciality Alloys segment performed satisfactorily, the Ferroalloys segment faced significant difficulties, leading to temporary mining suspensions and capacity reductions. Financially, the company recorded a revenue decline to EUR 144.9 million and an EBITDA of EUR -23.8 million, heavily impacted by impairment write-downs. On sustainability, Afarak maintained its commitment to safety, achieving zero workplace fatalities for the second consecutive year.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Workplace Fatalities
Employees